About Recondo Technology
James K. (Jim) Burns
President
James K. (Jim) Burns serves as President of Recondo Technology, bringing his extensive finance experience, technology expertise, health care background, and negotiating skills to the health care industry. Recondo is focused on streamlining the flow of information in health care to create straight through processing similar to the improvements implemented on Wall Street. Straight through processing in the health care industry will reduce costs of payments, improve patient satisfaction, and improve overall effectiveness of medical care.
Mr. Burns serves as Founder, Vice Chairman, and Board member of Magnum Jet, a company with contracts to purchase 201 Very Light Jets to deploy into a nationwide Air Taxi service and revolutionize United States air travel.
Prior to Magnum Jet, he served as Chief Operating Officer and Chief Information Officer, North America, for Swiss Bank, now UBS Warburg. At Swiss Bank, he focused on streamlining global operations for many key business units. He helped lead globalization for foreign exchange operations and processing, which consolidated 24 centers into two primary centers, generating significant efficiencies and savings. At Swiss Bank, he spun out the information technology infrastructure function into a company generating $240 million in revenue, then merged this unit with Perot Systems, yielding an overall $2 billion gain for Swiss Bank. He also led the development of the largest trading floor in the USA in Stamford, Connecticut, which seats more than 2,000 sales and trading professionals in one column-free room the size of a soccer field.
He also served as Chief Operating Officer and Board member of SHL Systemshouse, where he led the innovation of Object Oriented Programming with the Steve Jobs company, NeXT. Additionally, he structured an innovative potential merger with Sabre of American Airlines. (SHL Systemshouse was acquired by MCI and ultimately by EDS.)
Mr. Burns also served as Chief Information Officer of Goldman Sachs, where he helped streamline the flow of information via straight through processing, which improved the accuracy of data from point of origin and dramatically reduced trading activity operational processing costs. As a partner at Accenture, he was the global head of systems integration reporting to the CEO. At Accenture, he concentrated on financial services, manufacturing, and health care. while at Accenture, he led several health care industry engagements, including the formation of the Baxter Healthcare software business. As an entrepreneur, he assisted Netscape in creating an enterprise solution selling program that helped turn the firm around after the browser went free.
Mr. Burns holds an MBA in Finance and a BA in Economics from the University of Michigan. He previously served on the Advisory Board of Carnegie Mellon University School of Computer Science.