Institutional FX technology provider, Caplin Systems, announced today that John Ashworth was appointed as its new Chief Operating Officer.
Mr. Ashworth will be based in Caplin’s London office and will be in charge of the firm’s global sales and marketing. He brings to the role 30 years’ experience in the technology industry having worked with IBM, FENICS, GFI, Apama, FXall and most recently Thomson Reuters.
Explaining why he chose to join the firm at this time, Mr. Ashworth said: “Advanced trading GUIs of the kind designed on Caplin’s platform are among the most appealing applications built in HTML5. I am excited to be part of an organization that really understands trading workflows and one that is perfectly positioned to help large and small banks make their e-channels even more efficient.”
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Mr. Ashworth joins at a pivotal time for the company, which in December 2013 announced the launch of Caplin Direct, a hosted, managed service designed for banks that want a custom FX single-dealer platform. He commented: “The evolving global regulatory landscape has diverted management attention and budget away from e-channels for some time, but banks know they must prioritize their customers, either to improve service or avoid disintermediation.”
Mr. Ashworth will work to maintain Caplin’s close relationships with its tier one banking clients, and also looks to build on Caplin’s track record in developing e-distribution facilities for tier two and major regional banks such as Nomura, Standard Bank and UniCredit.
“We are very excited about what John will bring to Caplin,” said the CEO, Paul Caplin about the announcement. “He’s an entrepreneurial and exceptionally talented leader with a great track record and a deep understanding of our market. The past couple of years have seen an unprecedented surge in single-dealer platform activity, and with John’s help we can continue to scale our operations to meet the demand for outstanding e-distribution facilities across all asset classes and client segments.”