TradeIX, the newly-launched open platform for trade finance powered by blockchain, has named co-founder Richard Tynan as its managing director.

Tynan has more than 25 years of investment banking experience in both fixed income and capital markets. He was head of debt and equity syndication at RBS, head of corporate debt syndication at Morgan Stanley, and ran private placements at Lehman London. Before co-founding TradeIX, he established PrimeRevenue Capital Management, a London-based capital management business that successfully raised a significant institutional balance sheet, and focused on origination and distribution of trade assets.

“Richard provides immense value and expertise to our bank clients, alternative funders and corporate clients,” says Rob Barnes, CEO of TradeIX.

“At this moment, there is an incredible opportunity for TradeIX and its network of clients to rewire the trade finance market. Richard was an early stage investor and co-founder of TradeIX, and as part of our leadership team he will help us further increase the number of companies connected through our platform to generate substantial value for all participants.”

Tynan comments on the future for TradeIX: “There is a void for open technologies and platforms that can be adopted on a widespread basis within the trade finance ecosystem. The deep subject matter expertise of the TradeIX team and the collaborative solution of the TIX platform is driving rapid customer adoption, and I am very much looking forward to taking this solution to additional corporates and financial institutions.”