Australian-based Metamako, a provider of latency devices and solutions for the trading industry and exchanges, has undergone an expansion of its leadership team, adding industry veteran, Kevin Covington as its newest Chief Executive Officer (CEO) with immediate effect, according to a company statement.
Mr. Covington joins the group after a lengthy and decorated career in the fintech industry. Earlier this year, Mr. Covington joined Velocimetrics as its senior advisor. Additionally, has held senior level or advisory roles to a multitude of venues, including Change Alley Limited, TechStars, Level39, BLC Research Advisors, and others. He originally joined Metamako back in early 2015 as its Director, according to information made public on his Linkedin profile.
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According to Dave Snowdon, founder and Chief Technology Officer (CTO) of Metamako, in a recent statement on the appointment, “Metamako has come along in leaps and bounds since Charles Thomas, Scott Newham and I set it up in 2013. With more than 60 clients around the world, it’s now reached a size which requires the expertise and experience of someone of Kevin’s stature to help manage the growth and take the company to the next stage.”
“Kevin has been working with us as an advisor since the end of 2014, but it’s now the right time for him to take on a more formal, extended role. Kevin has already made a huge contribution to the business and we are all very much looking forward to working together on scaling the business towards ever-greater successes,” he added.
“I’ve been working with Metamako in an advisory role, helping the business transition from a start-up to a rapidly-growing enterprise. Not only are we adding to our list of clients at an astonishing rate, we have also gone way beyond our original target market of predominantly HFT clients, to include sell-side firms, telcos and exchanges such as the ASX. We expect to double the size of the business this year, so it’s a phenomenal time for taking on the CEO mantle,” noted Mr. Covington, in an accompanying statement.