DMALink Adds Evans in Advisory Role
Posted by Colin Lambert. Last updated: July 20, 2022
Emerging markets FX focused institutional ECN DMALink has added Andrew Evans to its senior advisory board to bolster representation from asset allocators, buyside funds and play a pivotal role in scaling the enlarged group post its merger with Definity Markets.
Evans co-founded Smart (formerly Smart Pension), which in recent years has partnered with many institutions and governments and grown to over £4 billion in assets under management. He was previously an international managing director, with roles at Lloyds, Barclays and Credit Agricole and also works with cutting edge innovation foundations – awarding funding and offering advice to promising UK fintech companies and social entrepreneurs, including those who work with open banking.
“Andrew represents a major strategic addition to DMALink and our senior advisory board,” says Manu Choudhary, CEO of the firm. “Andrew brings with him not only two decades of deep financial markets knowledge, but also adds the insight of an asset allocator and as the CEO and founder of one of London’s fastest growing FinTech Unicorns, a huge amount of strategic vision. We are delighted that Andrew decided to join DMALink on our journey to create the most disruptive electronic trading venue in the world.”
Evans, adds, “As an asset allocator, Smart strives to maximise returns to investors. The radical advances being created in terms of pre-trade TCA, AI powered liquidity management and anomaly detection, are invaluable tools to help buyside fund managers make better informed trading decisions whilst being able to benchmark execution across FX, gold and crypto helps reassure asset allocators that returns are not eroded needlessly by high frictional costs.”
DMALink and DeFinity Markets recently agreed a merger and Michael Siwek, DMALink founder, says, “Whilst we await regulatory clearance, Andrew’s role will focus primarily on DMALink, however, he will be instrumental in helping to scale DeFinity Markets and the enlarged group and play a key role in our Series A capital raise.“