BTON Financial, a London-based independent outsourced dealing desk for asset managers, has appointed two senior executives to its management team, the firm announced today.
Experienced hedge fund CTO, quant strategist and trader, Charles Phan, joins BTON Financial as CTO to drive the firm’s technology strategy and delivery.
Caroline Holmes, a regulatory expert and change management specialist with extensive asset management experience, moves to her new Head of Business Development role to act as a conduit between clients, technology and sales teams to enable swift and informative onboarding for asset managers.
The two hires support the firm’s growth ambitions, drive the adoption of its independent outsourced dealing desk within the asset management community and respond to increasing demand for its offering.
Adding extensive industry experience
Prior to joining BTON Financial, Phan spent over 15 years in the hedge funds asset management industry and financial markets.
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Phan was CTO at crypto exchange Interdax, where he deployed an ultra-low latency matching engine supporting both institutional and retail clients.
He has held senior technology tenures at hedge funds, with responsibility for full stack development of distributed automated trading systems, and has traded instruments across several asset classes.
Asset management professional Holmes brings more than two decades of experience to her new role, having worked with many investment managers such as Columbia Threadneedle, Principal Global Investors, BT Pension Scheme Management, Hermes and BMO GAM. She also worked as a Senior Programme and Change Management Consultant at PwC.
As a MiFID II and Brexit regulatory expert, Holmes has a wealth of expertise in market structure change and its impact on organisational requirements.
“We have seen increased demand for its outsourced dealing desk services as a result of recent events, their impact on the market and on operating models. The asset management community is evaluating workflow automation and innovative ways to execute their trading strategies, increasingly calling on us to support their efforts to automate, maintain a competitive advantage and deliver returns to their end clients,” Dan Shepherd, CEO and Co-Founder at BTON Financial, says.