Grant Biggar joins Algomi
19 March 2014 | 1607 views | 0
Algomi, the provider of information-matching solutions to optimise fixed income liquidity, has named Grant Biggar as a Strategic Advisor, effective immediately.
Biggar, the former President of Creditex, has also made an investment in the company. His appointment comes follows Howard Edelstein's appointment to a similar role at Algomi.
As banks shift from risk to broker-like models in fixed income, the need to manage huge volumes of sensitive information has become paramount. Algomi enables banks to do this by creating real-time social collaborations internally and with end investors that identify the best trade opportunities.
With almost two decades' of experience in the interdealer credit derivatives market, Mr Biggar has spent much of his professional career in global credit derivatives businesses. From 2010 to 2012, he was President of Creditex Group, Inc. an interdealer broker for CDS and bonds and a wholly owned subsidiary of IntercontinentalExchange (ICE). Before that, Mr Biggar served as Managing Director and Head of Europe for Creditex, where he led the migration of the European Credit Derivative market to the Creditex RealTime electronic trading platform.
Previously, Biggar managed ICAP's credit derivative business in Asia and spent several years at Bankers Trust in London and New York as a product controller. He began his career at Deloitte and is a Qualified Accountant and member of the New Zealand Institute of Chartered Accountants.
Michael Schmidt, Chairman, Algomi, commented: "Grant joins us at a time when Algomi is rapidly expanding. The expertise and experience of the interdealer credit derivatives market that he brings will prove invaluable as we further develop our offering and expand our footprint globally. We are very excited to have Grant join and look forward to working with him."
"Algomi has brought together the right people to create a compelling technology offering which can help transform fixed income trading. The firm's innovative approach to information management will help banks to cope with regulatory changes, making it a timely solution for the industry. I'm looking forward to wworking closely with the team and helping them to advance their offering even further," added Grant Biggar.
Algomi recently opened a New York office and has enjoyed continued growth since its launch in London in 2012, now with over 55 employees globally.