CloudMargin gains business development chief 03 September 2019London Reporter: Rebecca Delaney
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CloudMargin has promoted Karl Wyborn to the newly created role of global head of business development, as part of plans to overhaul its sales operation and team.
Wyborn has spent the past four years as CloudMargin’s global head of sales in charge of marketing and sales strategy, team development and global sales targets.
Based in London, Wyborn will now undertake responsibility for all business development strategies at the collateral and margin management solutions provider.
In addition, Wyborn will communicate with CloudMargin’s partners, regulators, and other technology vendors concerning post-trade services.
CloudMargin CEO, Stuart Connolly, confirmed that he also intends to grow the sales operation and team over the next several months but could not share further details on the plans at this time.
Commenting on the appointment, Connelly said: “Wyborn’s deep industry knowledge, outstanding experience and passion for CloudMargin’s mission will be a tremendous foundation for the position, particularly as we start to build the next generation of solutions to meet the ever-increasing challenges our clients and partners are facing.”
Wyborn added: “I jumped at the chance of this role when it was offered. The opportunity to leverage my prior experience in sales, marketing and product to be able to help shape the future strategic direction of CloudMargin holds enormous appeal for me.”
Wyborn originally joined CloudMargin 2015 from NetOTC where he was head of business development and relationship management for just over a year.
Before that, he was served at JPMorgan Chase as head of sales and relationship management for clearing, custody and collateral services for Europe, the Middle East and Africa between 2011 and 2014.
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