BNP Paribas’s David Raccat has decided to go it alone with the launch of Wematch.SecuritiesFinancing, a web-based tool aiming at disrupting the dealing process of securities financing markets.
Raccat is CEO of the new venture, which is based in London, but promises that the platform will gain a global client base.
He has spent the last 16 years climbing the ranks at BNP Paribas, first based in Paris and then from September 2014 in Singapore as global head of markets services, head of MFS (Asia Pacific) and CEO of BNP Paribas dealing services Asia.
Raccat said: “The platform is driving the securities financing markets into the new world where best execution, liquidity, price discovery, and regulatory reporting will be fully embedded in the dealing process.”
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