Former BrokerTec business development head joins as global head of fixed income

Incoming appointment previously held positions at Brevan Howard spinout SigTech and CME Group’s BrokerTec. has appointed David Culshaw as global head of fixed income; a newly created role which reflects the fintech’s expansion into the fixed income space. 

Culshaw joins from Brevan Howard spinout, SigTech, where he served as global head of business development. 

Elsewhere, Culshaw held a leadership role at CME Group’s BrokerTec, where he held responsibility for the commercial development of the firm’s dealer-to-client RFQ repo platform across EMEA and North America.

Culshaw has a background working with both the buy- and sell-side across a range of financial products including interest rate derivatives, securities financing and cash bonds. 

“[Culshaw’s] extensive experience and expertise in fixed-income financial markets will be invaluable as we continue to expand our platform and deliver innovative solutions to our clients,” said David Raccat, chief revenue officer and co-founder at Wematch.  

“David’s appointment underscores our commitment to providing best-in-class services and driving the transformation of the securities finance industry.” 

As part of the new role, Culshaw will hold responsibility for driving the growth strategy for Wematch’s fixed income division, expanding the firm’s client base and developing its product offering further to meet evolving market needs. 

“I’m excited to join the talented team at Wematch, where their cutting-edge technology is matched by a relentless commitment to customer satisfaction,” said Culshaw.  

“In the fixed income space, particularly with financing products like Total Return Swaps (TRS) and securities lending, there’s significant room for innovation through automation, standardisation, and technology. I look forward to collaborating with the market to develop solutions that address these challenges and deliver widespread benefits.”