Boat Services and blockchain startups Paxos and Symbiont also have People Moves news
ICAP Fills Post for Post-Trade Development Unit
Interdealer broker and post-trade vendor ICAP reports that it has appointed Stuart Connolly head of client product development for its post-trade risk and information (PTRI) division.
Connolly will report to Jenny Knott, PTRI CEO, and will be based in London. His mandate is to “work with each of ICAP PTRI’s businesses to leverage data and -develop client data services through the identification of real life client use cases,” according to ICAP’s statement. “He will provide insights and partner with the relevant data analytics teams in PTRI to build and launch a variety of complementary data services interoperable with PTRI’s businesses.”
Connolly, who has more than 20 years of experience, is joining ICAP from Goldman Sachs, where he most recently served as head of EMEA derivatives clearing services, overseeing the over-the-counter (OTC) credit and rates franchise. “Prior to that [he] held a number of leadership roles in derivatives clearing and prime brokerage at Goldman Sachs and was responsible for all aspects of new business, existing business optimisation and operational processes,” per ICAP.
Boat Services Adds Director of Sales
Carl Nilsen, director of sales, Boat Services
Boat Services has appointed Carl Nilsen director of sales. At Boat, Nilsen’s mandate is to “further develop the company’s fast growing RegTech business, focused on MiFID II transparency,” Boat says in a statement that also spotlights its “Pan-European MiFID II multi-asset trade reporting service TRADEcho,” which is a “partnership between the London Stock Exchange and Boat, together managing a substantial share of firms’ current MiFID trade reporting.”
At the Oslo Bors, his former employer, Nilsen “oversaw sales and marketing for the exchange’s equities business.” At Boat, his emphasis will be on the Northern European client base, per the statement.
London-based Boat also points out that its expanding reg-tech business has resulted in several other hires in the past six months, including former Liquidnet Head of International Corporate Strategy Per Lovén, Goldman Sachs Executive Director Ben Duckworth, UBS Associate Director Chris Machin, and Fidessa Senior Analyst Tina Colville.
Established in 2007, Cinnober acquired Boat Services in 2014.
Paxos Appoints Former NYSE CEO to Board
Duncan L. Niederauer, board of directors, Paxos
Paxos, a financial technology company specializing in blockchain solutions, reports the appointment of Duncan L. Niederauer, the former CEO of the New York Stock Exchange, to its board of directors.
Niederauer was NYSE CEO from 2007 to 2014, according to a Paxos statement, which notes also that, before the NYSE, he was a “partner at Goldman Sachs, where he worked from 1985-2007. He is co-founder of the Mountain Top Advisory Group, a managing member of 555 Capital, and the non-executive chairman of Scenic Advisement, LLC. He also sits on the boards of First Republic Bank, Realogy Holdings and Colgate University.”
Also on the Paxos board are former Federal Deposit Insurance Corporation Chairman Sheila C. Bair, former U.S. Senator Bill Bradley, former Financial Accounting Standards Board Chairman Robert H. Herz, and former Chairman, President and CEO of Lotus Development Corp. Jim Manzi.
Symbiont Names Chief Security Officer/Chief Cryptographer
Symbiont, a startup offering a smart contracts platform based on distributed ledger technology (DLT), has appointed cryptographer Dr. Lisa Yin as its chief security officer and chief cryptographer, company officials say.
In her new role, Yin will oversee the development of advanced security and privacy solutions for Symbiont’s platform.
Yin has more than 20 years of experience in research, implementation, consulting and standardization of cutting-edge security technologies, and is a well-known
Adam Krellenstein, CTO, Symbiont
expert in the cryptography community, officials say. “She was one of three researchers who broke SHA-1, the U.S. Government hash standard,” officials add. She also served as chief editor of IEEE P1363, the first standard for public key cryptography that became the foundation for major cryptography standards.
“Cryptography and computer security are extremely fast-moving fields, so it is imperative to be able to take full advantage of the latest developments, to anticipate and proactively address new forms of attacks,” says Adam Krellenstein, chief technology officer (CTO) and co-founder of Symbiont, in a prepared statement.
Symbiont offers technology for syndicated loans, “which incorporates strict privacy requirements to keep information confidential among parties sharing data on-ledger,” officials say. “Credit Suisse announced completion of milestones in the project in September, which involves 15 financial institutions and includes Symbiont’s joint venture partner, Ipreo, and R3.”
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