UF Media Monthly, March 2024: Major organisational changes across United Fintech

Each month, United Fintech issues its Media Monthly update on who wrote what and where about United Fintech, its partner companies and people.

Following February’s major announcement of investments by BNP Paribas and Citi, United Fintech announced in mid-March a strategic management reshuffle naming i.a. Troels O. Lindblad as CFO and Rasmus Bagger as CCO whilst Marc Levin advanced to CEO of Athena in Madrid.

“Our strategic reshuffle aims to repurpose talent internally and highlights the depth and breadth of the talent pool that United Fintech has accumulated in less than four years. We’re confident that the management changes will enable us to create an even stronger platform for further growth in all directions with emphasis on adopting even more customer-centric ways of working”, said Christian Frahm, CEO of United Fintech.

The complete organisational changes are reflected across the group as follows:

• Netdania CEO Rasmus Bagger to CCO of United Fintech.
• Athena CEO Luis Otero to CTO of United Fintech.
• United Fintech Partner Marc Levin to CEO of Athena.
• Luis Otero has been appointed as the Chief Technology Officer (CTO) of United Fintech.
• Elizabeth Missfeld will assume the role of Chief of Staff at United Fintech.
• Darren Coote is taking over as Chief Executive Officer (CEO) of CobaltFX.
• George Govier-Rosenvold has been appointed as the Chief Commercial Officer (CCO) of Netdania.

The management reshuffle, which included a total of seven internal swaps, was reported by a broad array of Fintech, IT, and FX publications including FinancialIT, FinanceFeeds, FinanceMagnates and The Industry Spread.

ANZ enhances FX Credit management through CobaltFX partnership

On March 19, ANZ and Cobalt FX announced a partnership concerning the Dynamic Credit platform. The collaboration marks a significant step in enhancing ANZ's FX credit management through real-time, centralised system integration, where the consolidated trading venues under one global limit promise benefits for customers, counterparties, and the bank itself.

This new approach to credit management has helped eliminate carve-outs as well as reduce credit usage while improving our market access. This capability benefits our customers, counterparties, and the bank”, said David Thorne, Head of eFICC Europe and North America with ANZ.The story was cited in i.a. The FullFX, Finance Feeds and A-Team Insight, noting that this collaboration marked a significant advancement in managing credit exposure for FX trades across interbank trading venues.