Baton Systems has appointed Aaron Ayusa as Director of Client Success. As the name of the role implies, he will help customers solve FX-related issues and develop bespoke FX products.
Ayusa will be based in New York and report directly to Baton’s Head of Business Development, Tucker Dona.
With over a decade of experience in the FX space, both in settlements and automation, Ayusa joined Baton Systems from Credit Suisse, where he worked for ten years.
At Credit Suisse, Baton played a number of roles, most recently AVP, Cash Products and Metrics Analysis, and oversaw various global FX initiatives and process improvements through robotics and technology. Prior to this, Aaron held roles as a senior analyst for prime swaps and senior analyst for FX operations.
Aaron Ayusa also played an important role as Credit Suisse representative on various industry forums and working groups, including the FX Operations Managers Working Group (FX OMWG).
Tucker Dona, Head of Business Development at Baton Systems, said: “Having Aaron’s knowledge and expertise in the FX space is critical to reinforcing Baton’s mission to reform how payments are made in the world’s largest financial markets. As we continue to expand our client base, Aaron will be instrumental in supporting our customers and expanding our product offering.”
Aaron Ayusa, Director of Client Success at Baton, said: “The FX settlement process for banks has always been challenging, especially when settling FX transactions in real-time and across jurisdictions. I’m excited to join Baton, which is leveraging distributed ledger technology to disrupt the FX settlement process in a more efficient manner, reducing risk and increasing visibility of funding sources and obligations to better manage liquidity.”
Baton is continually supporting its growth in the FX space by reinforcing its leadership team. Most recently, the firm hired Jerome Kemp as Senior Advisor, and Philip Corryn as Director of Sales, North America. In 2019, the company appointed Alex Knight as Head of EMEA.
In 2019, Baton Systems has raised more than $12 million in a Series A investment round in order to increase processing times and efficiencies within the $2 trillion global payments market.
The funding was used to support the global deployment of Baton’s blockchain-inspired, bank-to-bank payments infrastructure. At the time, Baton’s tech had been deployed at three of the world’s top ten global banks, as well as multiple exchanges and clearinghouses, which has resulted in the processing of more than $12 billion each business day in payments between market participants and clearing house counterparties.