Technology solutions provider Kinetix Trading Solutions, Inc., has recruited Paul Puskuldjian as its newest Chief Operating Officer (CEO) in a move to help foment greater growth in its capital markets business.
Mr. Puskuldjian will help steer US-based Kinetix Trading Solutions, which has been pushing its deployment of its component-based software, Monaco. He joins Kinetix after three decades of experience in executive level roles across some of the industry’s leading financial institutions.
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Mr. Puskuldjian joins Kinetix from Citi, where he worked as the global head of capital markets middle office. Prior to this he also worked at Lehman Brothers in a similar role.
According to Mr. Puskuldjian in a recent statement on the appointment, “In today’s environment with narrowing spreads and more regulation, firms large and small must be smart about the way that they deploy and use technology. Investing prudently in technology infrastructure will reduce headcount and redundant system costs over the long run and offer clients an improved post-trade experience. Kinetix is well positioned to offer technology solutions that will improve a firm’s processing infrastructure and reduce their costs.”
“I am thrilled to be working again with Paul. He has been in the clients’ shoes and has the industry experience to identify areas of optimization within organizations. He will partner with our clients in rolling out Monaco, which adopts a best of breed approach, where firms can leverage technology they like while eliminating legacy systems, getting to the end state in a fast and cost-effective way,” added Amit Karande, Kinetix CEO and Founder, in an accompanying statement.