Finastra hires Calypso's Pedro to lead capital markets push

Source: Finastra

Finastra today announced the appointment of Pedro Porfirio to lead global field and customer engagement with capital markets customers and prospects.

Based in London, Pedro will drive the growth of the company’s entire capital markets business line spanning treasury, capital markets, and investment management.

Pedro joins Finastra from Calypso Technology where he worked as Chief Product Officer, and brings over 25 years’ experience in banking and technology. Previously he was Head of Euro Derivative Rates at Jefferies International Ltd. and Head of EUR Rates at State Street. He has also held Director positions at Dresdner and Lehman Brothers, both in London and in New York. Pedro has extensive expertise in setting up sales and trading businesses front to back, with focus on regulatory issues, capital, risk, compliance, technology and operations. He also has experience at both executive and board level and has worked closely with regulators.

Commenting on the new appointment, Simon Paris, Deputy CEO, Finastra said, “We are thrilled that an industry luminary such as Pedro has embraced the Finastra vision for our market leading products, architecture and roadmap. He brings a wealth of expertise in the industry and understands first-hand the challenges financial institutions and capital markets are facing. He will apply his technology insight and industry experience to optimize our global strategy and solutions, enabling us to continue to meet the evolving needs of our customers. Pedro and his team are fundamental as we accelerate innovation across our capital markets business.”

Pedro said, “I’m impressed by the team and the culture at Finastra and am excited to join such a visionary company. The potential for ongoing innovation in capital markets is huge, especially as the market is waking up to the realization that evolutionary transformation pays significant dividends versus a big-bang change program. The focus that Finastra has placed on building out our technology platform over the past few years as we move to cloud and micro-services is second to none and fits this evolutionary philosophy perfectly. I look forward to working with the team in supporting clients, developing future strategy and enabling the global vision for a platform-first approach.”

Pedro reports to Hannes Liebe, Chief Operations Officer, International at Finastra.
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