CloudMargin is bolstering its cyber security oversight to ensure it meets the “highest global standards of excellence” through the appointment of Mario Platt to the newly-created role of vice president, head of information security.
Platt has 17 years of experience in technology, information security and operations and joins the collateral and margin management solution after spending two years offering information security and data protection consultancy services to a variety of UK-based organisations through Privacy Beacon, a firm he founded in 2018.
Through Privacy Beacon he led a UK government agency’s digital transformation project adopting ‘DevOps’ methodologies, acted as director of cyber security for digital consultancy Broadlight Global, and created an integrated risk management and compliance framework for online photo printing company Photobox.
DevOps describes a strategy of bringing software development teams and information technology operatives together.
Previously, he was head of information security assurance at Dixons Carphone Group where he led the restructure of the function after serving as information security manager for Honeybee, a software business.
From 2015 to 2016, Platt served as IP security team leader, operations, at Three UK, a telecommunications company.
CloudMargin chief operating officer Steven Marconi says: “As we continue to grow and attract major market participants that operate within the most demanding environments and require the highest global standards of excellence, we wanted to devote additional expertise to further maturing our risk management programme and information security ecosystem.
Marconi adds that CloudMargin aims to “ensure that our approach to risk management instills an ethos of security” and that Platt’s “experience and philosophy are ideally suited to meet that challenge”.
Platt said: “CloudMargin’s goal of democratising access to better collateral management tools with its cloud-native innovative solution resonated with my own approach to democratising access to security knowledge and support of the open source community.
“I’m delighted to join a team passionate for what they do and to provide information security leadership to all levels of this industry-leading company and to the growing client base that includes some of the largest financial institutions in the world.”
The hire comes shortly after CloudMargin completed a $15 million capital raising exercise with Deutsche Boerse, Deutsche Bank and Citi acting as primary investors.
In September when the Series B funding round closed, CloudMargin CEO Stuart Connelly, said the funds would go to further development of the technological capabilities of the platform, as well as to expand sales and client services in the US and Asia to meet increased demand.
