Appital, the equity capital marketplace, announced that it has recruited Mike Wharton as its new Head of Product.
Finance Magnates recently learned from a press release that Mike Wharton, a technologist with a background in equity capital markets, has been selected by Appital, a provider of better liquidity exposure to buy-side clients, as its new Head of product.
Moreover, Wharton will bear the weight of the company vision to convey innovation and automation in equity capital markets. This will require unlocking and uncovering liquidity for investors to provide them greater exposure to handle flow and execution opportunities.
Additionally, Wharton brings vast experience within equity capital markets, data engineering and analytics. His most recent employment was at Kubrick Group as its Technology Consultant. Here, he drove its teams dealing with a myriad of fintechs to maximise value from their technology and data. These consisted of brokerages, asset managers and insurers.
Appital’s Vision
In addition, Appital’s latest fund round aims to accelerate the company’s technology infrastructure development. Also, it plans to integrate with financial institutions and technology vendors as well as expand its engineering team. Currently, the process is already in action as it previously announced its partnership with Turquoise and the integration with FlexTrade.
The CTO and Co-Founder of Appital, Pete Correia said: “I very much look forward to working with Mike to help define Appital’s technological offering. Building and delivering a product that meets the advanced needs of our clients is central to our goal of bringing technological innovation to equity capital markets.”
“Appital’s vision of better serving equity capital markets through technology is compelling, and I am delighted to be working with Mark, Pete and the rest of the team to make this vision a reality,” Wharton added.
Furthermore, Appital offers liquidity opportunities for buy-side firms and in small and medium cap stocks. This allows the execution of large volumes, with minimal market impact or risk of price erosion.
