Baton Systems has hired David Ornstein as the firm’s first COO.
Based in New York, Ornstein will work closely with CEO Arjun Jayaram and will focus on enabling the firm to scale effectively as Baton Systems’ client numbers expand, along with market interest in deploying distributed ledger technology (DLT) solutions that deliver benefit in the post-trade environment.
Ornstein brings more than 25 years of front and back office experience across capital markets to the role.
He has driven strategic change and operational excellence in both high-growth and established global financial services businesses.
Prior to this role, Ornstein was COO of global markets at Barclays Investment Bank, where he guided the business through a period of rapid growth and increasing maturity.
During his 13 year tenure, he oversaw the transformation of the business’ processes, reducing costs and improving resilience.
Ornstein also held roles with Deutsche Bank, where he was COO of US Credit Markets, as well as at Bankers Trust.
Most recently, he has been working in an advisory capacity for several growth companies, providing counsel to CEOs and founders actively scaling their businesses.
Commenting on the appointment, Jayaram says: “With vast experience delivering operational solutions for global businesses, David is a practitioner at the top of his game. His extensive operational experience, in both the banking industry and helping fast growth companies achieve scale, will prove instrumental as we execute our 2022 strategy.”
Ornstein adds: “Baton is working with financial services companies to deliver the solutions necessary to move away from the costly server-based, hard-wired and inflexible infrastructures that for too long have hampered their ability to focus resources on building the bank of the future. Throughout my career I’ve seen first-hand how automation and the latest innovations can transform a business’s ability to deliver and I’m excited to now work with a company that has the technology available today to allow firms to achieve exactly that.”
