Pirum Systems has appointed Karl Wyborn from CloudMargin as its new chief commercial officer and global head of sales.
Based in London, Wyborn has responsibility for business development and marketing globally and for all client and commercial activity.
He fills the void left when Phil Morgan took over as CEO from Rajen Sheth who vacated the role after six years.
Wyborn brings with him a wealth of subject matter expertise across securities finance, derivatives, collateral management and operations from his previous roles at CloudMargin and J.P. Morgan before that.
At CloudMargin, Wyborn has spent the past year as global head of new business development, following four years as global head of sales.
Between 2000 and 2014, Wyborn held several senior positions at J.P. Morgan and JPMorgan Chase, including his most recent as head of sales and relationship management for clearing custody and collateral services for Europe, the Middle East and Africa.
Meanwhile, he also brings significant experience in the fintech partnerships space.
Of his new role, Wyborn says: “Pirum is a great company with a great product. It’s also a trusted provider to many of the largest financial institutions in the world.
“I’m enormously excited about joining Phil and the team and leveraging my experience in both collateral management and technology to contribute towards its future growth and continued success.”
Morgan comments: “I am extremely excited with the addition of such a high calibre individual to the Pirum team, which is reflective of the business and product demand we are seeing from our clients globally.
Wyborn marks Morgan’s second management team change following the appointment of Jat Soomal as chief financial officer two weeks ago.
Soomal joins Pirum from a role as head of commercial finance for Foundry, a global developer of high-end visual and 3D effects for the design, visualisation and entertainment industries.
His CV also includes several years as head of finance at Sage Pay and, prior to that, as part of the transaction services team at KPMG.
