Data automation platform provider Xceptor has appointed Neal Chatrath as head of sales for North America.
Based in New York, Chatrath will work with the company’s client base which includes State Street, US Bancorp, BNY Mellon, Northern Trust and Citi.
Chatrath has more than 20 years of experience in financial services. Most recently, he was head of North America sales and account management at FIS. He has also served at MUFG and King Street Capital.
Chatrath’s appointment comes against a backdrop of ongoing economic pressures and ahead of the industry-wide transition to a T+1 settlement cycle, says Xceptor.
Both factors have stimulated significant market appetite in North America for technologies that can automate middle- and back-office functions, and drive post-trade efficiencies, it adds.
Commenting on his new role, Chatrath says: “The opportunities in North America are abundant. I am confident we can build on Xceptor’s remarkable growth in the region to become the natural choice for firms requiring data automation services.”
Joshua Monroe, chief revenue officer at Xceptor, adds: “It’s great to have Neal join us at a time when our growth across North America is accelerating at such a rapid pace. Neal’s appointment is a demonstration of our reinforced commitment to this region and our desire to become a key enabler of more efficient, value-added financial services.”
