Bolero International has announced that Andrew Raymond has been appointed as its new CEO.
Mr Raymond joined Bolero in August 2017 as Global Sales Head and is now taking the CEO role with the mission to bring to market new and innovative client solutions which leverage the Bolero capabilities and address the current and emerging market opportunities.
He has more than 20 years of global sales and client management experience with leading solution providers such as FIS, Algorithmics and Smartstream, and brings a background of innovation and client delivery in the capital markets and transaction banking field. He has successfully launched a number of new products for his previous employers in close collaboration with clients across diverse areas such as collateral management, corporate actions, reconciliations, credit scoring, derivatives middle office and risk reporting.
Daniel Cotti, Bolero Chairman, said: “Andrew has a proven track record of delivering client focused product innovation. Bolero’s next step is to provide new and innovative apps which will leverage and open up Bolero’s unique capabilities.”
Mr Raymond said: “The trade finance space presents unprecedented opportunities for Bolero to collaborate closely with clients, partners and industry initiatives to provide compelling and easy to use applications that drive value to our clients.”
Ian Kerr, Bolero’s incumbent CEO, leaves Bolero after five years and takes credit for enabling Bolero to take this next step forward. Ian expanded the Bolero community and has successfully positioned the company to support the opportunity to finance transactions originated through the logistics industry.
Daniel Cotti added: “The Board of Bolero would like to thank Ian for his contribution. It is thanks to Ian’s industry engagement that Bolero is well positioned to participate in the various new industry initiatives and business networks leveraging Bolero’s assets and deliver new solutions and clients access points with existing and new blockchain technologies. We are excited about the future potential of Bolero in the digital trade world. With Andrew Raymond as the CEO we have a proven leader in place to progress Bolero’s contribution to the trade finance eco-system.”