Instimatch Global Bolsters Executive Team with Two New Hires

Instimatch Global, a digital network for institutional money market lending, has announced it has bolstered its executive team with two new hires. Daniel Sandmeier has been appointed as the company’s Chief Executive Officer, and Michael Schmidt has become the Executive Chairman.

According to the statement, the main focus for Sandmeier and Schmidt is to grow the company’s digital network of borrowers and lenders. This includes bank treasuries, corporate treasuries, pension funds, insurance companies, asset managers, family offices, and municipalities. In addition, they were also hired to build on the firm’s presence in Switzerland, Germany, Benelux, the UK and drive international growth.

Commenting on the new hires, founder and member of the board of directors for Instimatch Global, Hugh Macmillen said: “These appointments bring the breadth of institutional and 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 experience we need to scale Instimatch Global effectively.

“The fintech revolution has yet to impact the money market world in which I made my career, and in establishing the firm I recognised the opportunity for fundamental innovation. Instimatch Global has been up and running with a growing client base for over a year now, and we’ve found the key people to accelerate our growth.”

Daniel Sandmeier

Sandmeier joins Instimatch Global with extensive experience in the finance industry. Previously he worked at Credit Suisse from 2004 to 2016. His most recent position at the bank was Head of Managed Accounts. He has also held positions at UBS and Merrill Lynch. According to his LinkedIn, Sandmeier is currently a member of the board of directors for Canica Holding AG and Canica International AG.

In the statement, Sandmeier said he was delighted to lead Instimatch Global: “Bank balance sheet constraints and a reliance on traditional methods of price discovery and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term have amplified structural problems in the money markets.

“As we talk to a wide range of market participants, we’re finding great interest in our digital network, which gives treasurers broader trading connections across industries and geographies, increasing choice and diversifying counterparty risks.”

Michael Schmidt

Schmidt also joins the team with solid experience in the finance and banking industry. He’s held senior fixed income roles at Deutsche Bank and UBS. Most recently, he co-founded Algomi which is a bond market intelligence firm.

Schmidt also commented on his new role: “new fintech solutions continue to enhance financial markets, but the potential for new technology has not yet been realized in money markets.

“Instimatch Global delivers an alternative that provides better access to markets and pricing across borders, not just within them, and I believe my background will be helpful in stimulating large institutions to make the leap to a more digitalized approach.”