Baton Systems, a provider of distributed ledger-based post-trade solutions for capital markets, has appointed Alex Knight as head of EMEA, based in London.
Knight spent the last 18 years at Citi, where he held various senior positions in the UK, Asia and Australia, and worked in the bank’s FX prime brokerage business, where he held global responsibility for sales and client coverage.
Prior to Citi, he was head of European sales at SS&C Technologies, a multinational financial technology company.
“Alex’s wealth of knowledge and deep connections with broader banking and financial institutions in Europe will be instrumental in helping Baton to automate the movement of assets across the financial system,” says Andres Choussy, president and COO at Baton Systems.
He adds: “Baton is at a crucial stage of its growth and Alex’s experience across FX and derivatives markets will enable us to more quickly build on the company’s platform that has already established a strong reputation in the European market.”
Kinght comments: “Excessive funding costs, operational inefficiencies, and risk all create a significant drag on financial markets participants. Technology can be used to mitigate these pressures. Baton has evolved as one of the industry’s most innovative financial technology firms, solving inefficiencies in legacy payments systems in a practical way, and I look forward to driving the expansion of its business in Europe.”
Baton currently has offices in California, New York and India. Once the office in London is open, the firm plans to expand into Singapore in 2021.