October 18, 2021 - Irish foreign exchange technology firm Assure Hedge has appointed Chief Enterprise Architect at Temenos, John Schlesinger, to its Board of Directors, adding additional deep technology expertise to the company as it says it is looking to scale up infrastructure to meet demand for its products.

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John Schlesinger, Member of the Board, Assure Hedge

John Schlesinger has worked as a software developer and architect for forty years, including long spells at IBM, where he developed the CICS transaction processing platform, and now at Temenos. In the ten years that he has worked at Temenos, he has helped introduce architectural changes that have allowed the company to scale to meet the transaction volumes of the world’s largest banks as well as to transition from on-premise to cloud-first deployment.

John Schlesinger’s appointment coincides with a period of rapid growth for Assure Hedge and his experience will help the company to enhance its technology infrastructure. Assure Hedge works with financial and non-financial companies to provide currency services to their end clients, through a white-labelled platform, which it launched last month, or via API integration.

Commenting on his appointment, John Schlesinger said, “I am delighted to be joining the Board of Assure Hedge. Before agreeing to join, I conducted a deep dive on the technology architecture with the CTO and his team and I have been impressed by what I’ve seen. Assure Hedge boasts a rich set of microservices, accessible through a well-documented API, built on a real-time event-driven and cloud-based architecture. I am looking forward to contributing to the architectural roadmap to ensure that the platform can evolve to meet the needs of its users as hedging services become embedded into the everyday user journeys of millions of consumers at thousands of businesses across the globe.”

With this appointment and others, Assure Hedge is strengthening its team to capitalise on growth and in preparation for a new funding round. The appointment of John Schlesinger follows the appointment of Pritesh Ruparel, who joined from Sucden Financial as Chief Commercial Officer in the summer. Given the acceleration in the business, the company, which raised EUR 5m earlier in the year, is now also looking to raise additional funding from new and existing shareholders.

Richard Hayes, Chairman of the Board of Assure Hedge, stated, “The progress the company has made over the last 12 months has been wonderful. We have launched landmark new solutions, we have put together a truly outstanding executive team, and most importantly we have grown the business volumes many times over. The appointment of John Schlesinger, as well as Pritesh Ruparel, reflects both the calibre of individuals we can now attract, but also the expertise we believe we need to onboard to realise Assure Hedge’s massive potential.”