Coremont hires ex-JPMorgan Balaji Krishnamurthy as CTO

Rick Steves

Coremont’s flagship solution, Clarion, offers comprehensive coverage across all asset classes, including rates, fixed income, credit, FX, equities, commodities and cryptocurrencies.

Coremont has announced the appointment of Balaji Krishnamurthy as Chief Technology Officer of the FCA-regulated provider of front-to-back portfolio management support for hedge funds and institutional asset managers.

Balaji Krishnamurthy has more than 25 years of experience servicing Prime Broker, Equities, Custody and Wealth Management clients across leading financial firms.

Based in the United States, he joins Coremont bringing experience from JPMorgan, Barclays, Nomura, Lehman Brothers and Goldman Sachs.

Coremont to leverage Balaji Krishnamurthy’s experience at JPMorgan, Barclays, Nomura, Lehman Brothers and Goldman Sachs

At JPMorgan Chase & Co., he was Managing Director overseeing middle office and post trade technology based in New York. Prior to joining JPMorgan in 2014, Balaji was Director of Post Trade Technology at Barclays and previous to that he held positions at Nomura, Lehman Brothers and Goldman Sachs.

Jev Mehmet, CEO of Coremont, said: “We are thrilled to have Balaji join our team. We see significant appetite from the global investment management community for our scalable technology solutions based on proprietary risk analytics, and look forward to harnessing Balaji’s expertise as we further build momentum.”

Balaji Krishnamurthy, Chief Technology Officer at Coremont, commented: “I look forward to joining the team during a period of rapid growth and expansion into new distribution markets. Coremont’s deep commitment to developing and providing unrivalled solutions to its clients is impressive, and I am excited about the opportunity to contribute to its global growth trajectory and help our clients operate efficiently during the continued market change.”

The new hire follows the recent appointment of Akbar Sheriff as global COO in July 2022, as well as Yu Xu as Deputy Head of Product in August 2022 and Chaim Hack as Head of Business Development in May 2022.

Risk analytics and portfolio management tech cover FX, equities, crypto

Coremont offers web-based risk analytics and portfolio management technology combined with comprehensive operational services for investment managers and financial institutions.

Since its launch in 2018, Coremont’s team has grown to over 350 people, operating internationally from its offices in London, New York and Hong Kong.

Coremont’s flagship solution, Clarion, offers comprehensive coverage across all asset classes, including rates, fixed income, credit, FX, equities, commodities and cryptocurrencies.

Read this next

Retail FX

Robinhood delists Solana, Cardano, and Polygon amid SEC’s crackdown

Commission-free brokerage Robinhood Markets announced on Friday that it would be delisting three crypto tokens from its platform. The decision comes shortly after the U.S. regulators intensified its regulatory actions against major cryptocurrency exchanges.

Digital Assets

US wants Bittrex to settle federal dues before compensating customers

The U.S. government has raised objections to Bittrex’s proposal to compensate its customers, adding to concerns about the resolution of the crypto exchange’s bankruptcy case.

Digital Assets

Binance prepares to suspend US dollar funding after SEC crackdown

Binance.US said it will temporarily suspend US dollar deposits and provided customers with a deadline to withdraw their fiat balances. This decision comes after the US Securities and Exchange Commission (SEC) filed a lawsuit requesting the freezing of Binance’s assets in the country.

Digital Assets

Januar launches real-time payments network to fill gap made by Silvergate and Signature

“To all the entrepreneurs and innovators out there is a clear message: if you are a legitimate European business working with crypto then Januar is here to provide you with the account and payment infrastructure you need to operate successfully and build the financial system of tomorrow.”

Retail FX

Exness’ active clients top 515K as monthly volume hits $3.35 trillion

FX trading volumes are climbing again as economic uncertainty spurred by recent developments over central banks’ policies encouraged speculators to pile back into the market.


Danske Bank plans signficant investment in digital platforms

“We have decided to significantly increase our investments in our digital platforms, expert advisory services and sustainability, focusing on the areas where we see the best opportunities for profitable growth.”

Digital Assets

ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023

ERD, the Ethereum Reserve Dollar, is a decentralized lending platform and stablecoin that aims to provide a capital-efficient, decentralized, and stable solution to the challenges faced by the stablecoin industry, introducing a minimum collateralization ratio of 110% and a robust liquidation mechanism.

Institutional FX

CMC Markets acquires 33% stake in UK blockchain firm StrikeX

“This is a major strategic investment in the growing Web 3.0 technology space of which StrikeX Technologies gives us access to the very best technology and advancements. StrikeX is a brilliant, young dynamic company, with a very talented team that has its finger on the pulse of fast moving technologies.”

Digital Assets

Archax utilizes Hedera Hashgraph DLT to tokenize interest in abrdn’s money market fund

“It is exciting to see a tangible application of Archax’s tokenization engine working with Hedera and it paves the way for us to look at creating other digital, blockchain-based token investment solutions.”