Banking veteran Spencer Lake has joined the board of directors as a non-executive director at Duco, the global provider of enterprise data quality and reconciliation services.
Lake is currently an advisor and board member to several technology firms, including Fenergro nCino, Nivaura, Inforalgo, and Callsign.
Prior to joining Duco, Lake spent 10 years at HSBC where he served as group general manager, vice chairman of global banking and markets, co-head of global markets, and global head of capital financing.
Before this, he also spent 17 years at Merrill Lynch in senior roles spanning investment banking, debt capital markets, and real estate finance.
The company has also bolstered its senior management team with the appointments of Danielle Price as head of finance operations, Peyton Kay as vice president of strategic marketing, and Scott Glazer as head of sales, North America.
Commenting on his new appointment, Lake said: “Duco’s data-agnostic, augmented machine learning-enabled technology, and commitment to innovation, means the company is uniquely placed to enable financial institutions to fully digitise and automate these processes. I am delighted to be joining Duco at this exciting time, and look forward to helping the company deliver its vision.”
Christian Nentwich, CEO of Duco, commented: “I am very pleased to welcome Spencer Lake to Duco. He is a true innovator at heart. His expert industry knowledge and deep ties to the global banking industry will be great assets as we continue our hyper-growth, rapidly expanding our offering while adding new clients to our roster."
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