AxiomSL Names David Weber as its CFO and COO

AxiomSL, a provider of regulatory reporting, data, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions, announced this Tuesday that it has hired David Weber to take on the role of Chief Operating Officer (COO) and Chief Financial Officer (CFO).

Weber takes on the role of CFO from Eyal Amsalem who has been the CFO of AxiomSL since 2008. Amsalem will be moving to the role of Chief Administrative Officer and will help lead initiatives to manage the global presence of AxiomSL in North America, EMEA, APAC, and Latin America, the statement said.

Weber joins AxiomSL from Charles River Development (CRD), a provider of investment management and trading solutions. Here, he also held the role of CFO from 2006. He brings with him more than three decades worth of experience in financial management and operations.

The career experience of Weber spans across multiple sectors. His management experience, in particular, has varied across finance, accounting, human resources, legal and general operations of the business. At CRD, he also helped with the company’s recent sale to State Street Bank and Trust Company.

Commenting on the appointment, Alex Tsigutkin, the Founder and CEO of AxiomSL said: "We’re thrilled to welcome Dave to AxiomSL as the new COO and CFO during this important expansion period."

“Dave’s unique experience and skilled leadership in the financial technology sector is a great addition to our management team. His deep financial, operational and strategic expertise will enable him to immediately make a strong contribution and drive continued momentum as we enter this phase of growth.”

Before joining CRD in 2006, Weber was based at Sybase Inc. While employed at the firm he held a number of roles including Vice President of Worldwide and International Field Operations Finance; Senior Director of Professional Services; and Director of Operations.

AxiomSL appointment marks Weber’s third time as CFO

During his career, according to his LinkedIn profile, Weber has held the position of CFO three times, including his most recent appointment. The first time he held that role was at Context Integration, a software consulting company.

“I’m honored and excited to join AxiomSL, an organization with an outstanding reputation as a global leader of regulatory-reporting, risk and data management solutions. The company’s growth over the last few years has been exceptional, and I’m incredibly energized to help lead AxiomSL in its journey to grow, scale and meet the market demand,” added Weber.