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

People Moves

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.


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]