A prominent Cyprus-based prime broker has appointed a new Director of IT Operations, marking a significant step in a broader strategy aimed at enhancing its technological framework. The new director, who has over 20 years of experience in the IT sector, will focus on the organization’s hybrid infrastructure, cloud transition, and automation initiatives. This role involves significant responsibilities such as monitoring, production support, DevOps, service desk operations, infrastructure management, process automation, and overseeing IT projects.
The recent hire is part of a series of executive appointments made this year. Notably, the organization also welcomed a former Deutsche Bank executive as the Head of Risk earlier in May. This new hire brings extensive experience in credit, liquidity, operational, and market risk, supporting the firm’s plans to expand into derivatives and options trading.
Additionally, the firm has appointed a regional head for East Asia, aimed at bolstering growth in that market. With a solid background in financial services, this executive has previously worked with several well-regarded banks and financial institutions. These strategic hires reflect an ongoing initiative to modernize the firm’s technological infrastructure and operations.
The firm operates in more than 50 markets and offers upwards of one million tradable instruments, which necessitate a sophisticated IT framework to ensure operational performance and reliability. The latest executive emphasizes that the addition of seasoned professionals is a testament to the company’s resolution to invest in a world-class technology platform. The new director’s leadership is seen as key to improving operational resilience and scalability, aligning with the company’s global growth objectives.
In conjunction with the emphasis on technological enhancement, the firm has also been expanding its geographical reach. For instance, it opened an office in Dubai’s International Financial Center last year, targeting clients in the Middle East while also maintaining its presence in financial hubs like Hong Kong and London, where it aims to cultivate its institutional client base.
When it comes to the new director’s professional background, he has worked extensively within high-demand IT environments at several Russian financial institutions, gaining experience in executing large-scale technology transformations that are vital for the firm’s future strategy. In his new position, he will oversee critical projects on cloud transformation and automation, helping the organization to scale operations specifically tailored for institutional clients.
As the firm continues executing its plans to modernize and expand, these strategic appointments are indicative of a focused approach to addressing both technological and operational challenges. This aligns with its overarching goal of maintaining competitive strength in the rapidly evolving financial services sector.