United Fintech adds Goldman exec Mark Lawrence to head new US operation
Online trading and banking technology startup United Fintech has announced that it is expanding into the US, with the appointment of Mark Lawrence from Goldman Sachs as Director and Head of Americas.
The company added that this is a major development for the fast-growth firm launched by Christian Frahm to help banks, hedge funds and asset managers to accelerate their transition to a digital world through access to fintechs specialising in capital markets.
Mark Lawrence joins United Fintech following 14 years at Goldman Sachs in senior sales roles in London, New York and Hong Kong, latterly as LATAM Head of EFICC (Electronic Fixed Income, Currencies and Commodities) with responsibility for also running e-FX Sales in the Americas and, prior to that, Head of EFICC APAC Sales. He has also held roles in e-FX Sales and GSET Sales, focusing on Equities and Futures electronic distribution.
Based in New York, Mark Lawrence will work closely with United Fintech’s London-based sales team, reporting in to Tom Robinson, to help scale and distribute the fintech firms acquired by United Fintech. As a member of United Fintech’s Management Committee, he will also play a role in assessing potential fintech acquisitions. Mark will grow a sales team in New York, with appointments planned to be announced later this year.
Christian Frahm, Founder and CEO of United Fintech said:
“The US is a cornerstone in the financial markets industry and having people on the ground in both London and New York close to decision makers and clients at banks and financial institutions is critical to our success. We now have the power and presence to deliver a global offering.
“I am thrilled that Mark has chosen to join United Fintech. He has an impressive international profile, a strong track record in sales and a wide network of contacts worldwide. He is the ideal person to head up our American operations and further strengthens our extraordinary sales team – between them they have strong and established relationships with the world’s most influential financial institutions.”
Mark Lawrence, now Director and Head of Americas at United Fintech added:
“United Fintech is on a mission to scale and distribute the very best fintechs in capital markets through partnership and collaboration. We want to work closely with our financial institution client base to provide elegant solutions for automating workflows, easing onboarding, delivering efficiencies and saving costs. This refreshing and positive approach is hugely appealing to me and defines United Fintech.
“I worked closely with Tom when we were both at Goldman Sachs and have known Christian for many years. I’ve always been impressed by Christian’s incredible vision and energy and the talent with which he surrounds himself. This is an exciting opportunity to board the United Fintech ‘rocketship’, leverage my 14 years’ experience at Goldman Sachs and help play a major role in the journey ahead.”
United Fintech has grown at a rapid pace since its launch in November 2020 and currently employs 85 people in London, Copenhagen, Berlin, Romania and now, New York. To date, the firm has acquired and is scaling two fintechs, NetDania and TTMZero. United Fintech plans to acquire and scale innovative fintechs in capital markets, creating a fintech one-stop-shop which banks, hedge funds and asset managers can benefit from to accelerate their transition to a digital world.
The firm said that it is planning a series of strategic acquisitions to enhance all aspects of banks’ and financial institutions’ capital markets operations, and will work in partnership with the founders of each acquired fintech to optimise their businesses. United Fintech’s portfolio will include an extensive range of products from trading platforms, liquidity management and regulatory reporting tools through to AI and machine learning applications, Big Data tools, institutional Blockchain, Bots and Virtual Assistants.
United Fintech is headquartered in London, with regional offices in New York, Copenhagen, Berlin and Romania. Its team consists of world-class experts in each aspect of building, growing and scaling capital markets businesses.