Baton Systems (“Baton”), the global fintech digitally transforming post-trade processing using distributed ledger technology (DLT), has announced the appointment of Ronn Baker as Senior Director of North American Sales.
Ronn previously served at Wells Fargo, where he was most recently Director of Innovation & Digital Strategy, spearheading the implementation of DLT, cryptocurrencies and digital assets for the FX trading and Capital Markets division. Having been at Wells Fargo for nearly 15 years, Ronn brings vast experience, with his tenure at the company spanning FX technology, eCommerce sales and institutional sales for cross-border payment solutions and services.
Reporting to Baton’s Global Head of Sales, Alex Knight, Ronn will be US based and work closely with the firm’s bank clients and prospects in expanding the reach of the Baton CORE™ suite of solutions that span FX, payments, liquidity and collateral. In his new role, Ronn joins an experienced team, which is advised by some of the industry’s most senior names including former Basel Committee Secretary General, William Coen, and J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC).
Ronn’s appointment follows Baton’s December 2021 announcement that the firm’s DLT-based Core-FX™ solution had powered the world’s first interbank riskless settlement outside of CLS. He joins as adoption of Baton’s technology, which is designed to address the most critical risk, capital and liquidity issues impacting post-trade today, continues to increase. Having orchestrated the settlement of more than 15 million transactions over the last 12 months, several of the world’s largest banks are now using Baton’s technology, which has facilitated the settlement of more than $3.5 trillion of cash and securities to date.
Arjun Jayaram, CEO and Founder of Baton Systems, said: “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 everyday, 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.”
Commenting on his appointment, Ronn Baker said: “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.”