Former Lloyds FX Chief Invests in Post-Trade Platform Cobalt

Darren Coote will serve as a strategic adviser to Cobalt's board as the company readies the platform's launch.

flags currency foreign exchange and technology

Coote—who left Lloyds for personal reasons in 2014 —will join the company as a strategic advisor to the board. He has around 25 years of experience and sat on Bank of England’s FX Joint Standing Committee.

Adrian Patten, co-founder of Cobalt, says the investment, which was for an undisclosed amount, will be used for technology development for its post-trade platform, which will launch later this year.

“We continue to see strong interest from the investor community, but we only partner with the

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