Avelacom Ramps up US Efforts

Latvian network and connectivity infrastructure provider Avelacom has named Lorenz Voss as managing director of its US operations, part of what the firm says is a “significant expansion” of its US operations.

Voss joins the firm from Tower Research Capital, where he worked for almost five years as head of supplier management, a role that saw him supervising the company’s low latency platform development including budgeting, outsourcing and strategic sourcing. At Avelacom, Voss will be responsible for building out the firm’s market share in North America. He will be based in Avelacom’s new office in Chicago.

Avelacom says the US expansion will allow its US clients (such as proprietary trading firms and banks) to move into more markets with new market making and arbitrage opportunities. This will cover all asset classes, and builds on Avelacom’s previous network expansions in APAC, Middle East and Latin America regions.

“America is the world’s largest market and we see lots of opportunities where our solutions are in high demand,” says Voss. “Avelacom will be the preferred choice. Avelacom is ambitious and energetic with great plans to enhance network solutions and improve low latency connectivity for global markets.”

Aleksey Larichev, CEO of Avelacom, adds, “[Voss] brings more than 15 years’ experience in both the telecom and capital markets industries in the US, which is a great asset for us. He will be a key part of our further journey of growth and new developments.”