Baton Systems, A California based fintech firm which provides on-demand blockchain based secure clearing and settlement services for capital markets recently revealed in an update that it has a new addition to its leadership team. As per the statement released by the firm, it has hired former Citi Group executive Mr. Alex Knight to serve as the head of its EMEA (Europe, Middle East and Africa) division. In his new role as head of the firm’s EMEA division, Alex will be based out of the firm’s office in London and will play a major role in the firm’s efforts to expand its footprint in European market. Alex is a veteran in financial service industry with twenty seven years of experience with successful career history and high level of expertise in wide array of financial services and products namely, Foreign Exchange, Clearing, Investment Banking, Electronic Trading, Fixed Income, and Derivatives. Alex began his career in financial services industry as Sales Manager at CRU, a UK based trading services provider which specialised in commodities – rare metals, mining and fertilizer handling the firm’s clients from Asian and Australian markets.
He also served as Sales Manager at DST International and as Director of sales at SS&C Technologies. However, he spent significant part of his career as part of US based multinational banking service provider Citi Group where he served in multiple roles for 18 years. During his multi-decade long career with the US lender, he served in leadership roles based out of Sydney and Singapore. He then moved on to London where he then played a key role in development of the firm’s Forex Prime Brokerage business division. At time of his resignation from the firm, he had been serving in capacity of Global Head of Sales and Client Coverage for Forex Prime Brokerage business unit and had been serving in this role for last four years. His appointment at the US based blockchain tech firm comes during a critical phase when the firm is focused on global expansion and he is expected to help with the company’s efforts to boost adoption of its blockchain based payment infrastructure in industry leading firms, major global banks and clearinghouses which are based out of Europe.
Commenting on his new role at the firm, Alex said, “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”. Speaking about Alex’s addition to the firm’s leadership team, Andres Choussy, President and COO at Baton Systems said, “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. 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”.