Ripple, providers of financial settlement solutions using blockchain technology, has announced the opening of its European headquarters which will be located in London. It is a necessary step for Ripple to serve its growing bank demand in the region. The new office will be led by newly appointed Managing Director of Europe, Daniel Aranda, with new hire and industry veteran Patricia Pittomvils joining him as Sales Director of Europe. Ripple now has offices in four cities across the world: San Francisco, New York, London and Sydney, to serve its bank customers globally.
Chris Larsen, CEO and co-founder of Ripple, stated: “We’re excited to continue growing our global presence by establishing roots in London, one of the most important financial centers of the world. After establishing our APAC subsidiary last year, we’ve seen tremendous traction in Asia, leading to the recent creation of SBI Ripple Asia, and we’re looking forward to similarly rapid growth in Europe starting with this new office.”
With the opening of the London office, Managing Director Aranda is relocating from Ripple’s San Francisco headquarters to lead the company’s European presence. Aranda was among Ripple’s first employees and has served as a key member of the company’s business development team since 2013, helping shape the overall company strategy and build the customer pipeline. Today, the majority of Ripple’s current partners, such as Santander and Fidor Bank, are based in Europe and Ripple continues to report strong customer interest regionally for its cross-currency settlement solutions. In his new role, Aranda will continue to engage with banks, regulators and central banks to support and develop Ripple’s adoption, as well as build a local sales and implementation team.
Aranda commented: “The European region is unique as an established global financial center that is leading the industry in embracing new technologies and modernizing its banking infrastructure. We see enormous potential here. European banks are proving to be first adopters of distributed financial technology and, in particular, Ripple’s solutions.”
Newly joining the team, Sales Director Pittomvils brings nearly 25 years of experience in banking operations to the role. Throughout her career, Pittomvils has spent more than 10 years focused on global payments infrastructure at companies including Clear2Pay, CGI, Fundtech, Tieto and VocaLink, the UK’s legacy payment infrastructure. Earlier in her career, she spent 10 years as regional sales manager at SWIFT. As sales director of Europe, Pittomvils will apply her knowledge and hands-on experience in the payments space to build and strengthen relationships with new and existing customers in the region.
In regards to her appointment, Pittomvils said: “Throughout my career I’ve learned the ins-and-outs of banking and payments, and I’ve spent decades working either directly for or with the long-established providers like VocaLink and SWIFT. I’m excited to apply my knowledge of the best and worst of our existing payments infrastructures, and help move the industry forward with Ripple’s technology, which can vastly improve the fundamental way money moves around the world.”