London based Fintech innovator – Traydstream – has announced the executive appointment of Jayan Menon as Country Head for India.
Traydstream’s recently incorporated India entity (Traydstream Pvt Limited) is a fully-owned subsidiary of the UK company, designed to knit together Traydstream’s capabilities across Technology, Trade and Client Servicing, creating a new breed of organisation that marries Trade and Technology professionals.
Menon will lead the build out of a team of top Trade Specialists who will advise on further expansion to the state of the art technology platform. Menon will work closely with the firm’s vendors in India and Ukraine to ensure consistent global client delivery as the firm begins to on-board new clients.
Traydstream’s Mumbai hub will act as the company’s first global servicing hub and will work closely with central business in delivering the global pilots and mandates that Traydstream secures. As head of the hub, Menon will have both business and administrative responsibilities that span across the operational spectrum. He will be a Director of the Indian operation and will form part of the wider management of Traydstream.
Menon is a commerce graduate and a Chartered Accountant. He has over 25 years’ experience in the banking industry, particularly in Trade Services and Treasury. He has worked with ICICI Bank, the largest private sector bank in India, as well as YES Bank. His last assignment was with TATA Consultancy Services where he headed the Trade Operations of a large global bank. He was also CEO of the Fixed Income Money Market and Derivative Association of India, and is associated with the Trade Services Advisory Group of SWIFT, Foreign Exchange Dealers' Association of India and the Indian Banks' Association.
Commenting on his appointment and the wider Trade environment, Menon gave this statement: “Banking as an industry is undergoing a huge transformation, further accelerated by the competition from Fintech companies and with newer technologies like Blockchain, Artificial Intelligence and Robotics. Trade Services is an area that continues to remain largely document intensive thereby increasing the cost to banks and the prices to customers. Traydstream is in the process of transforming Trade Services through, inter alia, digitisation, machine learning and developments in Blockchain. The application of the functional knowledge in trade to transform the trade services in banks with the latest technology applications is what excited me to join this fantastic team.”
Co-Founder and Chief Sales Officer at Traydstream, Achille D’Antoni has said of the appointment: “We are delighted to have Jayan on board. His appointment represents one more addition to a team of highly talented people that has joined Traydstream and that we have been targeting for a while. Our goal is to keep attracting first class professionals who relish the challenges of product innovation as well as effectively managing global client delivery in a new innovative environment.”
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