FIXED INCOME

Ex-head of global markets at Bloomberg joins bond trading start up

George Harrington worked at Bloomberg for more than 10 years and most recently at Eris Exchange in global business development.

By Hayley McDowell hayley.mcdowell@strategic-i.com December 06, 2017 11:38 AM GMT

The former head of global markets at Bloomberg has joined a Toronto-based fixed income trading platform start up to lead its expansion into the US.

George Harrington joins Overbond as head of US business development, based in New York, as the platform is rolled out to more than 5,000 new US clients.

He most recently oversaw global business development at Eris Exchange, and prior to that oversaw Bloomberg’s fixed income, currencies and commodities sales and product teams for 10 years.

Harrington has held various positions across the industry, including at Tradeweb as head of credit default swaps trading and at PwC as a senior consultant.

Founded in 2015, Overbond claims to be the first end-to-end capital markets platform for primary bond origination and fixed income deal execution.

“Overbond’s proprietary algorithms have increased visibility of primary bond issue opportunities in Canada. In the US, Overbond will enable a wider ring of dealers, issuers, and investors to participate in primary issuance and at a dramatically lower cost,” Harrington commented.

Vuk Magdelinic, CEO of Overbond, added Harrington’s extensive experience across the buy- and sell-side will be instrumental in expanding the platform’s reach.