S3 appoints Bloomberg exec as first chief revenue officer
26 June 2020 New York
Image: Shutterstock.com
Financial data and technology provider S3 Partners has appointed Bloomberg’s former global head of product, Palak Patel, to the newly-created role of chief revenue officer.
S3 Partners provides pricing and analytics for capital markets, including real-time shorting data, along with solutions that aim to connect clients to their critical investment data.
Reporting to S3 Partner’s managing partner Bob Sloan, Patel has assumed responsibility for oversight of global enterprise and platform business development at the financial data and technology firm, supported by his expertise in multi-asset class offerings for portfolio management, compliance and operations.
Patel previously served as business manager and global head of product for Bloomberg Asset and Investment Manager between 2015 and 2019.
During this period he cultivated experience in senior business and product management, including the creation of a portfolio management, trading, and investment operations platform.
Before that, he operated as a product manager for the International Securities Exchange from 2004 to 2008.
Sloan says he has worked with Patel over the past five years and was impressed by his “work ethic and deep understanding of how technology and data can improve investor and client outcomes has stood out”.
Moreover, Sloan adds that Palak's time with Bloomberg and the International Securities Exchange combined with his experience developing and commercialising enterprise platforms “has resulted in a strong understanding of the financial technology industry and a wide-reaching network uniquely situated to help us expand our reach globally”.
Of his new role, Patel says: “I am a strong believer that data and transparency help clients make better investment decisions. S3's platform provides the highest quality data and insights quicker and more intuitively than any other third-party provider on the Bloomberg ecosystem.
“It is clear that Bob and his team have listened closely to their customers and shaped S3's offerings to effectively meet their needs and bring much-needed transparency to the marketplace.”
S3 Partners provides pricing and analytics for capital markets, including real-time shorting data, along with solutions that aim to connect clients to their critical investment data.
Reporting to S3 Partner’s managing partner Bob Sloan, Patel has assumed responsibility for oversight of global enterprise and platform business development at the financial data and technology firm, supported by his expertise in multi-asset class offerings for portfolio management, compliance and operations.
Patel previously served as business manager and global head of product for Bloomberg Asset and Investment Manager between 2015 and 2019.
During this period he cultivated experience in senior business and product management, including the creation of a portfolio management, trading, and investment operations platform.
Before that, he operated as a product manager for the International Securities Exchange from 2004 to 2008.
Sloan says he has worked with Patel over the past five years and was impressed by his “work ethic and deep understanding of how technology and data can improve investor and client outcomes has stood out”.
Moreover, Sloan adds that Palak's time with Bloomberg and the International Securities Exchange combined with his experience developing and commercialising enterprise platforms “has resulted in a strong understanding of the financial technology industry and a wide-reaching network uniquely situated to help us expand our reach globally”.
Of his new role, Patel says: “I am a strong believer that data and transparency help clients make better investment decisions. S3's platform provides the highest quality data and insights quicker and more intuitively than any other third-party provider on the Bloomberg ecosystem.
“It is clear that Bob and his team have listened closely to their customers and shaped S3's offerings to effectively meet their needs and bring much-needed transparency to the marketplace.”
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