TradingTech Insight People
FlexTrade Systems Appoints Michael Kovach as Head of Fixed Income Sales in Americas
FlexTrade Systems the multi-asset execution & order management systems vendor, has announced the appointment of Michael Kovach as Head of Fixed Income Sales in the Americas. Kovach, an experienced professional with a 20-year tenure in the FinTech sector, will focus on enhancing FlexTrade’s market position in Fixed Income Electronic Trading Solutions.
He previously served as a Lead Relationship Manager within BlackRock’s Aladdin business and the Head of Fixed Income Sales U.S. at Liquidnet. Based in New York, Kovach’s primary responsibility will be to drive sales and expand the business reach of FlexTrade’s Fixed Income EMS, FlexFI, offering solutions for liquidity aggregation, price discovery, and best execution in the fragmented Fixed Income landscape.
Exegy Appoints Brian Pomraning as Chief Revenue Officer
Trading and market data systems vendor Exegy has appointed industry veteran Brian Pomraning as Chief Revenue Officer. With 25 years of leadership experience in the financial services industry, including product management, technology, sales, and marketing, Pomraning has a proven track record of transforming and growing global businesses and cross-functional teams.
During his career, Pomraning has worked at bulge bracket banks, public companies and private firms, having held senior positions at JP Morgan, Barclays, Lehman Brothers, ITG, Pico, and Elwood Technologies.
Trumid Appoints Jason Quinn as Global Head of Sales Amid Platform Growth
Fixed income electronic trading technology company Trumid has appointed Jason Quinn as its Global Head of Sales. Quinn, a founding member of Trumid’s leadership team and its Chief Product Officer, will now oversee the company’s commercial division, merging product and sales into one strategic unit. The move is intended to further integrate technology, product, and sales to enhance innovation, liquidity, and client experience.
Quinn joined Trumid in 2015 bringing more than 15 years of credit market experience, both from the buy-and sell-side. Previously, he was a portfolio manager at Millennium Management and Caxton Associates and has held senior credit trading and management roles at Barclays Capital and Lehman Brothers.
Vista Equity Partners Invests in TRG Screen for Strategic Growth; Leigh Walters Steps Up as New CEO
TRG Screen, the provider of enterprise subscription spend and usage management software, has received a strategic growth investment from Vista Equity Partners (“Vista”), a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. TRG Screen will use the capital to accelerate product innovation, talent acquisition, and go-to-market functions.
Leigh Walters has been appointed CEO, and will succeed Steve Matthews, who will assume the role of Executive Chairman after serving as CEO for the past nine years. Matthews will continue to work with Walters and the company’s executive team in driving strategic growth.
DTCC Appoints Brian Steele as President of Clearing & Securities Services
DTCC has appointed Brian Steele as the Managing Director, President, Clearing & Securities Services. Starting from October 2, 2023, Steele will oversee all DTCC Clearing and Securities Services areas, such as Equity Clearing, Fixed Income Clearing, and Wealth Management Services. In the new role, Steele will report directly to Frank La Salla, DTCC’s President and CEO. B
Bringing nearly two decades of expertise from senior positions at Goldman Sachs, Steele’s most recent positions included Managing Director – Americas Client Coverage Group and Global Head of Client & Market Solutions.
LSEG Appoints Charlie Walker as Deputy CEO of London Stock Exchange
London Stock Exchange Group (LSEG) has appointed Charlie Walker as Deputy CEO of the London Stock Exchange plc. He will also join the LSE plc Board, subject to regulatory approval. Walker will continue to report to Julia Hoggett, CEO of LSE plc to support the daily running of the exchange while continuing to oversee the Group’s primary markets business.
A capital markets specialist, Walker joined LSEG in 2018, having previously worked within J.P. Morgan Cazenove’s Equity Capital Markets team, where he was responsible for originating and executing equity transactions and raising over £45 billion of equity capital on behalf of clients.
Adaptive Appoints Dave Clack as Chief Product Officer
Adaptive Financial Consulting has appointed Dave Clack as its new Chief Product Officer, a strategic role focusing on the innovation of Aeron, Adaptive’s cloud-native messaging infrastructure for the capital markets. Clack will be responsible for driving growth, overseeing product development, and shortening the time it takes for financial firms to deploy trading architectures into the cloud.
Clack has been with Adaptive since 2015, initially as a non-executive board advisor. The appointment follows other significant changes at Adaptive, including the expansion of the company’s managed service offering, ‘Operate’.
DiffusionData Appoints Former CME Group Executive Scott Fink as Managing Director for the Americas
DiffusionData, a company specialising in real-time data streaming and messaging solutions, has appointed Scott Fink as its new Managing Director for the Americas. Fink, formerly an Executive Director of Site Reliability Engineering at CME Group, will oversee customer and partner engagements across the US, Canada, and Latin America.
During his tenure at CME Group, Fink was responsible for global trading and post-trade infrastructure, focusing on market data delivery. He worked on design consulting, platform development, and business continuity, among other roles. He also oversaw the deployment of Diffusion while at CME Group.
Delta Capital Names Alan Philpot as Chief Product Officer and DLT Lead
Delta Capita, a capital markets consulting, managed services and technology provider, has appointed Alan Philpot as chief product officer. Philpot brings more than 30 years’ experience in operations and strategy across financial markets and joins from SETL where he was head of custody and market infrastructure. He has also held senior roles in post-trade and securities at Barclays and Capco.
In his role at Delta, Philpot will be responsible for bolstering Delta Capita’s DLT offering and leading the strategy and execution of future product offerings. The company’s DLT business includes settlement optimisation, asset and collateral tokenisation, multi-asset books and records, digital issuance and digital custody, digital identity and passports, and interoperability.
Delta Capital recently acquired distributed ledger technology from SETL to build a next generation capital markets ecosystem, with Montis Group announced as the anchor client.
Global Relay Promotes Sahar Kayhani and Alex Viall to Key Leadership Roles
Global Relay, a provider of electronic communication compliance and archiving solutions, has promoted Sahar Kayhani to Chief Product Officer and Alex Viall to Chief Strategy Officer. Kayhani most recently spent two years as product director overseeing Global Relay’s data capture and archiving solutions, while Viall served as director of regulatory intelligence for the company.
Kayhani, who joined Global Relay as a product manager in 2014, will oversee a focused product strategy, collaborating with various departments. Viall, will help align Global Relay’s business strategy with its next growth phase and assist clients in adapting compliant communications practices for a changing financial regulatory environment.