Former CFTC Chairman J. Christopher Giancarlo to Serve as Senior Advisor to Baton Systems

Company Update

April 13, 20213 Minutes

Baton Systems has named as Senior Advisor the Honorable J. Christopher (“Chris”) Giancarlo former Chairman of the United States Commodity Futures Trading Commission (CFTC).

Fremont, CA; April 13, 2021 – Baton Systems (“Baton”), a provider of post-trade solutions for capital markets, has named as Senior Advisor the Honorable J. Christopher (“Chris”) Giancarlo former Chairman of the United States Commodity Futures Trading Commission (CFTC). Giancarlo’s distinguished background will play a key role in supporting Baton’s mission to transform the post-trade payments and settlements ecosystem.

Giancarlo served as 13th Chairman of the CFTC. He was first nominated as a CFTC Commissioner by President Barack Obama and unanimously confirmed in June 2014. He was subsequently nominated as CFTC Chairman by President Donald Trump and again unanimously confirmed in August 2017. He departed the CFTC in July 2019 following the expiration of his five-year term.

“We are honored to welcome Chairman Giancarlo to Baton’s Advisory Board,” said Arjun Jayaram, CEO and Founder of Baton Systems. “His tremendous contributions to the industry and advocacy for emerging technology will be critical as Baton continues to innovate and advance the capital markets experience for all market participants.”

“Baton is solving some of the most pressing pain points in the capital markets post-trade process that have plagued the industry for decades and demonstrating the true value of leveraging modern technology to address these challenges,” said Giancarlo. “Baton is enabling a solution that is working today to improve the speed and precision of collateral management. I look forward to elevating this process further and joining Baton on a continued path to success.”

Giancarlo is Senior Counsel to the international law firm Willkie Farr & Gallagher.  He is also a co-founder of the Digital Dollar Project to advance consideration of a U.S. central bank digital currency.  In addition, Giancarlo serves as Chairman of the Board of Common Securitization Solutions LLC, a joint venture between Fannie Mae and Freddie Mac, and on the Advisory Board of the Chamber of Digital Commerce. Giancarlo also serves as an independent director of the American Financial Exchange, the sponsor of Ameribor and Ameribor Futures.

Before entering public service, Giancarlo served as Executive Vice President of financial services firm GFI Group Inc., leading its initial public offering, and as Executive Vice President and U.S. Counsel of Fenics Software. He also served as Chairman of the French American Academy. Previously, he practiced law in New York and London as a partner in the law firms of Brown Raysman Millstein Felder & Steiner and Giancarlo & Gleiberman, and as an associate with Curtis, Mallet-Prevost, Colt & Mosle.


Baton Appoints Phil Corryn as Director of Sales, North America

Fremont, CA; January 26, 2021 –   Baton Systems, a provider of post-trade systems for capital markets, has named Phil Corryn as its Director of Sales for North America. He’ll be responsible for driving revenue in North America with an initial focus on the major banks and their clearing entities. He will report directly to Baton’s Head of Global Sales and EMEA, Alex Knight.

Based in New York, Phil has more than 22 years of sales experience in enterprise data management. Prior to joining Baton, Phil was Senior Vice President, Sales at FinTech Studios, an AI-based SaaS market intelligence and regulatory solution startup. Before that he was Head of America Sales at Asset Control Inc., where he was responsible for driving new revenue for enterprise data management solutions across the Americas. He also held various senior positions with Bloomberg LP, GoldenSource Corporation and SunGard.

“Phil has played a pivotal role in building and improving enterprise sales organizations facing long sales cycles,” said Knight. “His deep sales management experience in the financial markets space will be instrumental in driving go-market strategies and revenue-generating programs for Baton.”

“Baton has made significant strides in the financial services industry and I’m thrilled to join a team that is dedicated to driving optimized and innovative solutions for PvP settlement, collateral, and liquidity across a broad range of asset classes”” said Corryn. “I look forward to leveraging my existing relationships with top global banking and clearing professionals and building Baton’s strong network of industry partners.”

Baton is in a phase of rapid growth as the Company expands its global foreign exchange (FX) and collateral network of partners. Baton recently partnered with Cobalt, an FX and digital asset infrastructure provider to provide a seamless end-to-end FX settlement solution.

About Baton
Baton Systems is reforming how payments are made in the world’s largest financial markets. By delivering on-demand synchronization and orchestration of asset movements through its distributed ledger-based platform, it is liberating balance sheets and eliminating the need for capital-intensive pre-funding of FX and margin requirements. Founded in 2016 by technology, payments and capital markets veterans, and backed by venture capital, Baton Systems works with numerous market participants – including major global banks, custodian banks and exchanges – to meet today’s demands for capital efficiency, regulatory compliance and operational superiority. Find out more at www.batonsystems.com

Baton Media Contact:
Zain Abouseido
Paragon Public Relations
973-945-5593
[email protected]


Derivatives Veteran Jerome Kemp to Join Baton Systems as Senior Advisor

Fremont, CA; December 9, 2020 – Baton Systems (“Baton”), a provider of post-trade solutions for capital markets has appointed Jerome Kemp, global futures industry leader and former Global Head of Futures, OTC Clearing, and FX Prime Brokerage at Citi as Senior Advisor. Kemp will bring his deep expertise in cleared derivatives and OTC clearing to Baton as the company accelerates its position to deliver a fully end-to-end FX settlement ecosystem.

Kemp brings 30 plus years of experience in the futures industry where he held various leadership roles in Paris, Tokyo and London. He recently announced his retirement from Citi after spending nine years as Managing Director, where he drove the growth of the cleared derivatives business to a position of global industry leadership, along with his expanded responsibilities in the bank’s FX prime brokerage business.

Before joining Citi in 2011, Kemp spent 18 years at J.P. Morgan, where he was the Global Co-Head of the Futures and Options and OTC clearing business. Prior to that, he worked in fixed income sales at Oddo & Cie, an independent Franco-German financial services group.

“Jerome is a pioneer in the futures and cleared derivatives industry,” said Arjun Jayaram, CEO and Founder of Baton Systems. “We are thrilled to welcome his expertise after paving the way for many firms to drive innovation and excellence in the financial markets. We look forward to capitalizing on his leadership as a valuable input to Baton’s continued success.”

“Over the past 12 months, Baton has formed key partnerships and integrations with major global banks and CCPs, which further solidifies its position as a leader in the revolution of the payments and settlement ecosystem,” said Kemp. I’m looking forward to bringing my expertise and working with the industry’s top innovators to enhance and accelerate the digital transformation happening across the industry.”

Kemp recently stepped down as the Chairman of the Board of FIA, a global financial industry trade group, which he has held since 2018. Before that, Kemp served on the FIA board for seven years and was on the Group Board of LCH.Clearnet Ltd.

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About Baton

Baton Systems is reforming how payments are made in the world’s largest financial markets. By delivering on-demand synchronization and orchestration of asset movements through its distributed ledger-based platform, it is liberating balance sheets and eliminating the need for capital-intensive pre-funding of FX and margin requirements. Founded in 2016 by technology, payments and capital markets veterans, and backed by venture capital, Baton Systems works with numerous market participants – including major global banks, custodian banks and exchanges – to meet today’s demands for capital efficiency, regulatory compliance and operational superiority. Find out more at www.batonsystems.com.

Baton Media Contact:
Zain Abouseido
Paragon Public Relations
973-945-5593
[email protected]


Baton Systems Joins U.S. Faster Payments Council

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Fremont, CA; May 20, 2020 -- Baton Systems (“Baton”), a provider of post-trade solutions for capital markets, today announced it has joined the U.S. Faster Payments Council (FPC), an organization devoted to advancing faster payments in the United States. As a member of the FPC, Baton will act as a voting member in the Technology Providers segment on inclusive and collaborative approaches to issues that stand in the way of achieving faster payments.

Historically, institutional payments have been hindered by lengthy payments and settlement processing times and legacy systems. Baton is working with banks and systemically important payments hubs to accelerate the movement of assets between counterparties through a rules-driven engine. Baton enables on-demand settlement and payments – in minutes instead of days, regardless of currency or asset class. With multiple top ten global banks and large central counterparties fully deployed and live, Baton’s platform settles over $13 billion per day.

“The FPC is a unique organization that encourages a diverse range of perspectives from all stakeholders in the U.S. payment system to resolve the issues that inhibit broad adoption of faster payments,” said FPC Executive Director Reed Luhtanen. “We are excited to have Baton onboard and to benefit from their expertise in accelerating payments in the world’s largest financial markets.”

 

“Baton’s mission is to solve disparities between fragmented banking systems and reduce the burden of capital and operational inefficiencies that slow payments,” said Arjun Jayaram, CEO and Founder of Baton. “We are looking forward to collaborating with our fellow FPC members and sharing our insights, with the common goal of driving the adoption of faster payment solutions.”

In addition to accelerating institutional payments, Baton’s automated solutions help address the challenges of reducing settlement risk and increasing liquidity. Baton currently has offices in Fremont, CA, New York, London, and India, with future plans to expand into Singapore.

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About Baton

Baton Systems is reforming how payments are made in the world’s largest financial markets. By delivering on-demand synchronization and orchestration of asset movements through its distributed ledger-based platform, it is liberating balance sheets and eliminating the need for capital-intensive pre-funding of FX and margin requirements. Founded in 2016 by technology, payments and capital markets veterans, and backed by venture capital, Baton Systems works with numerous market participants – including major global banks, custodian banks and exchanges – to meet today’s demands for capital efficiency, regulatory compliance and operational superiority. Find out more at www.batonsystems.com

About the U.S. Faster Payments Council (FPC)

The FPC is an industry-led membership organization whose mission is to facilitate a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility, and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.

Media Contact:
Zain Abouseido
Paragon Public Relations
+1-646-558-6226
[email protected]

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