Order management systems provider FlexTrade Systems (FlexTrade) has appointed Michael Kovach as its new head of fixed income sales for the Americas.
Based in New York, Kovach will be responsible for driving sales and business development for FlexTrade’s fixed income execution management systems (EMS), FlexFI.
Kovach joins FlexTrade with 20 years of experience in the fintech industry, specialising in electronic trading solutions in the fixed income markets, with a track record of building and maintaining strong relationships across the buy-side, sell-side and trading venues.
He previously served as a lead relationship manager for BlackRock’s Aladdin business. Prior to that, he was head of fixed income sales US at Liquidnet.
The appointment of Michael Kovach comes as the buy-side is increasingly turning to vendors to solve fixed income workflow challenges with technology, says FlexTrade.
The fragmentation of the fixed income market has broadened the adoption of the fixed income EMS to tackle challenges, it adds. Such challenges include multiple protocols, liquidity aggregation, price discovery, complex workflows and the handling of best execution obligations.
Aaron Levine, senior vice president of sales at FlexTrade, comments: “[Michael] brings a wealth of expertise and insight to our fixed income business and will help us deliver innovative solutions that match the unique needs of the fixed income desk. Michael’s appointment demonstrates that we are committed to expanding our client base in the fixed income markets.”
Kovach adds: “I look forward to joining the team at FlexTrade and leveraging innovative technology to provide best-in-class solutions for the fixed income desk.”
.jpg)