watching the decline and fall of a house of cards

Monday, August 07, 2006

Chap watch

With the house of cards looking ever more shakey by the day, word is that Klutz is planning on winding up feunix by year end. When that happens, what will become of Chappy; as he has the loan on the haunted house to repay. Maybe he'll follow his brothers previous example and try skipping town. This would be such a shame, so maybe it would be good if we could all look out for the chapster.

Posting of recent chappy sightings would be most welcome. Extra comments on the state of his toupee would be most amusing too.


  • At 11:01 PM, Anonymous Anonymous said…

    Most Finetix employees realize that Finetix is going under. Many of them have their resumes out at recruiters, and many have contacted ex-Finetix employees in hopes of landing new jobs. Watch the slow trickle of talent leaving this company.

    On a related note, looks like Spencer the Cat has joined the crew over at 49. Yet another happy ex-Finetix employee with nothing but warm fuzzies towards Homer and The Wig.

  • At 9:43 AM, Anonymous Anonymous said…

    Not seen chapman for a while now; last time I saw him he was on his way to being very drunk in grand central station. Maybe drowning his sorrows before heading up state to the shakey shack.

    I see klutz even less, but I did see him a few times in the early days of the mass exodus. He'd swapped his regular leisure wear for a business suit to try and convince everyone that things were "business as usual". Hell, he even managed to make Donna stay on for a $250k base.

  • At 4:15 PM, Anonymous Anonymous said…

    I saw chappy at the SIA show. He seems to be walking around according to a Brownian rule; bumping into other event goers in a seeemingly random fashion.

  • At 1:52 PM, Blogger CRJ said…

    Seems that sighting of the Chapster are thin on the ground. Maybe he's keeping away from angry ex-eomployees and disgruntled former clients.

  • At 8:37 PM, Anonymous Anonymous said…

    The next few weeks should be very interesting at Chez Klutz.

  • At 4:48 PM, Blogger CRJ said…

    Care to shed some more light on that anon?

  • At 1:53 PM, Anonymous Anonymous said…

    Is Avery out now?

  • At 12:21 PM, Anonymous Anonymous said…

    Ask Luke and Dan. Last time we saw Avery, he was staring at the Statue of Liberty through the windows at their office.

  • At 2:48 PM, Anonymous Anonymous said…

    Avery was probably thinking about how much money Flutz and Chappy will throw at him to stay, given that the talent in that org seems to be just slipping away from them. I wonder Why !!!!!!!!

  • At 1:31 PM, Anonymous Anonymous said…

    Had a call from Chris Sullivan last week; he claims to head up business development at Finetix. No wonder those guys are going bust. Total a-hole - I would never do business with anyone who would have someone like that on staff.

  • At 5:04 PM, Anonymous Anonymous said…

    Funny.. but sounds like a drunk statement. He has the title of manager of business development but he doesn't actually RUN the area.

  • At 10:15 PM, Anonymous Anonymous said…

    The people at Finetix are getting smarter. It seems as if everyone knows that Donna is now getting $250,000 in base for doing nothing. How much work does it take to do HR for a 40-person consulting company that can't find anyone to hire? All of the very smart developers are angry that someone with the demeanor of a construction worker is getting $100K more than they are for working from 10AM to 4PM.

    Just wait a few weeks longer. Anyone who is left at Finetix will be sorry that they did not start looking sooner!

  • At 1:06 PM, Anonymous Anonymous said…

    It does sound as though Sullivan was drunk (or on the way there) when he made that call. Can't say I blame the guy if he has to work with Chappy on a regular basis.

  • At 3:11 PM, Anonymous Anonymous said…

    FYI Sullivan was on vacation the week you said he made this call. He has a HOT girlfriend and I sure he certainly wasn't thinking about work.

  • At 12:19 PM, Anonymous Anonymous said…

    As predicted, the first card has fallen at Finetix. The second one is not far behind.

  • At 2:34 PM, Anonymous Anonymous said…

    who ever you are, you're a tease, who is the first card? Or is this just the rambling of a mad man ???

  • At 3:08 PM, Anonymous Anonymous said…

    Donnan is out.

  • At 3:15 PM, Anonymous Anonymous said…

    So is Avery.

  • At 3:32 PM, Anonymous Anonymous said…

    Avery is too much of a Finetix Ass kisser to leave, so what are you smoking !!!!!!!

  • At 3:41 PM, Anonymous Anonymous said…

    if Donnan has really gone, then it leaves Finetix with a serious technology hole, as it would seem that he was one of the last good .Net developers there.

  • At 1:27 PM, Anonymous Anonymous said…

    Donnan is definitely gone. Only the first in a stream of Finetix people who have their resumes out on the street and are asking former Finetix colleagues for jobs.

    From what we hear, Finetix is having a difficult time placing their consultants at clients. Lab49 just landed Citi as an account. Meanwhile, Finetix has been trying to find some companionship for poor Larry.

    And, don't be so sure about Avery drinking the Finetix koolaid. He is a sharp character, and sees exactly what is going down.

  • At 9:44 PM, Anonymous Anonymous said…

    And it ain't Donna (going down that is).

  • At 12:09 AM, Anonymous Anonymous said…

    I'm kinda new to this blog. It's fun, but can someone explain who all the people and roles are?

  • At 9:03 PM, Anonymous Anonymous said…

    With their incredible dwindling staff, how do they get any clients/projects?

  • At 1:59 PM, Anonymous Anonymous said…

    It's official then, Donnan is out: http://www.chrisdonnan.com/blog/

    Come on Avery, give us the news before the weekend.

  • At 6:58 PM, Anonymous Anonymous said…

    Might anyone assemble a list of everyone who has left the firm in the past 6 months? And who might be to blame?

  • At 7:46 PM, Anonymous Anonymous said…

    Davey, Holland, Patel, Gemma, Nolan, Guy, Donnan, Adler, Black, Kluzek, Lattimore-Gay, Hamilton, Otterberg, Gendelman, Resnick. There have been many more, but can't remember names.

  • At 8:37 PM, Anonymous Anonymous said…

    You forgot the following

    Atul Desai
    Brian Winquist
    Denton Sy
    Kunal Singh
    Ming Chen
    Neo Christodoulides
    Ognjen Kavazovic
    Paul Glenn
    Sudarsan Vaidyanathan
    Trevor Gimbel
    Vadim Belobrovka
    Vadim Kvetnoy

  • At 11:49 PM, Anonymous Anonymous said…

    is solomon dukakis still there? he's always blogging about the job market. he must be stupid to still be with finetix, considering how much he's worth at a bank.

    the talent level there must be pretty low by now.

  • At 8:13 AM, Anonymous Anonymous said…

    Marie Griffiths and Jing Zhang too. Entire London office and virtual Toronto office obliterated.

    Amity Black
    Atul Desai
    Bob Otterberg
    Brian Winquist
    Chris Donnan
    Cliff Resnick
    Damien Guy
    David Lattimore-Gay
    Deglan Holland
    Denton Sy
    Gemma Jones
    Michael Gendelman
    Jing Zhang
    John Nolan
    Kunal Singh
    Marc Adler
    Marie Griffiths
    Matt Davey
    Michal Kluzek
    Ming Chen
    Neo Christodoulides
    Ognjen Kavazovic
    Paul Glenn
    Pinakin Patel
    Ross Hamilton
    Sudarsan Vaidyanathan
    Trevor Gimbel
    Vadim Belobrovka
    Vadim Kvetnoy

  • At 12:07 PM, Anonymous Anonymous said…

    So how about a definitive list of who's left - can't be more than ~15 by now.

  • At 1:16 PM, Anonymous Anonymous said…

    Last I heard...

    Avery, Gunter, Shain, Lisovin and Alvarez at Morgan Stanley in Westchester

    Cohen at Citi in NYC

    MRoberts, CRoberts and Gomez at Deutsche

    Palmer, Raitt, Suren, Liu, Brodsky at JPMC in MYC

    CMorgan at JPMC in Houston

    Pople and Chen at Alphadyne

    Grainger, Ducktape, Zeisel at Conde

    Horta at RBC

    Looks like 21 consultants.

    Support/Admin staff are Chapman, Katz, Thompson, Sullivan, Edesham, Dennis, Zheng, Castillo, Devlin, Fenych. 10 non-billable people for 21 billable. Thompson's $250K salary gobbles up one consultant's yearly revenue. Chapman's and Katz's $700K each gobbles up 5 consultant's revenue.

    They are having a difficult time getting back into the two Morgans and Citi. From what we heard, Ashworth wants them out of JP as soon as possible. Not sure if that's true? Can you comment please, Mr. Raitt?

  • At 3:20 PM, Anonymous Anonymous said…

    Given that 3 out of the 6 people on the management team resigned within the space of a couple of months and one other threatened resignation that speaks volumes.

    if it truely is 10 BO people ( all cost ) for approx 21 billable staff then this company is F**Ked.

    From what I have heard they have nothing credible to pitch to anyone bar the homeless person on the corner of my block, and then that is somewhat dubious

  • At 4:20 PM, Anonymous Anonymous said…

    what ever happened to the training sessions and the hedge fund practice? did that ever go anywhere, or was that another bone that the partners threw out to the finetix employees that never saw the light of day?

    remember, SK and DC would have to actually put money into the business for that to happen. perhaps the haunted hotel has left everyone with a zero bank balance?

  • At 10:22 AM, Anonymous Anonymous said…

    Seem like everyone have about same info now, from study this company wait for it to fail. Anyway, heres our breakdown of them. Please correct any error/

    Finetix Revenue

    JPMorgan Chase, New York
    Contact: Michael Ashworth, MD & CIO Investment Bank
    Work: 212-622-5141
    Work: 212-648-6888
    Home: 212-691-4803
    Home: 646-638-0379
    Email: michael.ashworth@jpmorgan.com

    Alex Raitt
    Neil Palmer
    Suren Hiraman
    Song Liu
    Paul Brodsky
    JPMorgan Chase, Houston, Consultants
    Chip Morgan

    Deutsche Bank, New York
    Contact: Brandon Rush, VP
    Work: 212-250-8256
    Cell: 646-641-4646
    Email: brandon.rush@db.com
    Contact: Stuart Crook, MD
    Work: 212-250-6886
    Email: stuart.crook@db.com

    Michael Roberts
    Edwin Gomez
    Chris Roberts

    Morgan Stanley, Westchester
    Contact: Jimmy Stewart, MD
    Work: 914-225-4480
    Email: jimmy.stewart@morganstanley.com

    John Avery
    Michael Gunter
    Peter Lisovin
    Charles Alvarez

    Royal Bank of Canada, New York
    Contact: Ed Kucharski, CIO
    Email: Ed.Kucharski@rbccm.com
    Work: 212-858-7077
    Work: 416-842-5858
    Contact: Tom Donovan, MD
    Work: 212-858-7255
    Work: 212-428-3048
    Email: tom.donovan@rbccm.com
    Contact: Leslie Dias, VP
    Work: 212-858-7027
    Email: leslie.dias@rbccm.com
    Contact: Peter Sanchez, Global Head Prime Brokerage
    Assistant: 212-858-8343
    Work: 212-858-8389
    Work: 416-842-4642
    Email: peter.sanchez@rbccm.com

    Mark Horta

    Citigroup, New York

    Larry Cohen

    Alphadyne Asset Management, New York

    Bruce Pople
    Ming Chen

    CondéNet, New York

    Contact: Amy Junger, SVP and General Manager
    Work: 212-790-5100

    Brendan Grainger
    Kevin Zeisel

    Cost Centers

    Steven Katz
    David Chapman

    Donna Thompson
    Jacqueline Zeng
    Anthony Fennych
    Melissa Castillo
    Matt Devlin
    Chris Sullivan
    Dennis Nealon
    Nigel Edelshain (Consultant)

  • At 11:28 AM, Anonymous Anonymous said…

    In the list, looks like the two missing names are Chris Shain at Morgan/Westchester and Solomon Duksis at Conde. Did both leave recently?

    Shain has a really far commute from Long Island every morning, and Duksis is always blogging about how great the job market is.

    They also just hired a new guy from Bloomberg who is sitting on the Finetix bench, eyeing Katz with bad intent.

  • At 11:35 AM, Anonymous Anonymous said…

    i think solomon is playing for the 49'ers now.

  • At 10:46 PM, Anonymous Tyvek Hotel said…

    A recent edition of the local Dutchess County rag, Gazette Advertiser, ran a story trumpeting the beginning of construction on the “Tyvek Hotel”. The article mentions the construction firm, Marsupial Construction. The inside story from the Chinese joint across the road is that the brothers Chapman could not get a legitimate contractor to sign off on the project, and the bank would not release the funds. In desperation, they "discovered" Marsupial, a company that was curiously formed on November 10, 2005, and is run out of the garage of someone’s house.

    So the long awaited day has arrived. The brothers Chapman, who have no experience with the construction or operation of hotels, have retained a “construction firm”, which also appears to have no experience with construction, funds from the gigantic multi-million dollar sub-prime loan will start flowing, and years of profits from consultants toiling for Chapman will get flushed into a stew of shit brewing in the above-ground sceptic system planned for the hotel.

    Poor Raitt, who dumped his $250,000 inheritance into The Rhinecliff, is not even mentioned in the article – which is perhaps just as well.


    NYS Department of State
    Division of Corporations
    Entity Information
    Selected Entity Name: MARSUPIAL CONTRACTING, INC.

    Initial DOS Filing Date: NOVEMBER 10, 2005
    County: DUTCHESS
    Jurisdiction: NEW YORK
    Current Entity Status: ACTIVE

    Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
    ELIZAVILLE, NY, 12423
    Telephone: 845-756-2480
    Registered Agent: NONE

    NOTE: New York State does not issue organizational identification numbers.


    Gazette Advertiser
    Covering the towns of Rhinebeck, Red Hook, Milan and Clinton, the villages of Rhinebeck, Red Hook and Tivoli, and the Rhinebeck and Red Hook school districts
    Vol. CLIX, Ho. 35 Thursday, August 31 - September 6, 2006 Single Copy: 75 cents
    To subscribe call 845-677-8241

    ‘Tyvek Hotel’ burnishes image
    Rhinecliff Hotel Restoration Underway
    By Colin DeVries
    Staff Reporter

    RHINECLIFF - Not even sprinkles or looming clouds could dampen the spirits of many Rhinecliff and Rhinebeck residents when the Rhinecliff Hotel held its mirthful version of a ground-breaking ceremony, dubbed the “Tyvek-cutting.”

    ”The ambience and good spirit of the crowd is a good sign of things to come,” said Steve Block, Rhinebeck Town Supervisor, who was given the honor of cutting the strip of “Tyvek” construction wrap to kickoff restoration plans for the

    The arduous task of rebuilding the Rhinecliff Hotel to its former glory has been quite a handful for the new owner of the building, James Chapman.

    A former resident of London, Chapman has lived in Rhinecliff for roughly three years now, and with the help of his brother, David, they look to finally restore the hotel to its former glory.

    No expense was spared for the lavish ceremony, which spilled out onto Shatzell Avenue.

    The old bar from inside the hotel had been placed outside and used to serve drinks for the event. Wine, champagne, and fresh lemonade squeezed by young entrepreneur and Rhinecliff resident Shea Holsapple, were all served.

    The company that operated the project’s construction, Marsupial Construction, was in attendance, serving hors-d’oeu-
    (Continued on Page A3)
    From Page A1
    vres to the crowd while Blue Gardenia, a contemporary jazz ensemble, supplied some delightful entertainment.

    It was certainly a moment that Chapman bad been longing for and he jumped at the chance to go all-out and show the community he is dedicated to complete this project.
    “We’re just happy to be in a position to start building now,” Chapman said. “We’re committed now. We have to go through with it.”
    It has been several years since the Rhinecliff Hotel was operating, having been shut down back in 2003.

    The status of its reopening was only but a rumor among the residents of the hamlet, until Chapman made his intentions known recently.
    Now residents eagerly await the hotel’s reopening, which Chapman says could be as soon as next summer.

    Histocally, the hotel was been serving the close-knit community of Rhinecliff since the mid-nineteenth century – construction of the structure was completed in 1854.

    George Veitch, who had designed and planned numerous other structures in the hamlet and the town of Rhinebeck was the building’s architect.

    It was Veitch, along with Charles H. Russel, who gave the hamlet the name Rhinecliff, which fell under some scrutiny during the time because many residents preferred to remain Rhinebeckians rather than Rhinecliffers.
    The hotel has experienced some turbulence in its history, taking a major hit when the Kingston-Rhinecliff Bridge was constructed. Once the bridge was completed, the ferry service that operated across the railroad tracks was all but obsolete, and the Rhinecliff Hotel was no longer the vacation destination it once was.

    From that point it become more of a local attraction, where many residents of Rhinebeck and Rhinecliff went to unwind with a few drinks while they listened to a local band, played billiards, or just have a good time with their neighbors.

    It is Chapman’s mission to bring back what was once a staple of the Rhinecliff community, and he could not have more support.

    ”The Town of Rhinebeck have done everything to help get through a complicated and bureaucratic process,” said Chapman. lt takes time, and without the Town of Rhinebeck helping us, we could have been three years further down the line waiting for this moment.”

    There was no mistake that residents in attendance appreciated Chapman’s efforts. One resident of Rhinebeck, Vicki Rochkind, commented on the hotel’s impact on the community.

    ”Hopefully it will elevate Rhinecliff to the beautiful and picturesque status that it is,” Rochkind said. “We appreciate the fact that we’ll have another place to enjoy the beauty of the area.”

  • At 1:48 AM, Anonymous DecisionPoint said…

    Appears klutz and chappy have been promising Donna-like bonuses and pay raises to keep people around past the end of 2006. Also appear they talked with M&A people at DecisionPoint www.decisionpointint.com about how to sell. Our sources tell us that the extremely high churn of employees, the high administrative costs, the 3x market salaries for the partners and back office people, the shutdowns of London and Toronto, big losses og positions at JPMC, disasters such as the Ginzberg incident at MS New York, etc, are considered negative from an investor view point. Of course, they have some positive attributes such as new office furniture. Should be interesting to see if anyone takes the bait and sticks around another year.

  • At 2:05 AM, Anonymous Anonymous said…

    > Also appear they talked with M&A people at DecisionPoint about how to sell.

    isn't that Nigel's job? or did they finally realise that Nigel might have been pulling a Schwaber on them?

    do they still have that 3-year old manual that Nigel wrote on how to do boiler-room cold calling?

  • At 2:21 AM, Anonymous Anonymous said…

    That must be why Avery is staying. Wonder how much he is going to get at the end of 2006? Then again, isn't the 10-month rule about to kick in at MS for most of the team? So, Avery might be relaxing on 45th Street in another month.

  • At 2:59 AM, Anonymous Anonymous said…

    Who ever thinks about buying this company should probably talk to the most recent partner that left!!!!!! as it seems some what strange that they are looking to sell after he left, smells fishy to me!!!!!

  • At 3:03 AM, Anonymous Anonymous said…

    Who ever is stupid enough to stick around for a bonus that is not guraenteed at the end of the year is smoking the same crack as the management of this place.

  • At 3:06 AM, Anonymous Anonymous said…

    So where can I find this place on F**KedCompany.com ??

  • At 12:51 PM, Anonymous Anonymous said…

    It would be a shame if Decision Point found out about this blog. A real shame....

  • At 4:10 PM, Anonymous Anonymous said…

    Still trying to verify status of
    MS Westchester – John Avery, Chris Shain
    RBC - Mark Horta
    Alphadyne - Ming Chen
    CondeNet - Solomon Duskis

  • At 10:59 AM, Anonymous Anonymous said…

    Horta was cut loose. They closed down the operation and he now works for RBC direct.

  • At 11:53 AM, Anonymous Anonymous said…

    That's another "director-level" position gone.

    This means that Finetix has director position open for someone that is a doer, not a talker. Who do you think it will be?

    My bet is Mike Roberts.

  • At 1:28 PM, Anonymous Anonymous said…

    Why was Horta let go?? he was one of the good guys there, I guess one less client for them to boast about.

    From what I see on this blog, the lack of doers at the top of the food chain is somewhat bizare !! I guess the fact that anyone on billing is already a doer and bringing in money for the talkers, kinda escapes those at the top !!!!

  • At 11:42 PM, Anonymous Anonymous said…

    This is the typical Finetix pattern... sack your most expensive people just before bonus time. Saved them 10-15K in bonus, but cost them a lot in negative PR.

    Sullivan was always saying "We have 6 reqs from RBC for .NET programmers. We have an amazing project coming." Meanwhile, the manager at RBC couldn't stand Finetix.

    Yet one more bank that Finetix will no longer do business with.

  • At 11:44 PM, Anonymous Anonymous said…

    they want to make themselves look more financially attractive for decision point. shed all of the big salaries. taht's why they forced dlg out.

  • At 2:22 AM, Anonymous Anonymous said…

    dlg was forced out? I thought he went upstate to flip burgers !!!!

    the easiest way for this company to make money and look good to a buyer would be for all staff including the partners to have realistic salaries, rather than the over bloated numbers as per this blog.

  • At 3:03 AM, Anonymous Anonymous said…

    When decisionpoint buys them, the first thing dp will do is to cut all of the salaries. Finetix employees have to realize that they can make a lot more by becoming employees of their clients. Horta was the smart one, and will have the last laugh.

    Where is DLG now? Assume he is sunning himself in Florida after piling up all of the Finetix loot. Good for him. Deserves it after getting shafted by the other two.

  • At 12:39 PM, Anonymous Anonymous said…

    Not sure that DLG piled up much Finetix loot. From other postings it seems that his take was way less than half of either the chapster or klutz. There was also talk that his attorney had to hire forensic accountants to cut through the klutz smoke and mirrors to get anything out of the fucked company.

    Does anyone know if they settled? Can't imagine that DLG is free to comment on this either way (if he reads this blog), anyone else?

  • At 10:06 PM, Anonymous Anonymous said…

    Found this on the floor at the office

    Location New York Houston
    CTO $2250 $1900
    Director $1650 $1150
    Level 1 $1500 $1050
    Level 2 $1350 $950
    Level 3 $1150 $800

  • At 3:23 PM, Anonymous Anonymous said…

    Chappy is the CTO, right? I can't see anyone blowing $2250 for advice from that guy. Unless, of course, they were trying to score some primo ladyboy cock.

  • At 5:33 PM, Anonymous Anonymous said…

    From what I understand DC has not been on billing for almost three years, so that CTO rate is just wishfull thinking, but I agree that no one in their right mind would cough up that kinda money for advice from DC. Just look at all the crap associated with the hotel, enough said.

  • At 5:39 PM, Anonymous Anonymous said…

    Wonder what Klutz billing rate is?

  • At 5:54 PM, Anonymous Anonymous said…

    Doughnuts and duff beer I think.

  • At 6:42 PM, Anonymous Anonymous said…

    $2250 per day is what the CTO (Chapman) bills Finetix internally. That's about 600K per year.

    There are no level 3's at Finetix, so this is a smokescreen.

    What will DP have to say about Donna's 250K base? Let's see if Klutz can obsfucate that when it comes time for DP to examine the books. Let's also see how Klutz makes DLG an unperson for DP. There are just too many skeletons in this closet for any reputable company to feel good about.

    The only one who does any real work up there is Nigel. Spends his day plotting how he can get rid of Sullivan and Dennis.

  • At 9:05 PM, Anonymous Anonymous said…

    Surprised that they didn't make everyone a director, seeing that they can charge a lot more.

  • At 12:17 AM, Anonymous Anonymous said…

    Yes, the rates are too high. I think I can sell, but not totally unrealistic stuff. And everyone here either dresses like a pig or looks like a throwback to Studio 54. And yeah, that Nigel guy is really gunning for me.

  • At 12:45 AM, Anonymous Anonymous said…

    I guess this is closer to whats been going on: Level 1 $1425, Level 2 $1280. What Level 1 and Level 2 mean I have no clue. Klutz and his troops DT and NE hate me so much I dont know what to do.

  • At 1:22 AM, Anonymous Anonymous said…

    I am Chris Sullivan.

    I sit in a small little room, in a small little world, with evil eyes staring at my back the whole day.

    I can't call into any of the investment banks because Chappie claims that they are all his.

    I can't call into any of the hedge funds, because Katz claims that they are all his.

    I can't call into any of the massage parlors, because Donna claims they are all hers.

    Nigel can call into any investment bank, because he is one of Chappie's school mates.

    Dennis can call into any investment bank because he has no idea what a sales pitch is, so they just ignore him.

    I am the smartest person in the company. They just don't know it. So I sit here, biding my time. I won't even swat that fly. They'll say to themselves "He won't even harm a fly."

  • At 8:59 PM, Anonymous Dan Simon/Deborah Eisenberg said…

    If you haven't see the following, then please read them:


    Now that you are aware of what my employer's news is, I'll provide the truth about what these announcements mean:

    1. Cadence Capital Group (http://www.cadencecg.com/) was setup by a fired CITCO (http://www.citco.com/) employee. The company is basically Dmitry and his wife attempting to behave lile a hedge fund. Finetix partnering with Cadence is about as much use as Katz and Chappy paying the "head" $250K.

    2. DC and SK know nothing about Client Relationship Management. The fact that they have started a practice based on two hires from Salesforce again shows that finetix is heading in a downwards direction. Does Katz and Chappy think they are going to retrain all the techie's to be CRM people? Or are they going to fire everyone and hire salesforce employees?
    3 Software-as-a-Service (SaaS) I'm surprised Katz and Chappy can actually know what SaaS is. It scares me to think of chappy selling SaaS - two bottles of SaaS please.....do you come here often little boy....

    4. Did you notice that all the press releases have two offices listed, yet finetix's site has three? Care to explain that one Katz and Chappy?

    5. Do chappy and kity kat really expect to get more work from investment banks using http://www.salesforce.com/partners/consulting.jsp?

    6. "David Chapman, Chief Technology Officer at Finetix, comments, “By partnering with a fund as focused on innovative strategies and fund operations as Cadence is, Finetix will be able to continuously align our technical knowledge with the changing needs of hedge fund managers. In this rapidly changing financial environment, Cadence’s insight will help us continue to build out our successful hedge fund practice and continuously improve the agile delivery of the cutting edge solutions that managers need.”

    What technology knowledge? Everyone who had any knowledege has either left or wants to leave. Speak to John....

    7 "in capital markets for over 12 years". Chappy, would that be 12 years of agile? or 12 years or salesforce? or 12 years both?

    8. If you want a laugh ask the other employees about the hedge fund meeting chappy organised.

    9. "successful hedge fund practice" oh really. so you call three client and 5% of the consultants a successful practice? you fired the only chap who understood hedge funds. chappy can't even spell hedge.

    Please send all jokes to:

    Dan Simon/Deborah Eisenberg
    + 1 646 495 5550

  • At 9:44 PM, Anonymous Anonymous said…

    Yesterday, we were Experts in Capital Markets. Today, we're a body shop. Tomorrow, we are implementing SalesForce solutions.

    What are you going to do with all of that expensive development talent when a you get a big customer who needs 10 developers to implement SalesForce? I'm sure that this is what all of the new employees like Ivan, Sonny, and Brodsky want to do.

    I guess that Horta was fired to make way for the SalesForce sales force.

    Will your SalesForce practice make Nigel sell any better? Did you show them Nigel's playbook for making money yet?

  • At 9:51 PM, Anonymous Anonymous said…


    Do you have any reason to stay at this company? Don't you know that they are the laughingstock of Wall Street (and whatever street Houston has)?

  • At 9:54 PM, Anonymous Anonymous said…

    "By partnering with a fund as focused on innovative strategies..."

    You mean they're into leather and little boys too, DC?

  • At 4:23 AM, Anonymous Anonymous said…

    Once upon a time, there were two girls who went to the IT academy to see what they could do. One in Blackpool... the other in New York. And they were each assigned very hazardous duties. One had to run the accounts side of a failing business which pretended to be at the forefront of technology and the other had to go and see clients to sell this failing stuff to. But no matter what the two girls did or say nothing went right for them. So they tried to change their image (by hiring an image and media consultancy) and one of them rebranded herself as being The Donut Eating Executive and other to Dave "A century of Agile" Chappy.

    Then one day one of the girls decided they would bring a bear into the office to take the pressure of them. His name was Agile. It did not take too long before the two girls started abusing the bear (and the bear did not like it as he was not into girls, preferring other bears instead) and forced him to do all the hard work whilst the ugly sisters went to the ball (err... sorry I'm in the wrong story there).

    So the months went by with the 2 girls shafting the bear at every oppourtunity but still managing to keep him from leaving by giving him an imaginary partnership in their imaginary business. But one day, the bear had enough and said "you bitches", picked up his handbag and left the office - never to return again.

    But I now intend to take the two girls away from that and make them work for me. My name is Crispin.

  • At 5:47 PM, Anonymous Anonymous said…


    This is the blog of Dmitri from Cadence. This is a one-person shop.

  • At 8:16 PM, Anonymous Dan Simon/Deborah Eisenberg said…

    Mark Horta hasn't been fired, neither has he resigned. He is still at RBS working for the company and speaking to the chapmaster.

    Finetix has engaged Dan and I to act as finetix's PR firm. This is obvious an uphill engagement to actually position such a small company run by two obviously incompetant people, but we are doing the best we can. Its obvious that the finextra announment wasn't one of the greatest things we've done for finetix. The Cadence Capital Group partnership is unfortunately worthless, and we're not sure if decision point will ever be able to find any value in finetix - we can't, but we do enough taking mr katz's money.

    Our advice to decision point is to avoid talking to Mr Chapman since he is unfortunately unable to make a decision or comprehend the meaning of conversations. If any company is interested in finetix, we would advise that they hunt the staff, and avoid the management

  • At 10:27 PM, Anonymous Anonymous said…

    For any poachers who are interested in recruiting from Finetix, an employee's email address is


    For example,


  • At 3:40 PM, Anonymous Anonymous said…

    Crispin - We want to invite these people to our next big piss up: Alex Raitt, Neil Palmer, Suren Hiraman, Song Liu, Paul Brodsky, Michael Roberts, Edwin Gomez, Chris Roberts, John Avery, Michael Gunter, Peter Lisovin, Charles Alvarez, Larry Cohen, Bruce Pople, Brendan Grainger, Kevin Zeisel, Donna Thompson...

    So is this the way to do the emails?

    Is this the way its done?

  • At 3:55 PM, Anonymous Anonymous said…


    ... good for employee morale

  • At 1:25 AM, Anonymous Anonymous said…

    Looks like www.finetix.com is either down or gone for good, so much for a press release, and a non existant web site, this will certainly instill confidence in perspective clients. So much for them being a technology firm.

  • At 2:17 AM, Anonymous Anonymous said…

    You missed the press release where they said that they turned the server operations over to Dmitri.

  • At 2:20 AM, Anonymous Anonymous said…

    Seriously, now that Donnan's gone, there is nobody who can edit the web pages that list the blogs. Chappy has to take down the servers, hire someone to edit the HTML tags, and then restart the servers.

  • At 2:35 AM, Anonymous Anonymous said…

    Donna is gone?

  • At 3:13 AM, Anonymous Anonymous said…


    Chris Donnan

  • At 9:56 AM, Anonymous Anonymous said…

    Dave sez he feelz bad about how he treated Alex Ginzburg. So he wants Alex to come to the big piss up. But we had everyone in our company turn off their phones. can someone pleaze call Alex?

    Mobile 914 434-1654
    Office 212 762-7919

  • At 12:25 PM, Anonymous Anonymous said…

    Ask Adler, Donnan, or DLG about life at Morgan Stanley. I soure they would love to tell you that it is a warm, caring, wonderful place to work.

  • At 1:52 PM, Anonymous Anonymous said…

    is that what youre looking for, a hug and a mug of hot chocolate when you get to the office?

  • At 2:41 PM, Anonymous Anonymous said…

    Actually, I'd like a large tray of that dirty slop from the local deli that you eat everyday

  • At 3:12 PM, Anonymous Anonymous said…

    oh my god! how did you know who i was? i though this was supposed to be anonymous.

  • At 3:20 PM, Anonymous Anonymous said…

    I have been trying to read up on all the new partnerships that have been recently formed, but I can't get to their website all weekend, so much for a tech company with all this experience and yet they can't keep a simple HTML web presence up and running. YEah right I will be willing to give my business to these guys NOT.

  • At 3:44 PM, Anonymous Anonymous said…

    I wonder what thier new rate structure will be for the new services they are offering.


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