Fast-growing capital markets software firm genesis bolsters commercial team with two senior hires

PRESS RELEASE: London: 08:00, November 29, 2018

genesis, the international capital markets software firm, has made two senior hires following a sustained period of growth and investment.

Simon McDowell has been appointed Chief Commercial Officer and Darren Newby joins as Solutions Director, to support genesis long term strategy to help the capital markets community innovate at speed.

genesis works with a wide range of financial institutions including buy-side, sell-side, execution venues and clearing houses, providing a microservices technology framework to build solutions to address the many varied and highly complex industry challenges. The firm has recently secured Series A investment of $3mn from Illuminate Financial and Tribeca Angels.

McDowell joins from Fixnetix, a DXC company, where he was regional Head of Sales and Account Management. Previously, he was at Ullink, as Managing Director of Sales and Partner Operations. He has held senior roles as both COO for the EMEA region at NYSE Technologies and Managing Director at Fidessa Plc. McDowell brings more than 30 years’ experience working within financial services, software and technology sectors, and a formidable track record of commercial success.

Darren Newby brings 30 years of client-facing experience in financial services and technology, including senior tenures at leading global vendors Thomson Reuters (now Refinitiv) and Fidessa plc. Newby’s most recent role was Director of Connectivity Solutions at Ullink, where he worked with McDowell.

Together they join genesis as it pursues an ambitious expansion strategy and will be responsible for helping clients to take advantage of market opportunities utilising genesis’ innovative products and solutions, all built and deployed over the framework. The company plans to increase its global presence and to focus on building the brand and developing solutions across targeted market segments.

Commenting on the appointments, Stephen Murphy, Chief Executive Officer of genesis, said:

We are delighted to be joined by Simon and Darren as we gear up for the next stage of genesis’ growth. There is a significant opportunity for both genesis and our clients to adapt to the changes in capital markets driven by regulation and cost, to digitise by redefining business models and enabling fast innovation.

Murphy continued:

Simon and Darren’s appointments build on our plans to grow our headcount by 50 percent to further bolster our technology expertise and develop our product suite. Simon and Darren’s experience in growing businesses, complemented by their strong customer understanding and empathy, will be invaluable as we navigate the opportunities ahead of us.

ENDS  

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About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Confident in our conviction, before even coming to market, we made a multi-year investment in building our microservices technology framework.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. The experienced senior team has worked at leading financial institutions and capital markets software vendors around the world. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed.

Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

genesis is an ambitious growth company and is proud that Illuminate Financial and Tribeca Angels have invested in our success. For further information visit www.genesis.global