Algomi CEO Stu Taylor in Fintech 40
Algomi CEO Stu Taylor has been listed as one of the people powering financial technology in Financial News’ Fintech 40 2015 list
Stu Taylor set up fast-growing fixed income start-up Algomi in 2012 with former UBS colleagues Robert Howes and Usman Khan, aiming to help solve one of the key problems facing global bond markets: trading becoming less liquid as banks pull back from market-making because they do not want to hold large quantities of bonds on their books. Algomi’s technology collects all the relevant information a bank has on bond trades, helping a salesperson focus on which trades have the best chances of being successful, enabling banks to maximise the value of their reduced inventory. Clients include Deutsche Bank, Credit Suisse, HSBC and Nomura, and, in the past year, Algomi has made strides into asset managers, now counting M&G, Schroders, Allianz, Bluebay and Aviva among 55 buyside customers with a further 75 in contract negotiations. In January, Algomi was selected as the technology partner for the Swiss national stock exchange’s secondary bond trading platform. In the past year, Taylor has advised the government on how to promote fintech in the UK, and has accompanied London Mayor Boris Johnson on trade missions to Singapore, Malaysia, Boston and New York that aimed to connect fast-growing UK businesses with investors, regulators and potential partners globally.