Insights & Analysis

Eventus embarks on growth plan with two key hires

3rd March, 2020|Wendy Lisney

Derivatives

Appointments are first steps in expansion plan, which includes doubling staff to support growth strategy focusing on Asia and EMEA

Eventus Systems in Texas has started to expand its team within weeks of announcing plans to double its staff to more than 30 by the end of 2020.

Speaking to Global Investor, the trade surveillance firm’s president, Jeff Bell said: “It’s been a bit of whirlwind. We have got a vision and we know where we want to be”.

Eventus has announced two new key hires, and Bell said more are planned. The augmented team will support growth plans following a Series A funding round that raised $10.5 million, with investors including Jump Capital, LiveOak Venture Partners and the investment arm of cryptocurrency exchange Coinbase.

Bell said Eventus has “a big task in front of us in growing the team” and that hires will be added in all key areas, focusing first on business development and sales, and then progressing to other roles including accounting, relationship management, technical and engineering.

The newest team members, based in Chicago, are Eric Einfalt and David Mitchell. Einfalt joins the company as chief strategy officer, and David Mitchell as regional sales executive, North America.

Einfalt most recently served for nearly five years as head of strategic development for XR Trading. Mitchell joined Eventus after two years in Chicago as regional sales executive, North America for G.H. Financials, the clearing firm.

Eventus has indicated that, as it has a strong presence in North America, it plans to focus growth efforts in Europe, the Middle East, Africa and Asia.

“Asia and EMEA are big opportunities for us,” said Bell. “Many of our clients trade in these markets. We think it’s super-important to have boots on the ground so that we can develop the right tools that are appropriate for the region.”

In December, Eventus Systems won the Best New Product – Market Surveillance category in the FOW International Awards.