OpenFin Taps Ex-Goldman Sachs Tech Exec Walker For Board Role

Jun 22 2017 | 9:23pm ET

Former Goldman Sachs co-head of technology Paul Walker has joined the board of directors of fintech startup OpenFin.

Walker joins six other financial industry leaders on the board and will help provide guidance and insight to the company, according to a statement. 

Walker joined Goldman Sachs in 2001, and during his career led many of Goldman’s efforts in risk, analytics, clearing and systems architecture. He was most recently in a senior technical role as co-head of the company’s Technology Division and retired from Goldman last year.

“Open, mutually agreed-upon standards for the secure and robust delivery of applications are critical for the financial services industry and OpenFin and is well positioned to be the leader in the space,” Walker said in the statement. “Theirs is an ambitious goal, and I look forward to helping deliver an open industry-wide platform that effects real change and helps define a new standard of security and efficiency.”

“Paul’s experience at Goldman building risk systems and co-heading the firm’s 9,000 person technology organization gives him a unique perspective on how our customers will benefit from the OpenFin platform,” added Mazy Dar, CEO of OpenFin. “His depth of experience in the details of application development and analytics and his advocacy for open source software will help make our product more robust, secure, and innovative.”

Founded in 2010, OpenFin is focused on creating common operating layers for financial desktop applications at banks and trading firms. The company has raised more than $25 million in six funding rounds from investors including Bain Capital Ventures, Pivot Investment Partners, SunGard CEO Cris Conde and former Thomson Reuters CEO Tom Glocer.

The company’s patent-pending software is based on Google’s Chromium open-source project and purpose-built to meet the security and performance needs of real-time financial applications. It is used by 40 of the world's largest banks and trading platforms and its technology powers applications across more than 125,000 desktops, according to Reuters. 

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