London-based fintech SSImple has appointed Matthew Cook as chairman following the completion of an angel funding round.
Cook brings more than two decades of experience to the role and most recently worked in capital markets at SWIFT, where he held global responsibilities.
He joined the London-based fintech as a strategic advisor in January 2023. This company develops distributed ledger technology (DLT) solutions to enhance the way that standing settlement instructions (SSI) are stored, shared and enriched.
Cook began his career in finance at UBS, before moving to Credit Suisse where he held multiple responsibilities across securities lending, clearing and settlement, and collateral management.
He is presently involved in angel investing in capital markets fintech startups.
SSImple’s recent angel funding round has been led by serial angel investor David Little and forms a part of the company’s current expansion efforts.
Little has 25 years of experience in capital markets and has held several directorial and executive positions across the finance sector, including several fintech startups.
Commenting on the recent developments, SSImple CEO Bill Meenaghan says: “I am pleased to share that SSImple has concluded its angel funding round, accompanied by Matthew's acceptance of the chairman’s role. These advancements empower us to automate the archaic SSI process for an expanded range of firms.”
Cook adds: “As the industry grapples with shorter settlement cycles and maintains a strong focus on reducing transactional costs and friction, this is an exciting time to be joining SSimple.”
