Fresh from a $17 million fundraising round, capital markets apps platform OpenFin has appointed former Goldman Sachs MD, Tim Dinsdale, as European chief technology officer.
Last week's working capital rise was led by Barclays and Wells Fargo and topped up with contributions from existing investors JPMorgan Chase, Bain Capital Ventures and Pivot Investment Partners.
Reporting to OpenFin’s president and COO, Chuck Doerr, Dinsdale will be responsible for leading the firm’s technology efforts across the region, expanding OpenFin’s London-based development team and driving its desktop services initiatives globally.
Says Dinsdale: “Having spent 15 years at Goldman Sachs, I am keenly aware of the value of fintech collaborations in speeding up go-to-market strategies and allowing large institutions to focus on their core competencies rather than the infrastructure that makes it happen. OpenFin is already working with 22 major banks to help them solve business challenges and support their digital transformation strategies and I am excited to be part of this journey.”
During his 15-year stint at Goldman Sach, Dinsdale worked in a variety of technology roles in the front and middle office across the Equity Structured Products Desk, the Core Strategies Group and the Enterprise Platform Group. Before entering financial services in 2003, Dinsdale worked in the gaming industry as a Software engineer for Sony Computer Entertainment Europe and as a C++ Developer for video game developer Kuju Ltd.
Founded in 2010 by former ICE executive Mazy Dar and Chuck Doerr, OpenFin provides a foundation for banks to more easily upgrade desktop applications across front and back office functions. The company says it currently supplies more than 1000 desktop applications to more than 1500 buy-side and sell-side firms.
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