Leverate, a technology provider specialising in brokerage solutions for the financial services industry, today announced the appointment of Nir Shem-Tov as the company’s new Chief Operating Officer (COO).

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News of the appointment comes less than a week after the company announced the departure of the group’s former COO and Vice President Product, Eitan Bar-On, who parted ways with the company to explore a new direction.

Nir Shem-Tov was previously COO of platform-solutions provider Websplanet, a role he held for 5 years in which he was responsible for leading the company’s technology and operation including overseeing R&D, product, customisation, implementation, QA and training together with customer and pre-sales support.

Prior to his tenure at Websplanet, he was VP of Delivery at Amdocs responsible for leading change and the major restructuring of the company’s delivery and R&D functions.

“Leverate is adapting to changing market”

According to Shem-Tov in an exclusive statement on the appointment to Finance Magnates: “I am excited to join Leverate in a capacity that can truly make an impact. Managing critical teams in the company while sitting on the Executive is a bit like jumping in the deep end, but it is a challenge that I relish. I have joined an excellent company with an excellent team. Seeing the vision for the future and how Leverate is adapting to changing market is a unique opportunity that I am very optimistic about.”