Business
DelphX Hires Fintech Business Development Expert Jonathan Deeter as Director of Credit Product Sales for Industry-First Credit Rating Security Product
Toronto, Ontario--(Newsfile Corp. - January 16, 2024) - DelphX Capital Markets Inc. (TSXV: DEL...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"DelphX Hires Fintech Business Development Expert Jonathan Deeter as Director of Credit Product Sales for Industry-First Credit Rating Security ProductToronto, Ontario--(Newsfile Corp. - January 16, 2024) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (\"DelphX\"), a leader in the development of new classes of structured products for the fixed income market, is pleased to announce that fintech industry development specialist Jonathan Deeter has joined the Company as Director of Credit Product Sales to facilitate the commercialization phase of the DelphX Credit Rating Security (CRS) product. Expansion of the in-house sales and support team is a central theme in management's strategic plan to promote the CRS product via the Company's wholly-owned broker dealer. The DelphX CRS product solves a previously unmet need, giving bond holders and traders the ability to position against potential rating changes on existing bonds via a fully collateralized offering.Mr. Deeter has a strong background in fintech business development, with significant experience optimizing workflows, enhancing operational efficiencies, and implementing reporting metrics of the type required to scale high-volume business in the financial services industry. Most recently, he was a Product Specialist at dv01 (a Fitch Solutions Company), a provider of loan-level lending data.Previously, he also was Head of Business Development & Strategic Growth at Bond.One, a bond underwriting, distribution and trading platform; Senior Business Development Associate at Finsight Group, a capital markets and corporate finance technology provider; and Business Development Associate at Axial, a leading deal origination and deal marketing platform. His operational experience is comprehensive within the fintech space, including sourcing middle-market financing and M&A deal flow, developing client bases in the U.S. and Europe, CRM platform implementation, and execution of targeted sales campaigns and product demonstrations, with direct involvement in the structured products space.\"Adding Jonathan to our team really rounds out our operational capabilities during this early commercialization phase for our CRS product,\" said DelphX CEO Patrick Wood. \"His background is almost tailor-made for our upcoming growth phase, as he has previously helped scale an impressively br...