BOSONIC Names Paddy Boyle as Clearing and Derivatives Head

BOSONIC, a US-based crypto company, announced on Thursday the appointment of Paddy Boyle as the Global Head of Clearing and Derivatives. He is based in London and has already joined the company.

Boyle, in his new role, is responsible for building out the clearing capabilities for the company and enabling optimal institutional investor adoption with the growing demand for crypto derivatives.

“Bosonic has built a unique and much-needed platform, and I am excited to help build out the derivative and clearing functions of the business,” Boyle said in a statement.

A Stong Background

Boyle comes with a rich background in the financial derivatives market. His most prominent experience was with Goldman Sachs, where he worked for 16 years. There, he was a Partner and parted as the Global Head of FX Options and co-ran businesses on hybrid products.

Most recently, he worked as the Managing Director at LCH/LSEG and Global Head of ForexClear, LSEG's FX clearing service. There, he worked for almost five years but made a significant impact by increasing volumes 15 times.

His other industry experience includes roles as a Consulting Partner at Turing Experts, along with several FX market board and committee positions.

“We could not have asked for a more qualified individual to lead our charge into the fast-growing derivatives arena, and Paddy brings a vital new dimension to our offering and value proposition,” said BOSONIC’s CEO, Rosario Ingargiola, who Boyle will report to.

“Bringing on someone with his caliber and proven track-record to follow on from Jason joining us demonstrates our clear intent to be a leading player and the pent-up demand for what we have to offer.”