MarketFactory has announced today that, effective October 1, James Sinclair will be appointed Executive Chairman, a full time role, and Darren Jer will become CEO of MarketFactory.
Commenting on the change, James Sinclair said:
MarketFactory is on track for another year of high growth, as well as geographic and product expansion. We’re double the size we were a year ago, following two similar years before. It’s a good time to pass on the helm. This will allow me to spend more time with customers and colleagues in the currency and derivatives industry, researching our changing market structure, and working on new strategic initiatives for MarketFactory. This is the aspect I enjoy the most.
Darren Jer, as COO and my co-founder, has built a team that combines the best of Silicon Valley growth culture with deep expertise in core financial infrastructure. I value Darren’s drive, passion, confidence, laser-focus and experience. He was instrumental in the success of our single API to the world’s largest market, pre-trade risk controls, and low-latency infrastructure for all market participants.”
Darren Jer commented:
We’ve both been promoted. James and I have been friends and colleagues for over 12 years and I look forward to the next chapter of our partnership. James’ many decades of experience and knowledge about the OTC markets has been critical in driving our high-growth.”
As CEO, Darren Jer will be responsible for all aspects of MarketFactory’s business. As Executive Chairman, James Sinclair will be responsible for corporate governance, chairing the board and risk committee, focusing on new business, products, strategy, and working with colleagues in the industry.