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|Demica appoints Chief Technology Officer|
|Wednesday, 31 August 2016|
Demica, the specialist provider of working capital solutions to major corporates and banks, is pleased to announce that it has appointed Daniel Kustrin as Chief Technology Officer.
In his new role, Daniel will be responsible for the firm’s technology needs, including overseeing the growth and development of Demica’s proprietary platform that enables the financing of over $50bn of trade receivables each year. He will play a key role in the growth of the firm as it invests significantly in new product development in response to strong client demand.
Daniel joins Demica from Cardano Risk Management where he was Global Head of Technology responsible for development and infrastructure across locations in the UK and the Netherlands. He was previously Global Head of Quant, Derivatives and Risk Technology and before that spent nearly 10 years at Barclays Capital in a variety of technology roles. He will report to CEO Matt Wreford.
Daniel’s appointment continues Demica’s ongoing development as working capital solutions provider to large multinational corporates. Its platform manages high volume receivable finance transactions, trade receivable securitisations and supply chain finance projects for major global corporations and banks. In June, it announced that it has been mandated as Lead Adviser on over $1bn of new live transactions, while multiple key new appointments have been made in origination and structuring to support this growth.
Matt Wreford, CEO, commented, “We are pleased that Daniel has joined us at this critical time for Demica’s development. As we further increase the value and volume of the trade receivables being managed by the platform, our robust technology and infrastructure will play a key role in providing the services needed by our customers.”
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