Capitolis has appointed Murugan Manickam as Chief Technology Officer after 17 years at Bank of America, bringing a senior dealer-side technology executive into a fintech serving banks across many of the same markets.
From Bank Technology to a Bank-Facing Fintech
Manickam will report to Okan Pekin, President of Capitolis, and lead the company’s global engineering organisation as well as its data and artificial intelligence strategy. Capitolis said the remit covers technology execution intended to support its continued growth.
“His experience and vision will be invaluable as we continue to innovate and expand our platform,” Pekin said.
Manickam most recently served as Managing Director and Global Head of FICC Macro Trade Management and Emerging Markets Technology at Bank of America. During his tenure, he led technology initiatives across foreign exchange, fixed income, credit, rates and emerging markets.
He has 28 years of technology leadership experience, largely in financial services, and previously held positions at Merrill Lynch and General Reinsurance.
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The move takes Manickam from the technology organisation of a global dealer to a provider building infrastructure for banks and institutional investors. His knowledge of dealer workflows may be useful in areas such as bank integrations, product requirements and system resilience.
Capitolis’ Portfolio Optimisation business covers FX, rates and credit, with products intended to reduce capital, funding and operational costs. The company has previously reported serving more than 100 financial institutions.
The appointment announcement did not identify Bank of America as a Capitolis client or disclose a commercial relationship between the companies.
A New Level of Technology Leadership
Capitolis did not name a predecessor for Manickam or describe the CTO position as newly created. However, the release explicitly said Amos Arev would remain with the company after leading its engineering organisation and technology strategy for the past seven years.
Arev joined Capitolis in 2020 as Vice President of Engineering and currently holds the title of Executive Vice President, Head of Engineering and General Manager, Israel.
Capitolis says he is responsible for scaling engineering globally and developing its next generation of products and services.
The arrangement leaves Capitolis with two senior technology roles: Manickam has the CTO mandate covering global engineering, data and AI, while Arev retains his engineering and Israel leadership titles.
The company did not disclose whether Arev will report to Manickam or how they will divide responsibilities.
