– UK, London – KRM22 Plc. (LON: KRM), the technology and software investment company that focuses on risk management for capital markets, announces the appointment of Garry Jones as an independent Non-Executive Director of the Company.
Mr Jones will replace David Ellis, Independent Non-Executive Director, who notified the Board of his intention to step down from the Board with immediate effect after being with the Company since its IPO in early 2018. Mr Ellis is stepping down to focus on other business commitments and a relocation to the United States.
Keith Todd, Executive Chairman commented: “All the team thanks warmly David for his valuable contributions since KRM22’s IPO and we wish him well with his new focus in the USA.
We are delighted to welcome Garry to the KRM22 Board. Garry brings deep knowledge and expertise of capital markets and has managed risks himself throughout his career in multiple ways. Garry’s decision to join the KRM22 Board reflects his view of how important the KRM22 Global Risk Platform is and the opportunity we have to help customers reduce the cost and complexity of managing their risks. All the team welcomes him warmly.”
About Garry Jones
Garry has over 35 years’ experience in financial services and has been CEO of three of the largest derivatives and OTC exchanges in Europe: BrokerTec, LIFFE and the London Metal Exchange. He has contributed to the business change, growth, and globalisation in exchanges, driving the momentum behind electronic trading and increased efficiency in the post trade environment via straight-through clearing.
Garry was part of the initial management team at BrokerTec, becoming CEO and President of BrokerTec Europe, before running ICAP Electronic Broking – the forerunner of NEX. Brokertec became the largest global OTC trading platform, with major strengths in government bonds and repo. He joined NYSE Euronext in 2005 and was Global Head of Derivatives and CEO of the NYSE LIFFE exchange. In 2013 he became Co-Head of Markets at HKEX and CEO of the LME, based in London but with an office in Hong Kong and spending considerable time in Asia, with a major focus on China. He left HKEX in 2017, remaining an advisor to the company until 2018.
Garry was a founder member of the Futures and Options Association’s European Industry Council and was a member of the UK’s Financial Services Authority senior Practitioner Panel that advised on new policy initiatives under the UK’s former regulatory regime. He was on the Board of The Federation of European Security Exchanges and alternate Board member of the World Federation of Exchanges. He served as a Director of The London Clearing House as well as the Qatar Exchange.
With the resignation of David and the appointment of Garry, the Board remains comprised of three independent Non-Executive Directors and the three Executive Directors.
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms’ regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.
Capital markets companies’ partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world’s major financial centres.
For more information: https://krm22.com
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