Derivative Path announces Kristin Kelly as CPO and Frank Purnell as CIO

Rick Steves

Derivative Path, a frontrunner in capital markets technology and derivatives services, has announced pivotal additions to its executive team. The firm has appointed Kristin Kelly as Chief Product Officer (CPO) and co-founder Frank Purnell as its first-ever Chief Innovation Officer. These strategic appointments are designed to accelerate the company’s innovation and expansion, emphasizing its commitment […]

Derivative Path, a frontrunner in capital markets technology and derivatives services, has announced pivotal additions to its executive team. The firm has appointed Kristin Kelly as Chief Product Officer (CPO) and co-founder Frank Purnell as its first-ever Chief Innovation Officer.

These strategic appointments are designed to accelerate the company’s innovation and expansion, emphasizing its commitment to serving the evolving needs of its banking and corporate clientele.

Derivative Path renews focus on product and innovation

Pradeep Bhatia, Co-Founder and CEO of Derivative Path, expressed his excitement over the new appointments. “With Kristin’s exemplary track record in building top-notch product organizations, she brings a wealth of expertise that will help us scale and fine-tune our product offerings for our burgeoning client base,” said Bhatia. “And Frank, who has been a pillar of Derivative Path since its founding, will leverage his profound technical acumen to introduce groundbreaking features, widening our technology’s reach. With their contributions, we are well-positioned for transformative growth.”

Kristin Kelly comes with an impressive two decades of experience in product development and strategy at high-growth trading and investment tech firms. Most recently, she served as Head of Product at Allvue and was previously the Regional Head of Product Management at Fidessa Corporation, which was acquired by ION Group in 2018. At Derivative Path, Kelly will be responsible for aligning the company’s product roadmap with its rapidly growing business.

“Derivative Path has distinguished itself as a true market leader with its exceptional offerings and technology,” Kelly remarked. “I’m excited to contribute to the firm’s ongoing expansion, ensuring that our products not only meet but exceed the market’s evolving demands.”

Frank Purnell, in his new role as Chief Innovation Officer, will be pivotal in advancing Derivative Path’s technology capabilities towards its next-generation platform. He will leverage his extensive industry knowledge to modernize derivatives trading and bring DerivativeEDGE, the company’s trading platform, to a broader audience.

“I look forward to bringing new features and products to market that democratize access to revenue-generating derivatives and complex hedging activities for organizations of all sizes,” Purnell said, commenting on his new role.

Derivative Path offers solutions for FX, commodities, OTC interest rates

This announcement follows a string of strategic alliances for Derivative Path, including a recent partnership with the Jack Henry Vendor Integration Program, integration with Q2’s digital banking platform, and a collaboration with Goldman Sachs to offer FX and global payments services to regional and community banks in the U.S.

The firm also received accolades as the 2023 winner of the Waters Ranking for Best Cloud-based Applications Provider and continues to complement its technology offerings with a comprehensive derivatives trading program for financial institutions, private equity firms, and corporate clients.

Derivative Path is a capital markets and technology powerhouse that focuses on aiding institutions of all sizes in risk mitigation and financial goal attainment. Their cloud-based platform offers a scalable solution that simplifies international payments and OTC Interest Rate, FX, and Commodity Derivatives, making it easy for organizations to manage their entire trade lifecycle. For further information, visit Derivative Path’s website.

The new appointments mark another chapter in Derivative Path’s ongoing story of growth and innovation, indicating a heightened focus on not only keeping pace with but also shaping the future of the rapidly evolving capital markets landscape.

Read this next

Digital Assets

Binance to phase out BUSD support in two weeks

Binance has announced its plans to gradually phase out support for its native stablecoin, BUSD (Binance USD) by December 15, 2023. This move comes after Paxos, the issuer of BUSD, decided to stop minting new tokens.

Web3

Binance Labs invests $3.15M in Open Campus to advance Web3 education

Binance Labs, the venture capital arm of the cryptocurrency giant Binance, has invested $3.15 million in Web3 education platform Open Campus.

Institutional FX

Brighty App unveils EU B2B payment platform amidst exploding market

Brighty App is set to launch its European B2B platform, Brighty Business, this month. This platform is geared towards improving how businesses handle their financial operations, especially in the digital banking and cryptocurrency domains.

Digital Assets

Celsius’ withdrawal process slowed by overwhelming demand

Bankrupt crypto lender Celsius is taking steps to allow certain customers to withdraw their funds. However, some users have reported difficulties in logging in to process their withdrawals, as indicated by posts on various social media platforms.

Digital Assets

Cristiano Ronaldo hit with $1 billion lawsuit over Binance NFTs

Cristiano Ronaldo, the renowned footballer, is facing a class-action lawsuit in the United States over his promotion of Binance, the world’s largest cryptocurrency exchange.

Digital Assets

Zipmex creditors offered 3.35 cents on the dollar payout

Zipmex, a Thai crypto exchange grappling with financial difficulties, has proposed a restructuring plan to repay its creditors.

Digital Assets

FSB warns of risks posed by multifunction crypto-asset intermediaries

The report on Multifunction Crypto-Asset Intermediaries (MCIs) provides an in-depth analysis of these entities which combine various crypto-asset services and products, typically centering around a trading platform. These services can include proprietary trading, investment functions, issuance, promotion, and distribution of crypto-assets, including stablecoins.

Retail FX

Indonesia launches PosPay Gold: a Sharia-compliant physical gold trading app powered by Kinesis

“Partnerships like the just realized POSPay Gold in Indonesia will revolutionize the global monetary system and economy and will enable citizens to have access to trading in gold while being sharia-compliant and having the freedom to realize their everyday financial needs.”

Retail FX

Webull acquires Flink to enter Mexican market ahead of further LATAM expansion

“Given our success in the United States and the establishment of our global headquarters in St. Petersburg, Florida, the Mexican market is a natural next step in our efforts to democratize finance for investors across the world. We anticipate using Mexico as a springboard into greater Latin and South America, where we believe there is a strong desire among retail investors to access global markets.”

<