The hire is a newly created strategic role and will drive further innovation of Aeron, Adaptive’s high-performance cloud-native messaging infrastructure for capital markets, as well as its technology accelerators, minimising the time-to-value for financial firms deploying their front office trading architectures into the cloud.

Dave will play a crucial role in driving growth and expanding the product; developing Adaptive’s product roadmap, identifying nascent demand for new technology and leading the development efforts. He will oversee the entire product lifecycle of Aeron, used across capital markets to develop low-latency, fault tolerant trading systems, as well as Adaptive’s accelerator technologies which Adaptive uses to build bespoke trading technology solutions for capital markets clients.

Clack joined Adaptive in 2015 as a non-executive board advisor, supporting the firm through a period of rapid expansion. Most recently, he guided the firm as it opened its first office in Asia and supported the launch of a 24/7 managed service to run cloud-native trading platforms.

Dave brings a wealth of experience in software consulting, PMO leadership, process optimization, software methodologies, and successful orchestration of substantial development projects. Previous roles include leadership positions at Quantum, the data services company, and LMAX where he was Head of Technology Delivery. Most recently, Clack led CatDV, a media management business, steering its revenue growth until its acquisition.

Matt Barrett, co-founder and CEO at Adaptive, said: “Since joining as a non-executive board advisor in 2015, Dave’s experience in capital markets technology has proved invaluable as we have grown. We are delighted to announce that he has taken a newly-created permanent role where he will drive our product strategy - drawing on his deep experience leading open source and commercial product development and creating cutting edge cloud solutions. Dave will be instrumental in taking our business to the next level.”

Dave Clack, Chief Product Officer at Adaptive, said: “We are seeing a period of rapid technological change across capital markets, from electronification to cloud transformation. As firms look to take greater control of their tech stack, Adaptive is ideally positioned to help financial institutions gain a competitive edge through bespoke, high performance trading technology. After nearly a decade of advising the firm, I am delighted to be taking on a full-time role - leveraging my experience in capital markets and redefining high performance IT architecture - to create market-leading solutions and products.”

The news follows the appointment of Paul Weiss as CTO and a series of announcements, including the expansion of Adaptive’s Managed Service and Support offering, ‘Operate’.