Finance Magnates learned on Thursday that Stephen Wolff has been appointed as a strategic advisor at Cobalt.

The firm, which provides post-trade services to the foreign exchange (FX) market, said that Wolff would be helping develop a global business growth strategy.

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“Stephen has a wealth of specialised experience in the fintech industry and is a trusted advisor to many financial services firms,” said Cobalt co-founder Adrian Patten.

“We are pleased to welcome him on board and look forward to working with him as Cobalt enters its next stage of evolution in FX.”

From DB to R3

Wolff has already been working, intermittently, with Cobalt in an advisory role since June of last year.

Alongside his work with the FX technology company, Wolff has been advising blockchain consortium R3 and electronic trading firm TransFICC.

He is also an executive in residence at Aquiline Capital Partners – a private equity firm that invests in financial technology and services.

Cobalt’s new strategic advisor made a name for himself in the trading world at Deutsche Bank.

For over five years, he was a managing director with the German company and worked as head of strategic investments.

Wolff got started in the financial services world at Deutsche Bank too, trading G7, emerging market interest rate and FX derivatives for the firm.

“I am delighted to be joining the Cobalt team during an exciting time for the company and the FX industry as a whole,” said Wolff, commenting on his new appointment.

“The market is experiencing an unprecedented period of evolution, not least in the post-trade space where new technologies are fast-replacing the outdated infrastructure of yesterday. Cobalt is at the forefront of this modernisation of the middle and back office.”