SAN FRANCISCO (PRWEB) April 13, 2018
DealVector, provider of the only global fixed income matching network that enables market professionals to connect on a bond or loan-specific basis, today announced that Co-founder Dave Jefferds has been promoted to Interim CEO. He will succeed Mike Manning, who will remain on the company’s Board of Directors and continue to play an advisory role in the business.
Vice President of Business Development Jim Kranz’s role is expanding to cover marketing, and his title will be Vice President of Sales and Marketing. Both of these moves set the company up well for the next stage of its growth.
“I am excited to build on the very strong foundation provided by Mike’s leadership,” said Dave Jefferds. “We have an amazing opportunity to deepen our consent and information agent business, offer liquidity solutions to both broker/dealers and investors, and to streamline the placement of new issues for syndicate desks. We look forward to continuing to expand the network and offer services targeted to the specific needs of investors, issuers and dealers.”
“DealVector introduced a completely unique means of communication to the market—one that makes fixed income both more transparent and more resilient to shocks similar to those that hit during the Financial Crisis,” stated Mike Manning. “I feel both very proud of what we have achieved to date, and excited to continue working with Dave as he leads us into the next phase of our growth.”
DealVector started 7 years ago on a chairlift ride, growing out of a conversation between college classmates and co-founders Manning and Jefferds. The two went on to launch an innovative new fixed income communication platform that enables market professionals to quickly find non-public holders of specific fixed income assets, making it easier to source liquidity, pass amendments, protect investor rights, and improve market surveillance.
DealVector won Waters Technologies Best Newcomer Award in 2013 shortly after launching; membership has grown to over 1,100 leading firms in the structured credit space; and the firm played a critical role in the successful extension of the Legal & Final Maturity dates of over $18B in Student Loan ABS Bonds, helping avoid ratings agency downgrades. (https://www.americanbanker.com/news/how-technology-mitigated-a-crisis-in-student-loan-abs)
DealVector raised an A Round of financing from leading fixed income trading platform Tradeweb in mid-2017, positioning it for future growth. The Structured Finance Industry Group, Moody’s and Fitch have all published reports citing the benefits of improved bondholder communications, an area that DealVector has pioneered.
DealVector is the first provider of a secure electronic communication network that allows fixed income and illiquid asset investors to directly connect with other participants in their deals on a mutual opt-in basis. By linking people, assets and opportunities, we bring transparency to traditionally opaque asset categories to improve efficiency, market surveillance and returns. Our asset-specific, identity-protected communication platform enables fixed income participants to easily find, authenticate and communicate with each other, while respecting the privacy and regulatory concerns of all members. DealVector counts over 1,100 leading asset managers, broker dealers, advisory firms, insurers and banks as members. More information can be found at http://www.dealvector.com.