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Alex Bursak Joins LiquidX as Regional Head of Insurance, Bolstering Asia Pacific Expansion
LiquidXFebruary 17, 2021 GMT
NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) LiquidX, the global network for working capital, trade finance and insurance, today announced the appointment of Alex Bursak as Director and Regional Head of Insurance for the Asia Pacific (APAC) region, based in Singapore. In the role, Bursak will accelerate LiquidX’s strategic expansion in Asia as well as in the broader trade credit insurance market. Trade credit insurance revenue tripled on the LiquidX platform in 2020 as clients, brokers, and insurance carriers continued to adopt comprehensive digital solutions for risk mitigation.
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Vijay Mayadas, president of capital markets at technology firm Broadridge Financial Solutions, said Covid-19 has increased the use of electronic trading in fixed income, banks moving to the cloud and the demand for post-trade managed services.
Vijay Mayadas, Broadridge
Mayadas was appointed to his newly created role in October last year. His responsibilities include Broadridge’s trading and post-trade capital markets software-as-a-solutions as part of the global technology and operations (GTO) business as well as LTX, a corporate bond trading platform powered by artificial intelligence.
There are numerous bond trading platforms in the market but Mayadas explained that LTX was launched in June last year to improve the execution of large corporate bond trades.