Ex JP Morgan custody chief set to launch fintech accelerator

27 February 2014

The former chief executive of JP Morgan's custody business, Dinkar Jetley, is set to launch a new company that will invest in financial technology companies.

Pivot Investment Partners has been founded by Mr Jetley alongside Akbar Poonawala, formerly Americas head of Deutsche Bank global transaction banking, and Larry Klane, the former leader of global financial institutions group at Cerberus Capital Management.

The company is planning to invest in 12 companies covering transaction processing, alternative credit, wealth management platforms and compliance solutions.

Mr Jetley told Financial News: "We want to be reasonably hands-on, in either a board role or other executive capacity, to help our partner companies grow and globalise. We want management to be receptive to us, and see the value of our senior operating expertise."

He went on to explain that he and the firm's other partners will invest personal capital into the business and that Pivot is already in detailed and advanced talks with three fintech companies.

By Tony Aynsley

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