Demica, a provider of working capital solutions to major corporates and banks, has appointed Daniel Kustrin as chief technology officer.
Kustrin will be responsible for the firm’s technology needs, including overseeing the growth and development of Demica’s proprietary platform that enables the financing of over USD50 billion of trade receivables each year.
He will play a key role in the growth of the firm as it invests in new product development.
Kustrin joins Demica from Cardano Risk Management where he was global head of technology for development and infrastructure across locations in the UK and the Netherlands.
He was previously global head of quant, derivatives and risk technology and before that spent nearly 10 years at Barclays Capital in a variety of technology roles. He will report to CEO Matt Wreford.
Kustrin’s appointment continues Demica’s ongoing development as a working capital solutions provider to large multinational corporates. Its platform manages high volume receivable finance transactions, trade receivable securitisations and supply chain finance projects for major global corporations and banks. In June, it announced that it has been mandated as lead adviser on over USD1 billion of new live transactions.
Wreford says: “We are pleased that Daniel has joined us at this critical time for Demica’s development. As we further increase the value and volume of the trade receivables being managed by the platform, our robust technology and infrastructure will play a key role in providing the services needed by our customers.”
