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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