Baton Appoints Ex-FIA Chair Jerome Kemp As President

Baton Systems has appointed Jerome Kemp as President at a crucial time as demand for fully digital market infrastructures across the entire post-trade process accelerates.

The DLT-powered fintech for assets and settlements is welcoming the industry veteran with 35 years’ experience in scaling businesses in the cleared derivatives space.

His track record of driving innovation to deliver transformational impact includes his most recent role, where he was Global Head of Futures, OTC Clearing, and FX Prime Brokerage at Citi. There, he built the cleared derivatives business to a position of global leadership.

From 2018 to 2020, he was Chair of the Futures Industry Association (FIA) Board from 2018 to 2020. His thought leadership skills were most needed in that role as he shared his vision on how the market’s infrastructure needs to be transformed.

Kemp has also spent 18 years at J.P. Morgan, where he rose to Global Co-Head of the Futures and Options and OTC Clearing business.

At Baton Systems, he will lead the firm’s growth across markets, leveraging valuable international experience gained in senior leadership positions held in Paris, London, and Tokyo during his career.

Arjun Jayaram, Founder and CEO of Baton Systems, said: “I’m delighted that Jerome is taking up this leadership role at such a crucial time for Baton. Having a practitioner with Jerome’s exceptional calibre, wealth of experience and vision helping to drive Baton forward will prove invaluable as we scale to meet market needs – it will ensure we continue to place our clients at the very core of all we do. I look forward to working with Jerome to accelerate our growth plans globally.”

Jerome Kemp, President at Baton Systems, commented: “Baton is delivering today what I believe will become the new global standard for payments and settlements – it’s hugely exciting and I am proud and humbled to have been asked by Arjun to step into this leadership role. Today, post-trade processing is slow, opaque, restrictive, and costly. Baton is revolutionising the entire front to back process, from trade matching through to settlement – allowing settlement participants to take control with automated workflows, access to real-time information, and on-demand settlement. Baton is ultimately defining the infrastructure that will underpin the markets of tomorrow.”

The firm, which aims to mitigate operational and settlement risk, reduce capital usage, and address intraday funding requirements, has recently appointed former Basel Committee Secretary General, William Coen, as a Senior Advisor.

Baton Systems features an impressive line-up of industry leaders, including former CFTC chairman, Christopher Giancarlo, and Citi’s former Global Head of Futures, OTC Clearing, and FX Prime Brokerage, Jerome Kemp.