LedgerEdge Adds Two
Posted by Colin Lambert. Last updated: January 10, 2023
Fixed income trading platform LedgerEdge has tapped two of its rivals for senior appointments to start 2023.
The platform has named Kate Karimson as chief commercial officer and Mark Leahy as chief business officer. Leahy will oversee client facing operations and partnerships, while Karimson will run product and sales and new strategic opportunities.
Karimson joins from CME Group, where she ran Brokertec Quote, the firm’s OTC dealer to client platform, as well as the interbank repo business. She transitioned to CME Group, where as part of the Merc’s purchase of Nex Group assets, including BrokerTec. In all, she worked for CME/Icap for nine years.
Most recently Leahy was COO at Trumid XT, where he played a significant role in leading the SGX and Trumid & Hillhouse electronic credit trading joint venture. He transitioned to that role from SGX, where he was head of fixed income. Leahy has also held senior fixed income roles at Nomura, Deutsche Bank, UBS and HSBC.
“The industry recognises that LedgerEdge’s innovative trading model delivers new efficiencies that emphasise control and ease of execution to a historically illiquid market,” says David Rutter, chairman and co-founder of LedgerEdge. “Kate and Mark bring a tremendous amount of energy and experience to our senior leadership team and will be pivotal in helping the company grow to a market-leading position, as we fully embed and integrate the product.”
LedgerEdge’s e-trading platform is now live in the UK as what gthe firm says is the first DLT-based trading platform that is fully regulated by the Financial Conduct Authority as a Multilateral Trading Facility.
“We are entering an exciting new era for LedgerEdge, as fixed income markets are changing more rapidly than ever,” says Karimson. “We will be working with market participants to transform the way they find liquidity and execute, redefining the future landscape of electronic markets.”
Leahy adds, “It’s rare to get the opportunity to join such an innovative start-up with so much potential, within the fixed income electronic trading space. LedgerEdge is addressing legacy inefficiencies in this space, as well as making trading easier and faster for participants on both sides of the market.”