SIX Digital Exchange (SDX) has appointed David Newns as CEO, replacing Tim Grant.
Subject to Swiss Financial Market Supervisory Authority approval, Newns will begin his tenure on 6 October 2021.
Newns has previous experience in the digital exchange sector working on mission critical infrastructure, service-driven application development for banks and digital assets, and an understanding of how nascent markets are created and brought to maturity, says SIX.
The SDX is in the process of testing and scaling and is due to be launched subject to regulatory approvals. Technical development on the core platform has already been completed.
Commenting on his appointment Newns says: “I believe that this is the perfect moment for our industry to redefine how it engages with its clients and stakeholders and, in turn, empowers them to serve their clients. SDX is in the ideal industry sweet-spot to achieve this and I’m looking forward to driving its further growth and development.”
Thomas Zeeb, chairman of SDX and member of the executive board at SIX, comments: “I thoroughly enjoyed working with Tim and his team at SDX and now look forward to working with David as we take SDX into the next stage of maturity and development. David brings with him the background and experience to take us forward and extend the reach of the SDX platform throughout the industry.”
