Kemp Named President at Baton Systems
Posted by Colin Lambert. Last updated: September 28, 2021
Baton Systems has announced the appointment of Jerome Kemp as the company’s president – he has been working as a senior advisor to the firm for the past 10 months and will, the firm says, work closely with Baton founder and CEO Arjun Jayaram.
Prior to joining Baton, Kemp was global head of futures, OTC clearing, and FX prime brokerage at Citi, a role he left in September 2020 after almost 10 years with the bank. He was also chair of the Futures Industry Association (FIA) board from 2018 to 2020.
Baton says Kemp will lead its growth across markets, leveraging international experience gained in senior leadership positions held in Paris, London and Tokyo during his career. Prior to Citi, Kemp previously spent 18 years at JP Morgan, where he rose to global co-head of the futures and options and OTC clearing.
“I’m delighted that Jerome is taking up this leadership role at such a crucial time for Baton,” says Jayaram. “Having a practitioner with Jerome’s exceptional calibre, wealth of experience and vision helping to drive Baton forward will prove invaluable as we scale to meet market needs – it will ensure we continue to place our clients at the very core of all we do. I look forward to working with Jerome to accelerate our growth plans globally.”
Kemp adds, “Baton is delivering today what I believe will become the new global standard for payments and settlements. Today, post-trade processing is slow, opaque, restrictive, and costly. Baton is revolutionising the entire front to back process, from trade matching through to settlement – allowing settlement participants to take control with automated workflows, access to real-time information, and on-demand settlement. Baton is ultimately defining the infrastructure that will underpin the markets of tomorrow.”
Kemp’s appointment follows the news earlier this month that former Basel Committee secretary general, William Coen, has joined Baton as a senior advisor.