Global funds network Calastone has made three strategic hires to support the next stage of its growth.
Early FinTech champion and experienced banker Ahsan Raza joins as CFO, former McKinsey associate partner, Varun Atre becomes head of product, while experienced technology executive Paul Elflain is the new head of DMI [distributed market infrastructure] sales.
“The funds industry is facing pressure to innovate and digitally transform with an increasing need to provide better experience and value to investors,” said Julien Hammerson, chief executive officer at Calastone.
“We aim to support the industry through its digital transformation by combining the best technology with the connectivity of our global network. I’m thrilled to welcome the exceptional talent and experience that Ahsan, Varun and Paul bring to help us deliver on this mission.”
Before joining Calastone, Raza was a managing director and co-head of the technology investment banking coverage team for Barclays in EMEA. In his new role as CFO, he is responsible for managing all financial and strategic activities of the business.
Atre meanwhile, will oversee the continued innovation of Calastone’s product offering. While with McKinsey & Company, he helped guide a range of technology and financial services product and go-to-market strategies.
Elflain will fill a newly created role driving Calastone’s DMI Fund Services solution. He brings experience in leadership roles at global technology firms including Linedata, FIS Global and DTCC Omgeo.