19th January 2023, London – Baton Systems (“Baton”), the global fintech digitally transforming post-trade processing using distributed ledger technology (DLT), has announced the appointment of Ravindra Madduri as Global Head of Product.
Ravi brings a wealth of experience in the Payments and Cash Management space to Baton, with the bulk of his career spent in product functions at leading corporate banks such as Citi, ABN AMRO, RBS and Barclays. He joins from fintech Paysend, where he previously served as Head of Enterprise B2B Products.
Reporting to Baton’s CEO, Arjun Jayaram, Ravi will be based in London, with an immediate focus on ensuring that overall product strategy is aligned with client requirements and the overall growth trajectory of Baton Systems.
Ravi will be involved with all aspects of the product lifecycle, including product management, delivery, and design management. He will be immediately taking responsibility across the suite of products for execution and implementation, ensuring that product development and maintenance are closely aligned with client needs.
Arjun Jayaram, CEO of Baton Systems, said: “We are thrilled to announce the appointment of Ravi as our Head of Product. With over two decades of experience in building products, Ravi has a proven track record of delivering reliable and high-quality products for large banks and corporations.
“His expertise will be a valuable asset to our team as we continue to innovate and improve our industrial-grade, complex, and highly reliable and secure payments product on top of DLT, which moves tens of billions of assets value every day quickly, efficiently, and with lower risk. With Ravi’s leadership and strategic vision, we are well-positioned to scale our product offering to nearly a thousand clients over the next few years and meet the growing market demand in a rising interest rate environment.“
Commenting on his appointment, Ravindra Madduri commented: “After a year defined by increased funding costs due to the effects of high volatility on margin requirements, as well as rising settlement risk in the FX space, the need for market participants to be dynamic in the way that they react to these developments is significant. Baton is completely changing the landscape for post-trade processing, and due to their unique approach, they are perfectly positioned to help financial institutions tackle these challenges head on.”
“The massive interest from the market in Baton’s solutions was one of the key drivers that made this move such an attractive proposition. I’m incredibly excited to get to work with Arjun and the wider Baton Systems team to support financial institutions to adapt to the trading conditions of 2023 and beyond.”
Ravi’s appointment comes as Baton continues to focus on bringing greater efficiency and reducing risk in key post-trade processes such as collateral management, FX settlement, and payments.