New York-based OpenFin, a provider of HTML5 runtime technology for the financial industry, today announced the appointment of Adam Toms as CEO of its European operations.
Mr. Toms joins OpenFin from Instinet Europe, where he served as its CEO for more than four years. Prior to that, he worked for Nomura International as Managing Director and Co-Global Head of Electronic Trading. Adam joined Nomura following its acquisition of the European assets of Lehman Brothers. He headed the firm’s European Portfolio and Electronic Sales Trading desk.
Earlier in his career, Mr. Toms worked as an equity trader at Barclays Global Investors in London. His mandate with OpenFin will be to oversee all European operations from its offices in the City, which “acts as an equal headquarters to the founding office on Wall Street in New York,” according to the company.
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Adam will tap his extensive experience to provide guidance and insight to the group, which has honed its focus on technology and developments in the capital markets industry. His appointment comes during an important juncture for OpenFin, which is not only coming off a recent funding round, but also embarking on several projects, including the sourcing of its core technology, among other developments.
Set up in 2010, OpenFin has grown to serve the world’s largest banks and trading platforms including BNP Paribas, Citigroup, HSBC, ICAP, JP Morgan and RBS, which now use OpenFin to deploy applications both in-house and to over 250 buy-side and over 40 sell-side customers.
Commenting on his appointment, Mr. Toms said: “OpenFin is one of the biggest, and most necessary, innovations in financial desktops over the past 20 years. They have widespread backing from most major banks and industry heavyweights who recognize OpenFin’s operating system as the backbone on which we can build the future of finance.”
OpenFin CEO Mazy Dar added: “With Adam’s track record at Instinet and the stellar reputation he has earned in our industry, his arrival is a significant signal to the market place that OpenFin OS will be the solution that unifies global capital markets in a single, secure, and interconnected ecosystem. While we were born on Wall Street, the reality is that we are solving problems across capital markets globally, and see just as much, if not more, demand for OpenFin in Europe.”