Wematch appoints first US sales rep 21 May 2020London Reporter: Natalie Turner
Image: Jane Mann
Wematch has hired its first US-focused sales personnel ahead of the platform鈥檚 launch in the market in July.
Wematch is a global multi-asset-class, web-based matching and negotiation platform that aims to provide software-as-a-service technology to transform how traders match, negotiate and manage trades.
It is currently live across Europe, the Middle East and Africa (EMEA) and is set to become available in the US imminently.
In preparation of the go-live, Wematch has welcomed Jane Mann from FGC Securities, a US broker-dealer.
Mann has spent the past five years serving in institutional sales on equity derivatives and has developed a community of industry contacts that can be leveraged for Wematch.
She will now focus on onboarding dealers in the US in the lead-up to the launch of Wematch鈥檚 total return swaps (TRS) matching and lifecycle platform in July.
Mann has recently relocated from the US to the UK and will operate out of Wematch鈥檚 London office. She reports directly to David Raccat, Wematch co-founder and head of EMEA.
Raccat tells SLT that if the interest he is currently seeing from US clients continues after July he will look to open a New York office towards the end of the year.
鈥淲e are very excited to have Jane working with us and to bring her strong expertise of the TRS market in the US,鈥� Raccat says. 鈥淭he current traction in the US is amazing and we are on track to go live with our solution by 1 July.
鈥淭his is a major milestone for Wematch to become fully global.鈥�
The appointment comes shortly after Wematch to its trade optimiser covering TRS naturals trades.
In March, Wematch launched a new module in its securities financing platform which introduces a lifecycle management toolkit for TRSs.
This allows users to import TRS trades into the platform to run a series of lifecycle and collateral optimisation actions with a 鈥渓ow-touch approach,鈥� Wematch says.
The new feature will further allow users to switch from financing to naturals along with a new set of optimisation rules which apply to this stream of activity.
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Image: Jane Mann 