RegTech company SteelEye names new CRO

RegTech company SteelEye names new CRO

Compliance technology company SteelEye has appointed Christopher Pennington as its chief revenue officer.

In the new role, Pennington will look to bolster customer engagement and commercial functions to support SteelEye’s global expansion. He will also be responsible for the firm’s commercial revenue streams, focusing on delivering high-value and impactful propositions to clients.

Pennington has over 30 years’ experience in Big Tech, having held senior positions at Microsoft and Google.

Speaking on the appointment, SteelEye CEO Matt Smith said, “The SteelEye executive management team encompasses an abundance of specialist RegTech and financial services expertise, crucial to our success to date. We believe firmly in the value of diverse perspectives, including professional backgrounds.

“Christopher’s experience and achievements with several Big Tech firms will be invaluable as we now seek to drive revenue growth. I am delighted to have secured someone of his calibre. Christopher’s appointment will bolster our executive team and enhance our revenue generation as we transition from start-up to scale-up. I have no doubt he is the right person to drive our commercial business forward.”

Christopher added, “I am incredibly excited to be joining SteelEye at this critical point, as the firm expands in the US and eyes growth opportunities in APAC and beyond. Under the leadership of Matt Smith and the management team, SteelEye has established an enviably strong position in the industry, as evidenced by its success to date. I look forward to leading and driving SteelEye’s next phase of growth.”

SteelEye is a London-headquartered RegTech company that enables banks, brokers, asset managers, and other regulated financial firms to simplify their compliance processes across various EU, UK, and US market regulations.

It recently raised $21m in its Series B funding round, with Ten Coves Capital serving as the lead investor.

Over the past year, the RegTech firm has increased its headcount by 35%.

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