DIGITEC announced that it has advanced Peer Joost to Chief Executive Officer, effective January 2022.
Recently announced in a press release shared with Finance Magnates, Peer Joost, a co-inventor of the ‘Swaps Data Feed’ (SDF), has been elevated by DIGITEC, a German eFX pricing solutions provider, to the rank of Chief Executive Officer.
The appointment follows Hans-Jürgen Joost’s, a software pioneer, retirement who was one of the founders of DIGITEC in 1981. DIGITEC is a specialist provider of FX Swaps technology and data. Joost intends to work on a new phase of growth, extending to its range of services and supported assets. Additionally, he will increase access to a broad category of clients across the globe.
A Review of Peer Joost’s Career
Joost’s experience has always been in the family business since he began just over ten years ago in October 2011. His intial post was Product Services and Sales, which he fulfilled over two and a half years. He then received a promotion in the Spring of 2014 to Product Manager. After another three and a half years, he worked his way up to Head of Marketing and Sales. He put about the same time into that role before he received the promotion to COO & Managing Director in January 2021. Over the last year, he reported directly to the CEO and owners and was responsible for the day-to-day administration and operation at Digitec.
A New Phase of Growth
Commenting on the promotion, Peer Joost, the CEO of DIGITEC, said: "I would like to formally recognise my father’s contribution to DIGITEC’s growth over the last 40 years. As CEO, he led a team which successfully navigated the Scandinavian banking crisis, the dot-com bubble and global financial crises, reinventing our products and services to satisfy the changing needs of the market and firmly establishing DIGITEC as a pioneering Software and Data Service company and global market leader for FX Pricing solutions. I am delighted to take over as CEO as we begin a new phase of growth, which extends our range of services and supported assets and increases access to a wider group of clients around the world."
The family business of DIGITEC is one of the World’s leading software providers of eFX pricing solutions. Over forty banks already trust in its D3 technology for their Forward, Swaps, NDF and Money Market pricing, including more than 50% of the Euromoney Top 50 FX trading firms.
At the end of June 2021, DIGITEC hired Stephan von Massenbach as its CRO and opened a new London office. The company highlighted that the new office in London was established due to the increasing number of inquiries from banks and trading desks based in London.
