The SIX Digital Exchange (SDX), has appointed Tim Grant as its new Head of Business. Tim possesses over 20 years of deep technology and management expertise across institutional capital markets and enterprise blockchain businesses from his time serving senior positions in financial services including CEO of the R3 Lab and Research Centre and Managing Director at UBS O’Connor and UBS Investment Bank. He has been recruited to drive the organisation’s next phase of growth as it looks to build the financial ecosystem of tomorrow. The appointment marks a significant commitment to strategic growth for SIX as SDX continues to develop its fully integrated issuance, trading, settlement, and custody infrastructure for digital assets to serve financial institutions across global capital markets.
Tim’s expertise in delivering and operating enterprise-grade distributed ledger solutions for financial services will be key in taking SDX into its next phase. Currently, the SDX team of over 100 professionals is working with banks and trusted partners to bring to market the first products and services that deliver business value to institutional clients. SDX is not only aiming to build the world’s first fully-regulated end-to-end DLT based digital asset exchange, but is creating a whole ecosystem that is expected to transform the financial services industry, and Tim will drive this vision.
Thomas Zeeb, Head Securities & Exchanges at SIX Group, and Chairman of SDX, said: “Tim has a comprehensive background in both the new and old worlds of capital markets innovation. This background is an essential prerequisite to successfully lead the development of SDX and to fulfil SIX’s growth ambition to build the financial ecosystem of the future. We are pleased to have him on board and look forward to working with him to execute our vision.”
Speaking on his appointment, Tim Grant said: “I am very excited to join the leadership team at SDX as they aim to launch the world’s first end-to-end digital exchange. The team has already made huge progress and I’m looking forward to contributing my experience and working with our institutional clients around the work to continue the growth and expansion of the next generation of financial market infrastructure.”
SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services and Financial Information business units with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center. The company is owned by its users (122 banks). With a workforce of some 2,600 employees and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.
SIX Digital Exchange: The first market infrastructure in the world to offer a fully integrated end to end trading, settlement and custody service for digital assets.