London, New York, 11 April 2019
Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high performance technology,has appointed Stephen Wolff as a Strategic Advisor to support its global growth strategy.
Stephen specialises in advising early stage, venture-backed financial technology companies. He has served on the board of numerous financial market technology and infrastructure companies including R3, Tradeweb and ClearCourse Partnership. Before this, he ran corporate strategy and M&A at IHS Markit from the period prior to Markit’s IPO, through to the successful merger between IHS and Markit Group which created a ~$17bn data and information company.
He was also previously Managing Director and Head of Strategic Investments at Deutsche Bank. In this role he managed a portfolio of principal investments primarily focused on financial market infrastructure.
Stephen Wolff comments: “I am delighted to be joining the Cobalt team during an exciting time for the company and the FX industry as a whole. The market is experiencing an unprecedented period of evolution, not least in the post-trade space where new technologies are fast-replacing the outdated infrastructure of yesterday. Cobalt is at the forefront of this modernisation of the middle and back office.”
Adrian Patten, Co-Founder and Chairman of Cobalt, adds: “Stephen has a wealth of specialised experience in the fintech industry and is a trusted advisor to many financial services firms. We are pleased to welcome him on board and look forward to working with him as Cobalt enters its next stage of evolution in FX.”