Clear Street, an independent prime broker based in New York, has made two key appointments. Jonathan “Jon” Daplyn has been named as the chief information officer, while Hari Godbole has been appointed as the managing director and vice president of engineering. These appointments will take effect immediately.
As the chief information officer, Daplyn will be responsible for leading a team of 150 technologists at Clear Street. He will report to Chris Pento, the co-founder and CEO of Clear Street. Meanwhile, Godbole will report to Daplyn and oversee technology for Clear Street’s derivatives, securities finance, and clearing, settlement, and custody operations.
The appointments of Daplyn and Godbole are crucial for Clear Street as the company aims to create a technology-focused experience for prime brokerage. Sachin Kumar, the co-founder, and chief technology officer of Clear Street, expressed his confidence in their abilities to help guide the organization towards this goal. Kumar stated, “Our ability to attract such talent is a testament to all the hard work we’ve put into building this business.” He further added that under their leadership, Clear Street will enhance its client experiences and work towards replacing outdated infrastructure in the capital markets.
Daplyn joins Clear Street from Morgan Stanley, where he played a significant role in building a global prime brokerage business. He served as the head of prime brokerage technology in his most recent position. With his experience and expertise, Daplyn is expected to manage and implement Clear Street’s product and engineering roadmap.
Expressing his excitement about joining Clear Street, Daplyn said, “With its cloud-native clearing and custody system, Clear Street is setting the standard for technology in risk management, execution management, portfolio management, and more.” He is looking forward to working with Sachin and the team to deliver exceptional product experiences to clients.
Godbole brings over 20 years of experience to his new role at Clear Street. He previously worked at Cantor Fitzgerald, serving as the CIO of Cantor Fitzgerald Secured, the CIO of Helix Financial Systems, and the chief technology officer of post-trade technology. He has also held senior positions at Citi, Fidelity Capital Markets, and J.P. Morgan.
Clear Street has been making significant moves in expanding its business. The company recently announced its plans to enter the futures clearing market through the acquisition of React Consulting Services, LLC and its proprietary cloud-native futures clearing platform, BASIS. Additionally, Clear Street revealed its intention to build an investment banking business earlier this year, appointing industry experts to lead the new practice area.
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