Clearing and settlement service Bosonic hires Paddy Boyle
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Clearing and settlement service Bosonic hires Paddy Boyle 23 March 2022United Kingdom Reporter: Jenna Lomax
Image: Bosonic
Bosonic, a real-time clearing and settlement service for crypto and digital assets, has appointed Paddy Boyle as global head of clearing and derivatives.
Based in London, and reporting to company CEO Rosario Ingargiola, Boyle will be responsible for building out the clearing capabilities for the firm and enabling optimal institutional investor adoption.
Boyle has more than two decades of financial markets experience, with expertise in derivatives markets.
Prior to Bosonic, Boyle was a managing director at the London Stock Exchange (LSEG) and global head of ForexClear, LSEG鈥檚 FX clearing service.
He was also a partner and global head of FX options at Goldman Sachs for 16 years.
Boyle has had a number of FX market board and committee positions during his career which include sitting on the Bank of England Joint Standing Committee on FX.
Founded in 2016, Bosonic is a decentralised financial market company with offices in San Francisco, New York and London.
The Bosonic Network provides institutional clients with services enabling tokenisation of assets as well as collateral and liquidity aggregation.
The network also runs real-time payment versus payment atomic execution and settlement, with cross-margining, cross-custodian net settlement and payments.
Commenting on Boyle鈥檚 appointment, Ingargiola says: 鈥淲e could not have asked for a more qualified individual to lead our charge into the fast-growing derivatives arena and Paddy brings a vital new dimension to our offering and value proposition. Bringing on someone with his calibre and proven track-record demonstrates our clear intent to be a leading player and the pent-up demand for what we have to offer.鈥�
Boyle comments: "Bosonic has built a unique and much-needed platform and I am excited to help build out the derivative and clearing functions of the business.鈥�
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Image: Bosonic 