Planixs
, the UK based liquidity service provider recently revealed in an announcement that it has made a new addition to its customer leadership team. As per statement released by the firm, it has hired Mr. Nick Applebee to serve as part of its customer leadership team effective immediately. The incoming executive is a veteran with more than 25 years of experience in the financial services sector having held senior-level roles at several major industry-leading firms and is an expert in collateral management and liquidity services. In his new role as a member of customer leadership team, Nick is expected to work towards growing the firm’s collateral capabilities. To those who are hearing about the firm for the first time, Planixs is a leading provider of real-time intra-day cash, collateral & liquidity management solutions and is headquartered at Greater Manchester with a branch office in USA.
Prior to joining Planixs, Nick held the positions of Head of EMEA Inventory Management and EMEA Head of Cash and Intraday Liquidity Management at Nomura International PLC. In these roles, Nick was responsible for managing the full trade lifecycle, optimizing collateral and intraday credit usage, managing the funding of the firm’s Depots and Nostro accounts (cash and securities) in real time and working with Treasury to ensure intraday buffers were sufficient and appropriate monitoring was in place. In addition, whilst at Nomura, Nick was a key individual in the development and implementation of the firm’s intraday liquidity reporting dashboard and payment control function. Before this, Nick spent seven years at Barclays PLC, undertaking the roles of EMEA Head of Intraday Liquidity Management and FI Product Management (Treasury Solutions). As Head of Intraday Liquidity Management, Nick was accountable for calculating real-time liquidity positions to manage the firm’s cash position at central banks, whilst managing minimum reserve requirements and monitoring liquidity requirements.
Nick was an early adopter of the Planixs Realiti solution suite at Barclays where Nick was a customer. As part of firm’s goal in boosting its collateral capabilities, Nick is expected to leverage his vast experience and knowledge from multi-decade long career and work with Planixs’ Sales, Customer and Product teams to help lead customer implementations and build out their Collateral proposition. Having spent most of his career in the banking and liquidity space, Nick is well-versed in the needs of Planixs’ target customers and how to deliver success across all functions including Collateral. Nick’s role will also see him provide support to Planixs’ Sales and Pre-Sales teams to further understand client and prospect collateral requirements. Planixs has experienced significant growth over the last 12-18 months, from securing an initial £3.5 million strategic investment from private equity firm BGF to adding to its product portfolio with Realiti Essentials (the company’s out-of-the-box treasury software for smaller banking firms) and to adding new customers in the UK, Europe, North America, whilst covering the operations of several large banking firms in the Asia/Pacific region. Collateral management is just one of Planixs’ growth areas for 2020 and having Nick on board will help the company meet its objectives.
Neville Roberts, Planixs’ CEO, comments: “Collateral is a major focus for Planixs in 2020. We have already seen great success with our existing cash and liquidity management and optimisation capabilities and having Nick on board will allow us to accelerate the ongoing development of our Collateral module and engage early customer adopters. Nick will also be a great addition to the Planixs Customer Leadership Team, helping customers implement and gain value from our market-leading solution suite. We look forward to Nick joining and working with him at this exciting time.” Nick Applebee comments: “I am really excited to join Planixs and contribute towards the growth of its Collateral capability and join the Customer Leadership Team. Planixs has the leading capability in the cash, collateral and liquidity management space today and I am thrilled to be joining such a talented team.”
