- Stephen Norman and John O’Hara bring over three decades of experience across the gamut of financial services
- Dr Stephen Norman will succeed Janhavi Dadarkar as Chair of the Board
- The appointments follow a period of rapid expansion for the firm including key company hires
London, 25 April 2023 – Adaptive Financial Consulting (Adaptive), the experts in electronic trading technology, today announces the appointment of two Non-Executive Directors (NED) to sit on its Board, Dr Stephen Norman and John O’Hara.
Beginning his career at Paribas Capital Markets, Stephen brings two decades of capital markets experience to Adaptive, including CIO at RBS Global Banking and Markets, and CTO and Head of Infrastructure and Data Services at Merrill Lynch. More recently he was a board member of DTSQUARED, a data consultancy company. He is a long serving judge of the Banking Technology Awards.
Dr Norman joins as Chair of the Board based in London. He succeeds Janhavi Dadarkar, CEO of MAIORA International. At the time of the board’s inception five years ago, Janhavi brought invaluable expertise in the space of governance, risk and control
John O’Hara adds extensive banking technology experience to the Board. O’Hara was co-founder and CEO of the Taskize inter-bank workflow SaaS, which he exited to Euroclear, as well as a JPMorgan Distinguished Engineer and Chief Architect for Equities, Commodities and Fixed Income at the bank, and at Bank of America. He has also held senior roles at RBS International Bank and BP Energy Trading. O’Hara currently serves on the boards of Finbourne, Taskize (Euroclear) and INETCO systems, is a Venture Partner with Fidelity International Strategic Ventures, and a mentor for the Accenture Innovation Lab. O’Hara invented AMQP/ISO19464 used in AWS, IBM and Microsoft products.
Commenting on his appointment, John O’Hara said: “I was delighted when the founders at Adaptive invited me to join their board. I’ve been following their progress with great interest. Adaptive allows their clients to deploy outstanding, cloud-native technology and stand apart from competitors. As CME and LSEG embrace cloud, now is the time to upgrade performance-critical trading infrastructure. Adaptive has the technology and domain expertise to drive this future.”
Commenting on his appointment, Stephen Norman adds: “As the big players in finance tackle the subtleties of modernising and migrating their trading platforms into the cloud, I believe that Adaptive will be a key participant. Its technology capabilities, including Aeron®, are cutting edge, and the company has the management and in-house technical expertise to complement this software with bespoke consultancy and development. I believe that Adaptive is a technology company with great potential, and I hope to contribute to its journey."
The current board includes Matt Barrett (CEO), Anthony Ball (CFO), Loic Rozé (COO), Oliver Deheurles (CTO) as well as Janhavi Dadarkar (current Chair of the Board) and Matteo Cassina (current NED) who will both be stepping down.
Matt Barrett, co-founder and CEO of Adaptive, commented: “We are thrilled to have Stephen and John join our Board. Their significant and in-depth expertise in wide-ranging specialty fields in capital markets technology will be integral to support Adaptive’s next stage of development.”
The two appointments follow Adaptive’s rapid growth, increasing its overall headcount by 18.8% over the past 12 months and 29% since 2020, with around 260 global employees today, as a result of the increasing demand from financial institutions to build proprietary trading technology.
Other recent appointment include Annekathrin Häse as Head of Marketing and Bhavesh Desai leading Technical Pre-Sales as well as the expansion of the sales team with several senior hires in London and New York; amongst them Mary Marland as Senior Solution Sales, Arek Baranowski as Senior Aeron Sales and Laura Turner as Key Account Manager.
Adaptive’s growth has also been driven in part by the doubling in size of the firm’s Aeron® engineering team, building systems for high-throughput, low-latency and fault-tolerant trading systems.
Tom Engleback / Eleonore Basle, Greentarget
T: +44 (0) 783 457 1183
About Adaptive Financial Consulting
Adaptive builds and operates bespoke, high-performance trading technology solutions across asset classes for financial services firms wanting to own their technology to differentiate and drive ongoing innovation for a lasting competitive advantage. Adaptive’s team of experts combine business insight, impactful design and technical excellence to deliver some of the leading trading systems in the industry.
Central to Adaptive’s offering is Aeron, the global standard for high-throughput, low-latency and fault-tolerant trading systems design. Adaptive invests in and develops Aeron technology, additionally offering bespoke applications, as well as expert consultancy to deliver best-in class proprietary trading technology. Adaptive has offices in London, New York, Barcelona and Montreal for global reach and support. Adaptive: Trading Technology - Built your way!