Overbond hires former Bloomberg global markets head to lead US expansion

Source: Overbond

Overbond Ltd., the first end-to-end capital markets platform for primary bond origination and fixed income deal execution, has announced the appointment of George Harrington as the company’s Head of U.S. Business Development.

Based in Overbond’s office in New York, he will take up this new role with immediate effect.

Overbond is rapidly transforming how banks, institutional investors, corporations and governments access the credit markets, providing a digital platform that streamlines all stages of the origination process, delivering higher transparency, optimal price discovery and investor diversification. In less than two years, the company has already signed up some of Canada’s largest corporate issuers, spanning the energy, utilities, financial services, and telecoms industries.

Harrington is a seasoned Debt Capital Markets professional, having held senior executive roles across the financial services industry, including Head of Global Markets at Bloomberg where he led global FICC sales and product teams. In this role, he was responsible for the overall strategy and delivery of Bloomberg fixed income, foreign exchange, and execution management platforms.

“Overbond’s proprietary algorithms have increased visibility of primary bond issue opportunities in Canada. In the U.S., Overbond will enable a wider ring of dealers, issuers, and investors to participate in primary issuance and at a dramatically lower cost,” said Harrington. “While the secondary bond market has embraced the structural and technological changes that foster a more transparent and efficient marketplace, primary bond issuance has lagged far behind. Overbond is at the vanguard of the transformation of the primary bond marketplace with proprietary suite of COBI tools, and I’m looking forward to leading the company’s U.S. expansion.”

Vuk Magdelinic, CEO of Overbond said: “George’s extensive expertise across both the buy-side and sell-side will be instrumental in furthering Overbond’s open platform strategy as we roll out our services to more than 5,000 U.S. clients.”  

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