Rosenblatt Securities announced on Monday that it has hired Raman Kannan as its new chief technology officer (CTO). He will manage a team of six full-time employees and a number of consultants and will report to Joe Gawronski, president and COO.
Kannan has previously held positions at Five Mile Capital Partners, GovPX before it was acquired by ICAP, and has been a member of the graduate faculty at Monmouth University in the software engineering department. Acording to Rosenblatt, Kannan’s experience includes launching his own consulting group, which specialised in FIX trading platforms and messaging systems, as well as executing technology projects at Citi, HSBC and ICAP.
“Our firm has always embraced technology to add value for our customers and deliver innovative solutions to the marketplace, including being the very first firm to develop a DMA solution for the buy-side back in the late 1980s,” comments Gawronski. “But today’s fast pace of regulatory and market structure changes, including RegNMS, the New York Stock Exchange hybrid market and new trading venues have made technological initiatives an ever-more important focus of the firm. Kannan’s experience makes him a perfect fit for us and the direction in which the industry continues to head,” he explains.
“Adding new leadership to direct our technology efforts lets us continue to deliver on the firm’s strategic initiatives and opportunities, by identifying and implementing distinctive electronic solutions for our clientele," remarks Scott Burrill, managing director and partner, Rosenblatt. "In addition, this added depth will strengthen our ability to work on several ongoing joint ventures in which automation and market structure intersect, and also accelerate our ability to push out to our customers the suite of transaction cost analysis tools we have deployed internally, as well as work on several custom, value-added projects for our clients,” he continues.