Baton Systems Has Named Ronn Baker as Senior Director of North American Sales

Baton Systems (Baton) has announced that it has named Ronn Baker as Senior Director of North American Sales.

Recently announced in a press release shared with Finance Magnates, Ronn Baker, an executive director with almost fifteen years of experience at Wells Fargo, has been selected by Baton Systems, a global fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term digitally transforming post-trade processing using distributed ledger technology (DLT), as a Senior Director of North American Sales.

Baker brings broad experience in FX technology, eCommerce sales and institutional sales for cross-border payment solutions and services to the new role. Located in the US, he will report to Alex Knight, the Global Head of Sales. He will work in close collaboration with the company’s bank clients and prospects in widening its reach of the Baton CORETM suite of solutions, covering FX, payments, liquidity and collateral.

The timing of the appointment coincides with the increasing adoption of Baton’s technology that addresses the key factors involved in risk, capital and liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term issues that affect post-trade.

A Brief Look at Baker’s Vocational History

Prior to the announcement from Baton Systems, Baker served WellsFargo as the Director of Innovation & Digital Strategy. For more than two years, she spearheaded the implementation of distributed ledger technology (DLT), crypto-currencies and digital assets for the FX trading and capital markets division, among other responsibilities, according to his LinkedIn profile.

Before that, he spent more than twelve years at Wells Fargo Securities. His last position was Director of Institutional Sales and Marketing in North Carolina, US. Here, he was in charge of trading and cross border payments and services including deal execution, enterprise payment channels, API's and third-party solutions. Earlier on, the company appointed him as FX Specialist of eCommerce Sales. Over four years, Baker administered the processing of the day-to-day international payments initiated by the bank’s FX Desk and Wire Transfer group, as well as customers via online banking channels.

Baker’s first known position was FX Senior Analyst Technology from 2007 to 2009. In this post, he supervised and implemented technology solutions for business lines while abetting the eCommerce conversion of more than four hundred clients.

To Promote the Broader Evolution of the Financial Ecosystem

Commenting on the announcement Arjun Jayaram, the CEO and Founder of Baton Systems, stated: “I am delighted to welcome Ronn to Baton. Ronn brings invaluable experience to our growing team and has witnessed the impact that our DLT technology can have every day, enabling real-time, riskless settlements in a live production environment. I’m excited to work with Ronn and help further communicate how Baton is working not only to help address the post-trade market structure challenges of today but also to promote the broader evolution of the financial ecosystem.”

“Baton is pioneering real transformation in post-trade market structure and I’m very excited to be part of this industry-defining journey. Baton’s use of DLT is addressing a real industry need and I believe the level of choice and control the Core suite of products offers will soon become the market standard. I’ve seen first-hand what’s possible and know that Baton’s transformative technology offers industry-wide benefits. Along with Arjun and the whole team, I believe that Baton is driving the future of the industry,” Baker added.