Genesis, the international capital markets software firm, has made two senior hires following a sustained period of growth and investment.
Simon McDowell has been appointed Chief Commercial Officer and Darren Newby joins as Solutions Director, to support genesis long term strategy to help the capital markets community innovate at speed.
genesis works with a wide range of financial institutions including buy-side, sell-side, execution venues and clearing houses, providing a microservices technology framework to build solutions to address the many varied and highly complex industry challenges. The firm has recently secured Series A investment of $3mn from Illuminate Financial and Tribeca Angels.
McDowell joins from Fixnetix, a DXC company, where he was regional Head of Sales and Account Management. Previously, he was at Ullink, as Managing Director of Sales and Partner Operations. He has held senior roles as both COO for the EMEA region at NYSE Technologies and Managing Director at Fidessa Plc. McDowell brings more than 30 years’ experience working within financial services, software and technology sectors, and a formidable track record of commercial success.
Darren Newby brings 30 years of client-facing experience in financial services and technology, including senior tenures at leading global vendors Thomson Reuters (now Refinitiv) and Fidessa plc. Newby’s most recent role was Director of Connectivity Solutions at Ullink, where he worked with McDowell.
Together they join genesis as it pursues an ambitious expansion strategy and will be responsible for helping clients to take advantage of market opportunities utilising genesis’ innovative products and solutions, all built and deployed over the framework. The company plans to increase its global presence and to focus on building the brand and developing solutions across targeted market segments.
Commenting on the appointments, Stephen Murphy, Chief Executive Officer of genesis, said: “We are delighted to be joined by Simon and Darren as we gear up for the next stage of genesis’ growth. There is a significant opportunity for both genesis and our clients to adapt to the changes in capital markets driven by regulation and cost, to digitise by redefining business models and enabling fast innovation.”
Murphy continued: “Simon and Darren’s appointments build on our plans to grow our headcount by 50 percent to further bolster our technology expertise and develop our product suite. Simon and Darren’s experience in growing businesses, complemented by their strong customer understanding and empathy, will be invaluable as we navigate the opportunities ahead of us.”