BTON Financial has appointed electronic trading expert, Ray Tierney, as Non-Executive Director.
Tierney will be responsible for shaping the direction of the independent, broker-neutral dealing desk technology firm that targets investment managers.
The non-executive director is also expected to help to expand BTON Financial’s U.S. footprint and bring its technology and data-driven dealing desk solution to the global investment management community en masse.
Tierney joins BTON after playing a number of leadership roles in top firms within the industry, including Global CEO of Trading Solutions at Bloomberg LLP. There he oversaw 600+ employees across 3 business units and all aspects of the firm’s OMS business, including product innovation, sales, and strategy.
Prior to Bloomberg, Tierney served as Global Head of Trading and Execution for Morgan Stanley Investment Management.
Ray Tierney, Non-Executive Director at BTON, said: “I am looking forward to working with BTON Financial’s team as it pursues its expansion plans in the U.S. The industry is evolving rapidly and is now ready for cutting-edge data-driven technology to both reduce friction in the trading process and retain alpha.
“Cost pressures are at an all-time high and asset managers are ready to implement and adopt innovative financial solutions such as ours. BTON Financial makes it straightforward for investment managers to automate workflows and connect to all brokers through its proprietary Smart Broker Router, which is driven by machine learning, data and analysis to both provide and evidence best execution.”
Dan Shepherd, CEO & co-Founder at BTON, said: “We are delighted to be joined by Ray in an advisory capacity. He brings tremendous expertise and specific industry knowledge to help us grow our business. Ray’s pedigree as an industry leader, driving product innovation, sales, and strategy within electronic trading capabilities will be invaluable as we scale up and expand our footprint into North America to meet the considerable industry demand.
“We have made a number of strategic hires over the past months as the investment management industry is waking up to the potential that our technology can offer to automate workflows and evidence best execution to really add a great deal of value to the trading function at asset managers.”
As the community of investment managers progressively adopt electronification and workflow automation for better results regulatory compliance, BTON has found greater demand for its broker-neutral insourced dealing desk technology.