Instimatch Global, a digital network for institutional money market lending, announced today that it has opened a new office in Amsterdam. This is part of the firm’s ongoing expansion in Europe.
The latest office adds to the company’s other locations in Germany and Switzerland. To lead the new office, Roel Schuring has been appointed. He will handle sales in the Netherlands and Belgium.
The move to Amsterdam is not overly surprising, as the country’s market is fitting for Instimatch’s business model. Specifically, the Dutch institutional market is filled with large insurers. According to a statement from the firm, the market currently has more than €400 billion in assets under management. Some of the biggest pension funds in the world also call this market home.
Daniel Sandmeier
Source: LinkedIn
Speaking on the expansion into Amsterdam, Daniel Sandmeier, CEO of Instimatch Global, said: “We’re delighted to have opened in Amsterdam and to have such an experienced institutional sales leader as Roel to lead our efforts in the Benelux. Instimatch Global’s plan was always to internationalise quickly, as making the nationally-siloed unsecured money market more international is at the heart of what we offer.
Dutch money markets are highly sophisticated, but we are convinced we can offer greater efficiency, better pricing and enhanced counterparty risk diversification internationally. We are already active in Switzerland, Germany, and naturally assessing how to grow our business in the UK.”
Roel Schuring’s new role with Instimatch Global
Schuring has been with Instimatch since the beginning of the year, working in the company’s sales department as a money market specialist, according to his LinkedIn profile. Schuring has over 15 years' experience in covering interest rate and money market products as a senior trader at ING Bank and previously ABN Amro, and he has serviced institutional clients as a senior sales at ING Bank.
Before joining Instimatch, Schuring most recently worked at ING Bank where his latest role was Senior Government Bond Repo Trader. He holds an MSc in Financial Economics from the Vrije Universiteit Amsterdam and a designation in Financial Risk Management (FRM).
Roel Schuring
Source: LinkedIn
Commenting on his new role, Schuring said: “I’ve always taken a strong interest in the mechanics of financial markets and in applying new technologies – I could immediately see how compelling Instimatch Global could be to the various types of institutional accounts I had serviced over many years.
The Netherlands is very open to technological innovation, so it is a natural next step for Instimatch Global to expand our business. In the coming weeks we’ll be knocking on doors across the Benelux to start to build our business here, as part of our digital European money market network. We are straightforward to use in terms of onboarding etc, and we want firms in the money market to try us out.”
