Stefano Vaccino joins Algomi as sales manager

Source: Algomi

Algomi, the provider of information-matching solutions to optimise fixed income liquidity, has appointed Stefano Vaccino as Sales Manager to join the expanding European Sales team.

Stefano will work with newly appointed Head of European Sales, Neil Murray, in strengthening the firm's European sales and marketing. Based in London, he joins Algomi from Goldman Sachs where he was an Executive Director in the Credit Sales team. Previously, he was in equity derivatives at J.P. Morgan.

As regulations such as Basel III come into effect and banks are unable to take on the principle risk from fixed income trades, given the capital charges this would impose, Algomi is working with customers to help them develop their businesses and evolve to operate within the new market structure. The firm allows dealers to centrally organise, process and distribute its liquidity flows, so that trade opportunities are prioritised and pushed to the appropriate sales people on a per trade basis. This allows firms to service client trades in a strategic and coordinated effort, delivering the best service and balance sheet visibility.

"Against a regulatory backdrop that places severe constraints on banks' balance sheet, Algomi is the firm that has the expertise to leverage the real time information banks are exposed to but rarely use and transform a banks approach to fixed income trading," said Stefano Vaccino, European Sales Manager, Algomi. "I look forward to working with the growing European team to deliver an innovative solution to the market at a time when it is needed the most."

Originally from Italy, Stefano holds a B.Eng. in Information Engineering and a M.Eng. in Micro and Nanotechnology for ICT with Honours, studying at the Politecnico di Torino (Italy), INPG (France), EPFL (Switzerland) and Massachusetts Institute of Technology (USA).

"Stefano's technology background and experience of working in the credit space at tier one banks will support the existing European team in positioning Algomi as a trusted partner to help clients change their current approach to trading fixed income and credit products. In an increasingly challenging environment, we are well placed to help banks optimise their balance sheet and truly transform their fixed income businesses to become focused on information management," added Stu Taylor, CEO, Algomi. 

Comments: (0)