Capitolis names Richard Schiffman as chief product officer

Financial technology company Capitolis announced the appointment of Richard Schiffman as Chief Product Officer. Schiffman will report to CEO and Founder Gil Mandelzis and will be responsible for defining the firm's product strategy and delivery roadmap.

Schiffman brings over 30 years of experience in product, strategy, and technology within global financial services firms. He joins Capitolis from MarketAxess (NASDAQ: MKTX), where he served as the company's first employee and held various roles over more than 20 years, including Chief Technology Officer and Global Head of Trading Solutions.

During Schiffman's tenure at MarketAxess, the company grew to serve over 2,000 customers and employ over 800 people, reaching a peak market capitalization of $21 billion following its IPO. Previously, he worked as Managing Director at BlackRock Financial Management and as Vice President and Manager of Fixed Income Research Technology at J.P. Morgan.

"Rich has built an impressive career leading product and technology at preeminent financial institutions," said Mandelzis. "His track record of building innovative products will help accelerate Capitolis' next phase of growth and expansion."

The appointment follows recent business developments at Capitolis, including the launch of new products, client network expansion, additional strategic bank investments, and the acquisition of Capitalab, BGC Group's Rates Compression and Margin Optimization business. The company has also made other executive hires, including Amol Naik as Chief Operating Officer and Melanie Carucci as Global Head of Sales.

Founded in 2017, Capitolis provides technology solutions for financial markets and is backed by venture capital firms and global banks including Barclays, BNP Paribas, Citi, J.P. Morgan, and Morgan Stanley.

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