Cobalt, the post-trade service provider to forex market has promoted Darren Coote as its Managing Director and has appointed Anoushka Hampton as Head of Sales.
Darren Coote has been working with Cobalt since 2017 as a strategic advisor and will now have added responsibility for the day to day running affairs of the company. Darren’s promotion comes at a time when Cobalt has been looking to significantly scale its business.
Coote brings over 25 years’ experience in FX and has held a number of high profile roles running global Fx trading and e-Fx businesses at UBS. He has also worked at Lloyds, served at FX boards and committees including the Bank of England’s FX Joint Standing Committee and EBS’s executive board.
Anoushka Hampton, currently based in New York and will move out to London for her new role at Cobalt. The information was made public on her LinkedIn profile. Most recently, she was forex sales specialist at Nex Group’s Traiana for almost two and a half years. Prior to this Hampton was a Sales Director at smartTrade Technologies at New York and joined the firm in November 2015, but worked for the extremely short duration of time. She began her career with HSBC in 1997 on the forex prop desk until 2000 when she moved onto UBS on the forex spot desk and worked until 2004.
Adrian Patten, Co-Founder and Chairman of Cobalt, commented:
We are very pleased to welcome Darren to our fast-growing team. He brings invaluable expertise and market contacts. We are confident he is the right person to lead Cobalt as we prepare to go into full production later this year.
Darren Coote said:
Having worked in FX for over 25 years, I have seen first-hand the negative impact that aging, inefficient legacy technology is having on market participants and their bottom line. As the industry gets increasingly competitive and margins shrink, it’s important for institutions to save money and mitigate risk wherever possible.
Cobalt is a unique solution which solves an urgent need for participants by creating a shared FX post-trade back office utility, significantly reducing risk and cost by 80%. I’m excited to play a key role in Cobalt’s development as we prepare to go live this year and reengineer the FX market from the ground up.