Capitolis lands former Microsoft Azure director as CPO
Capitolis, a New York-based technology provider for capital markets, has landed Rahul Auradkar, Microsoft Azure’s former director, as its new chief product officer (CPO).
Auradkar spent more than 12 years at Microsoft, from 2001 to 2013. Initially Auradkar was a founding member of Microsoft’s virtualization efforts.
The start-up helps the world’s biggest banks operate more efficiently. It was co-founded by former Thomson Reuters boss, Tom Glocer, and raised $40 million in November.
It works with more than 50 banks and hedge funds, including HSBC, Deutsche Bank, Société Générale, BlueCrest, Brevan Howard and Citigroup.
Auradkar’s experience to date
Auradkar grew Microsoft Azure from incubation to a larger public cloud business. He specifically led teams across Azure’s middleware and data divisions.
Auradkar was also part of the team which conceived and delivered Microsoft’s Office 365. Upon leaving in 2013, the former Microsoft director said revenues for Office 365 were around $275 million, growing at 50% year-on-year.
As well as Microsoft, Auradkar also headed up product at Apptio – which grew from a start-up to a publicly-traded company under his leadership.
Most recently, Auradkar was CPO of AnsweriQ, an intelligent automation solution for customer service.
Auradkar said Capitolis’ fintech platform allows financial insitutions to “utilize their balance sheets” far more effectively.
“I look forward to continuing the innovation and building Capitolis’ SaaS offerings,” he says.
The fintech start-up, founded in 2017, says it has had another year of record growth. To date, it claims to have saved clients more than $3.5 trillion in overall positions.
Capitolis’ backers include major technology investors Sequoia Capital, Index Ventures and Spark Capital.