SIX Digital Exchange appoints David Newns as the new CEO of SDX

By Joy Dumasia

Tim Grant joined as Head of SDX in March 2020 will stand down and hand over the reins to David Newns, an International capital market expert with a strong background in the regulated financial services industry. Newns’s mandate will be to take SDX seamlessly into its next phase of full operations and growth.

The technical development on the core platform is now complete, testing and scaling for full operations underway; the SIX Digital Exchange (SDX) awaits regulatory approval and readies itself for growth.

One of the key changes in this next phase is the arrival of David Newns, who, subject to Finma approval, will take over the leadership of SDX on 6 October 2021. Newns brings with him a track record in the key spaces in which SIX operates – mission-critical infrastructure, service-driven application development for banks and digital assets, and an understanding of how developing markets are created and brought to maturity.

Thomas Zeeb, Chairman SDX and Member Executive Board, SIX, said: “Once we receive regulatory approval, we will need to be ready to ramp up operations, client onboarding and deployment. As with any infrastructure, success will be defined by scale, and our challenge going forward will be to develop the relationships and partnerships – ecosystem, if you will – that will enable us to offer our clients what they are really looking for in challenging times: New services and products for their clients.”

David Newns said: “I believe that this is the perfect moment for our industry to redefine how it engages with its clients and stakeholders and, in turn, empowers them to serve their clients. SDX is in the ideal industry sweet-spot to achieve this, and I’m looking forward to driving its further growth and development.”

Recently, IBS Intelligence reported that SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services, and SIX, the Swiss financial data provider and operator of the Swiss and Spanish Stock Exchanges.