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Industry news

David Raccat to oversee whole Wematch offering for EMEA


30 January 2019 Paris
Reporter: Jenna Lomax

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Image: Shutterstock
David Raccat, CEO and founder of Wematch.SecuritiesFinancing, is to oversee the whole Wematch offering for Europe, the Middle East and Africa (EMEA).

Raccat will be responsible for securities financing, equity derivatives and interest rates.

As part of his new role, he will continue to oversee Wematch Securities Financing but will extend oversight on Wematch Equity Derivatives and Wematch Interest Rates from an EMEA standpoint.

This comes as Wematch extends the scope of Wematch Equity Derivatives, announced in September last year, with delta one products.

Raccat explained that the firm is in the process of releasing its new Wematch Interest Rates platform in the coming weeks so there is a need for cross-asset oversight.

He founded Wematch.SecuritiesFinancing in May 2017.

Previously, Raccat served at BNP Paribas Securities Services in various roles between September 2001 to January 2017.
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