Finalto, a financial solutions provider, has promoted Andrew Biggs, its Head of Liquidity and Systematic Market Making, to the role of Group Head of Risk Trading.
Biggs announced the update on Thursday on his LinkedIn profile. However, his profile shows he took on the new role earlier in August. Biggs has been the Head of Liquidity at CFH Clearing Limited since May 2018, which is a position he maintained even after Finalto acquired and renamed CFH Clearing.
Before Finalto, Biggs, who has held top executive positions at various firms over the last 10 years, was the Head of Liquidity and Risk Analysis at IS Prime Limited, a brokerage services firm that is a part of the ISAM Capital Markets Group. He joined the firm in December 2014 as the Head of Electronic Trading Solutions.
Before IS Prime, Biggs handled institutional sales at Sucden Financial Limited, a multi-asset execution, clearing and liquidity provider, and worked there for two years between January 2013 and December 2014. In addition, he spent over a year at ICM Capital, a UK-based global multi-regulated financial services provider, serving first as a Sales and Relations Executive and later as the UK Sales and Relations Manager.
Other Exec Moves at Finalto
Meanwhile, Finance Magnates reported that Ron Hoffman, the Group Chief Executive Officer of Finalto Group, and Liron Greenbaum, the Group Chief Operating Officer (COO), exited the financial solutions providers last week after working there for over seven years.
Moreover, Finalto appointed Matthew Maloney, a financial industry veteran with over two decades of experience, to take over from Hoffman as the new Group CEO. Maloney was the CEO of Finalto Financial Services and Finalto Trading until the promotion. He took on the former role in February 2021. Before Finalto, Maloney was the CEO of CFH Clearing Limited.
So far, Maloney has worked for top financial organizations such as TTT Moneycorp, FTSE International, the London Stock Exchange and PricewaterhouseCoopers in a career experience spanning over 25 years.
