Baton Adds Product Head
Posted by Colin Lambert. Last updated: January 20, 2023
Baton Systems has named Ravindra Madduri as global head of product. He will be based in London and report to Baton CEO Arjun Jayaram.
He joins from fintech Paysend, where he previously served as head of enterprise B2B products for just under a year, prior to which he worked at Finablr for just under three years as chief treasury officer and B2B payments head. He moved into the fintech space after 23 years in banking payments, at institutions including Barclays, RBS, HSBC and Citi.
The firm says Madduri will be involved with all aspects of the product lifecycle, including product management, delivery, and design management. He will be immediately taking responsibility across the suite of products for execution and implementation, ensuring that product development and maintenance are closely aligned with client needs.
“With over two decades of experience in building products, Ravi has a proven track record of delivering reliable and high-quality products for large banks and corporations,” says Jayaram. “His expertise will be a valuable asset to our team as we continue to innovate and improve our industrial-grade, complex, and highly reliable and secure payments product on top of DLT, which moves tens of billions of assets value every day quickly, efficiently, and with lower risk. With Ravi’s leadership and strategic vision, we are well-positioned to scale our product offering to nearly a thousand clients over the next few years and meet the growing market demand in a rising interest rate environment.”
Madduri adds, “After a year defined by increased funding costs due to the effects of high volatility on margin requirements, as well as rising settlement risk in the FX space, the need for market participants to be dynamic in the way that they react to these developments is significant. Baton is completely changing the landscape for post-trade processing, and due to their unique approach, they are perfectly positioned to help financial institutions tackle these challenges head on.”