Capitolis is strengthening its leadership team to fuel its next phase of business growth with the appointment of financial technology veteran Richard Schiffman as its Chief Product Officer. Schiffman, who was the first employee at MarketAxess and played a pivotal role in its journey to a peak market capitalization of $21 billion, brings over 30 years of experience in product, strategy, and technology. In his new role, reporting to CEO Gil Mandelzis, he will be responsible for defining the firm’s product strategy and delivery roadmap.
Capitolis appoints Richard Schiffman, a fintech veteran with 30+ years of experience, as Chief Product Officer.
Schiffman was the first employee at MarketAxess and helped scale it through its IPO to a $21 billion market cap.
He will lead Capitolis's product strategy and delivery to meet market needs and accelerate business growth.
The hire supports Capitolis's momentum, which includes new product launches and expansion into Interest Rates.
Schiffman's track record includes building transformational businesses and innovative technology solutions.
This appointment is part of a series of executive hires to support Capitolis's next phase of hyper-growth.
Schiffman's appointment signals Capitolis's preparation for significant scaling. His career is marked by building and operating transformational businesses. At MarketAxess, his roles evolved from Chief Technology Officer to Global Head of Trading Solutions, where he was responsible for product development and key business lines. His prior experience also includes leadership positions at BlackRock and J.P. Morgan, giving him a deep understanding of the needs of global financial institutions.
“Capitolis is preparing for its next phase of hyper growth on the back of exceptional scaling over the past few years, and Rich is the proven leader we have been looking for to drive our product roadmap and delivery,” said Gil Mandelzis, CEO & Founder, Capitolis. “His track record of building innovative products will help accelerate Capitolis’ next phase of growth and expansion.” This hire comes at a time of strong momentum for Capitolis, following the launch of new products, network growth, and the strategic acquisition of Capitalab.
With a seasoned product leader at the helm, Capitolis is well-positioned to advance its vision of creating safer and more vibrant financial markets through technology-driven solutions.
We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Barclays, BNP Paribas, Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS.
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