The chief executive officer of Taskize, the start-up provider of operations workflow between counterparties, has stepped down from the role after a decade in charge.
John O’Hara has steered Taskize from start-up status to serving a community of over 350 financial firms in 53 countries, comprising buy-side, sell-side and infrastructure providers including Euroclear, LCH and DTCC.
He will step down in November and be replaced by Philip Slavin, chief operating officer and co-founder.
The bulk of O’Hara’s experience prior to Taskize came at JP Morgan, where he was chief architect for global equities, futures and options, and prime brokerage, for almost 17 years.
O’Hara will remain on the board of Taskize as a strategic advisor.
Taskize replaces phone and email within the operational process, improving security, simplifying access, and ensuring clients know the progress and status of their requests.
It’s emerged as a poster child of Euroclear’s innovation strategy which involves investment, acquisition and partnerships.
“Taskize is a leader in its field, delivering true innovation to the back office. Since inception, it has experienced continued strong organic growth and extended its global presence,” said Jo Van de Velde, head of group strategy and product expansion at Euroclear.
“We have seen the operational efficiencies this technology can deliver and we expect Taskize and its talented people, to continue to provide exceptional service as it enters this new phase of growth.”
The FinTech explains on its website that its secure Bubble environments enable participants to work directly with its client service teams and their counterparties, regardless of location or market, with the result being improved response time, increased accuracy and more control over activity.
After gaining investment from Euroclear, Taskize has been rolling out its solution and growing its uptake across the securities services industry.
A year ago, Euroclear’s group of Eurozone central securities depositaries (CSDs) deployed the inter-company workflow solution from Taskize as their primary client service channel for all types of requests, including complex queries.
ESES, the group comprising of the CSDs in France, Belgium and Netherlands, follows Euroclear Bank and its UK & Ireland operations in implementing the platform.