Working capital solutions provider Demica has named Daniel Kustrin as chief technology officer (CTO).

He joins from Cardano Risk Management, where he was global head of technology, responsible for development and infrastructure in the UK and the Netherlands. He previously worked at Quant Barclays Capital, in a variety of technology roles.

At Demica, he reports to CEO Matt Wreford and oversees the growth and development of the firm’s proprietary platform.

“We are pleased that Daniel has joined us at this critical time for Demica’s development. As we further increase the value and volume of the trade receivables being managed by the platform, our robust technology and infrastructure will play a key role in providing the services needed by our customers,” Wreford says.