Baton Systems Names Sales Director
Posted by Colin Lambert. Last updated: March 14, 2022
Ronn Baker has joined Baton Systems as senior director of North American sales. He joins from Wells Fargo, he joined the bank in 2007, and was most recently director of innovation and digital strategy, spearheading the implementation of DLT, cryptocurrencies and digital assets for the FX trading and capital markets division.
Baker will be US based and report to Baton’s global head of sales, Alex Knight, he is tasked with expanding the reach of the Baton Core suite of solutions that span FX, payments, liquidity and collateral.
The appointment follows Baton’s December 2021 announcement that the firm’s DLT-based Core-FX solution had powered the world’s first interbank riskless settlement outside of CLS. The company says it has orchestrated the settlement of more than 15 million transactions over the last 12 months, and that several of the world’s largest banks are now using Baton’s technology, which has facilitated the settlement of more than $3.5 trillion of cash and securities.
“Ronn brings invaluable experience to our growing team and has witnessed the impact that our DLT technology can have everyday, enabling real-time, riskless settlements in a live production environment,” says Arjun Jayaram, CEO and founder of Baton Systems. “I’m excited to work with Ronn and help further communicate how Baton is working not only to help address the post trade market structure challenges of today, but also to promote the broader evolution of the financial ecosystem.”
Baker adds, “Baton is pioneering real transformation in post-trade market structure and I’m very excited to be part of this industry-defining journey. Baton’s use of DLT is addressing a real industry need and I believe the level of choice and control the Core suite of products offers will soon become the market standard. I’ve seen first-hand what’s possible and know that Baton’s transformative technology offers industry-wide benefits. Along with Arjun and the whole team, I believe that Baton is driving the future of the industry.”