Coremont hires new CTO away from JP Morgan

The investment management platform formerly of hedge fund giant Brevan Howard has hired its new CTO away from JP Morgan, where he ran the bank’s middle-office and post-trade ops.  

Balaji Krishnamurthy

Coremont, the operational infrastructure platform that spun off from hedge fund Brevan Howard in 2018, has hired Balaji Krishnamurthy as its new chief technology officer, The TRADE can reveal.  

Krishnamurthy was most recently managing director of post-trade technology at JP Morgan, based in New York, which included the role of global head of middle-office for equities and fixed income, and global head of post-trade technology for equities, prime and wealth management.  

He joined JP Morgan in 2014 from Barclays, where he spent four years as director of post-trade technology. Prior to that he was a prime broker and cash equity head for Nomura in Mumbai, India, which he joined through the bank’s acquisition of Lehman Brothers (where he worked as prime broker technology lead) in 2008.  He started his career as a software engineer with Goldman Sachs.  

Coremont, which currently services over $50 billion in assets for (mostly) alternative asset managers, has been on a hiring drive this year, most recently with the appointment of State Street’s former global head of custody, Akbar Sheriff, as global COO.  

Earlier in the year, the firm hired Chaim Hack, formerly of Enfusion Systems, as head of business development; as well as Yu Xu of Quontigo as deputy head of product, both based in Coremont’s London office.  

Although not yet publicly announced, Krishnamurphy’s appointment was confirmed to The TRADE this week by a Coremont spokesperson.