A bond issuance platform that deploys blockchain technology has appointed the former chief operating officer at MarketAxess as its new CEO.
Scott Eaton takes on the role as chief executive at Nivaura after most recently leading pre-trade bond analytics specialist Algomi as CEO until it was acquired by interdealer broker BGC Partners last year.
Nivaura, which is backed by the London Stock Exchange Group (LSEG), confirmed that its founder Avtar Sehra will become president and focus on product development in automation technology after several new partnerships and business wins.
Most recently, Nivaura’s technology was installed by DBS Bank of Singapore to develop an automated digital bond issuance platform. The technology is also used by LSEG for its multi-dealer primary debt markets platform, Flow, which was also automated issuance processes.
“Nivaura has made a substantial leap forward this year, with our ground-breaking projects with LSEG and DBS Bank,” Sehra commented. “As we exploit our growth opportunities to the full, I will be concentrating on accelerating innovation and our product roadmap, while Scott takes the lead on running the day-to-day business and equipping us to scale up quickly.”
Eaton has extensive experience in fixed income having previously been COO at fixed income trading platform provider MarketAxess from 2015 until 2018. Prior to MarketAxess, held various senior roles at ABN Amro, Royal Bank of Scotland, Deutsche Bank, and at UniCredit where he was global head of emerging markets trading.
“As a former bond trader, I know how attractive the type of digitisation and automation that Nivaura can bring to primary markets will be to many banks, exchanges, and investors,” Eaton added.