Securities finance platform and peer-to-peer trading provider FinOptSys has appointed Venkat Potluri as director of product development.
Based in the US, Potluri will use his extensive knowledge of equity capital markets technology to bolster FinOptSys’ securities finance offering and will continue to expand the firm’s suite of solutions.
Potluri brings more than 25 years of experience in designing and implementing securities financing, prime brokerage, risk and margin platforms across a number of banks.
He was previously senior technology lead at Wells Fargo, where he directed a data sourcing and transformation initiative across several areas of the bank to enhance and optimise the firm’s collateral management processes.
Prior to this, Potluri was head of prime services technology at Scotiabank between 2011 and 2018.
Potluri managed a global team of business analysts, developers, support personnel, programme managers and testing engineers at the Canadian bank to build technology platforms from the ground up.
He was instrumental in implementing a combination of in-house and vendor platforms to facilitate the existing Canadian prime service business, while expanding into the US, Europe and Asia.
Potluri joined Scotiabank from an 11-year term in prime services IT at Barclays Capital.
Commenting on the appointment, FinOptSys founder and CEO Divyesh Bhakta says: “The addition of Venkat to our team is yet another example of FinOptSys’ commitment to building a team of experienced market practitioners and technology experts.
“His wealth of knowledge in building securities financing platforms and solving for individual firm and industry wide technological pain points will be invaluable in our mission to be at the forefront of market innovation.”
