Drawbridge Recruits Scott DePetris as Its President and COO

Drawbridge announced that it has recruited Scott DePetris as its new President and Chief Operating Officer, effective from June 2021.

Finance Magnates recently learned in a press release that Scott DePetris, a recognized Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term industry visionary with two decades of leadership experience, has been named by Drawbridge, a first-rate cybersecurity software and solutions provider, as its new President and Chief Operating Officer. Also, he has joined its Board of Directors.

DePetris brings more than twenty years of extensive executive leadership, go-to-market and operational expertise from the fintech industry. His experience and knowledge will accelerate global expansion, expand its technology suite and deliver superior customer service. He will develop Drawbridge’s global strategy and drive business operations to meet new client and market requirements. Additionally, he will continue to scale the business through its current period of hyper-growth.

Drawbridge mentions this news parallel to its rapid expansion to meet growing global client and market demand. Currently, alternative investment firms face the ever more complex threats and regulatory landscape in the fintech industry. Thus, these investment firms need a company that understands those specific cybersecurity challenges. Drawbridge provides a platform that empowers clients to combat modern cyber threats and protect against third-party and supply chain risks.

Turning Back to Look at DePetris’ Vocation

Concurrently, DePetris is an Executive Advisor and Board Member for Broadway Technology, a Board Member at Salt Financial, and Chairman for YPO. Additionally, he has been an Operating Partner at Long Ridge Equity Partners for two and a half years.

As an active philanthropist, he serves as a Board Member for LSA Family Health Services. He is also a Director at Domus Kids, Inc.

Earlier, DePetris served Broadway Technology as its Chief Operating Officer from February 2018. For almost three years, he contributed to the organisation's success with offices in New York, Austin, London and more.

Moreover, at LSA Family Health Service, he was Chairman of the Board of Directors from May 2015 to Jan 2019.

Further, at Portware, he fulfilled the requirements as President and Chief Operating Officer for almost sixteen years. He led the development of the broker-neutral, auto-trading software for global Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, futures, options, FX and fixed income.

Also, he served as a Board Member for Dekania Acquisition Corporation for just over two years. Before that, he served as Co-Founder and Senior Vice President of ExchangeLab Inc., in January 2000. Earlier on, he was a specialist in equity derivatives at Goldman Sachs and traded energy commodities at ICAP, plc.

Accelerate Its Global Expansion

Recently, Drawbridge filled executive appointments, including Darrell Tucker as MD of Client Services, and Simon Eyre as Chief Information Security Officer. In addition, it secured a growth equity investment from Long Ridge Equity Partners in early 2021.

Commenting on the announcement Jason Elmer, Founder and CEO of Drawbridge said: “Drawbridge has always been focused on providing our clients the best software, services and industry expertise to manage their critical cybersecurity programs, and we’re thrilled to have a leader of Scott’s stature join our Executive Team and Board of Directors to extend that legacy. Scott’s proven track record driving go-to-market strategy and operational excellence for high-growth companies will be invaluable to us as we accelerate our global expansion, expand our technology suite and continue delivering exceptional customer experiences.”

DePetris stated: “Drawbridge has experienced a remarkable period of technology innovation and customer success and proven itself as a trusted partner to alternative investment firms as they strive to navigate today’s increasingly complex threat landscape. The market opportunity in front of Drawbridge is immense, and I’m excited to join the company as we continue this period of hyper-growth. I look forward to working with Jason and the exceptional Drawbridge team to advance our business strategy, further grow our global footprint and continue to raise the bar for cybersecurity software and service excellence.”