Capitolis Adds Sales Head

SaaS capital optimisation provider Capitolis has named Christopher Pennington as EVP sales, in which role he will oversee the firm’s sales operations as well as develop and maintain its key customer and partner relationships.

Pennington joins Capitolis from his role as vice president of global accounts at Palo Alto Networks, where he led a worldwide team focused on Fortune 2000 companies. Prior to that, he led teams at Google Cloud and Microsoft, where he helped both companies develop and grow their sales teams and drive exponential expansion.

“Chris has spent the last 30 years of his career working in organisations that have exploded onto the scene and brings a global enterprise and SaaS-focused perspective that will be critical to our future growth,” says Gil Mandelzis, CEO and founder of Capitolis. “I have no doubt he will be a crucial player as we enter our next phase of maturity and growth.”

Pennington adds, “Capitolis is taking an innovative and collaborative approach, combining SaaS and structured finance expertise, to achieve audacious goals. I look forward to enhancing a sales culture that will expand on the exceptional foundation of innovation and success that Gil and the team have established.”

The hire builds on recent developments at Capitolis, which in August announced the acquisition of LMrkts to expand its product capabilities, following a successful $90 million Series C funding round in March. The firm has also added several staff to its roster, including Stuart Wexler as general counsel, Jimmy Reilly and head of equity and total return swaps funding solutions, Jen Wanderwall as chief people and culture officer, and James Kibbe as head of structured funding origination.