Nivaura Ltd is a Private Limited Company registered in England and Wales, with Companies House registration number 10270501.

Nivaura Ltd is authorised and regulated by the Financial Conduct Authority (FCA) as a MiFID and CASS firm, with FCA reference number 773476.

© Nivaura Limited 2019. All rights reserved.

Board Members

Nivaura is supported by a board with extensive legal and financial expertise.

ALAN MORGAN
Board Member and Chairman 

Alan spent 28 years at McKinsey & Co where he was head of the financial services practice in the UK, Europe and Middle East. He was also a Board member of the McKinsey investment office. In addition, Alan is a founder and chairperson of MMC Ventures, a leading UK based Venture Capital investor. He has invested in a number of successful financial technology ventures in the UK including Funding Circle. Alan has an MA in Law from Trinity College, Oxford University and an MBA from Harvard Business School and is a qualified barrister.

PETER WALKER
Board Member

Peter is a Director and Board Member of entities in the Banking & Credit Management Division of Link Asset Services, the European arm of Link Group, an Australian financial services firm.  Prior to joining Link Asset Services in 2012, Peter was a managing director and board member of US headquartered Crown NorthCorp group, a firm specialising in loan servicing, asset management and work-out of real estate and mortgage assets.  Peter is a chartered accountant (ICAEW), qualified as an insolvency practitioner with a degree in Law (LLB).

SIMON HILL
Board Member
NIKHIL RATHI
Board Member

Simon is a market leading strategic legal adviser to corporate trustees and agents at Allen & Overy.  He has unrivalled experience advising service providers to the capital markets in relation to new issuances (from EMTNs, regulatory capital equity linked high yield and team agency through to repackagings, securitisations, supply chain finance and other ABS). Simon is also specialises in advising trustees and agents in relation to complex litigation defaults, restructurings and exercises of discretions.

Nikhil was appointed CEO of the London Stock Exchange plc subsidiary in September 2015.  He also has Group-wide responsibility for International Development. Nikhil joined LSEG from the UK Treasury, where he held a number of senior positions over an eleven year period. Most recently he was Director of the Financial Services Group, representing the UK Government’s financial services interests in the EU and internationally. 

SPENCER LAKE
Board Member and Commercial Adviser

Spencer is the former Vice Chairman of HSBC's Global Banking and Markets, and held previous roles as global head of debt capital markets. He is also the former Chairman of ICMA.‚Äč Spencer is now 100% focused on technology around digitising financial services (FinTech); cities (Smart Cities); and the cyber risk inherent in both digitisation processes.

Dr. AVTAR SEHRA
Board member and Chief Executive Officer

Avtar holds an MSci in Physics, PhD in Particle Physics and MRes in Computational Engineering. After leaving academia Avtar spent 10 years in the capital markets, working in quantitative analysis and risk management. Avtar also led a number large scale projects with major investment banks in business and operating model transformation to deliver new business lines and to meet regulatory requirements.  Avtar founded Nivaura and is also the company’s Product Architect.

Management Team

Dr. AVTAR SEHRA
Chief Executive Officer and Chief Product Officer
MARCELLO FIORI
Board member and Chief Technology Officer 

Avtar holds an MSci in Physics, PhD in Particle Physics and MRes in Computational Engineering. After leaving academia Avtar spent 10 years in the capital markets, working in quantitative analysis and risk management. Avtar also led a number large scale projects with major investment banks in business and operating model transformation to deliver new business lines and to meet regulatory requirements.  Avtar founded Nivaura and is also the company’s Product Architect.

Marcello has over 18 years of experience in design and development of financial technology solutions, with a focus on financial lifecycle operations technology and cryptographic security methods,. He is skilled in leading global teams in developing technical products. Marcello has operated both as a consultant for Deloitte and a self-employed consultant for a range of tier 1 investment banks in order to execute projects. Marcello is also a founder of various other software companies including Peak Logic Ltd and 3102 Srl.

Dr. VIC ARULCHANDRAN
Chief Operating Officer
DUNCAN PHILLIPS
Chief Commercial Officer

Vic has a PhD in Mathematics from Brunel University supervised by the leading mathematicians in Shell Theory and Continuum Mechanics. He trained as a quantitative analyst and spent several years in banking gaining exposure to quantitative analytics, financial modelling, risk management, and operations and compliance across a range of fixed income products. Vic is also a member of the advisory board to the Mathematics department at Brunel University, London.

Duncan leads Nivaura's commercial strategy. Prior to joining the company, he was Global Head of Capital Markets at Ipreo, and continued in the same role after the company was acquired by IHS Markit. Before moving into the fintech industry, Duncan was an MD at Citigroup, where he held a number of debt syndicate roles in London, Tokyo, and Hong Kong. Duncan read Law & Economics at Edinburgh University.

GAVIN YOULL
Chief Financial Officer
RICHARD COHEN
General Counsel and Legal Product Architect

Gavin is a chartered accountant with over 9 years of post qualified experience and has a degree in Accounting and Finance (BSc from University of Warwick Business School). Gavin originally trained at EY in their Assurance service line.  One year subsequent to qualifying as a chartered accountant, Gavin left practice and joined Conduit Capital Markets Limited (‘CCM’). Upon leaving CCM, Gavin has spent the last 3 years operating as a CFO for early stage technology ventures advising on strategy, leading funding rounds and building financial models.

Richard is General Counsel and Legal Product Architect at Nivaura, together with his role as General Counsel he focusses on the design, implementation and commercialisation of the legal technology which underpins Nivaura's offering. Prior to joining Nivaura Richard was a lawyer in Allen & Overy's debt capital markets practice where he acted for both managers and issuers and specialised in straight-debt (Regulation S and Rule 144A standalone issues, LPNs, MTN programmes, CP, CDs), covered bonds and liability management transactions. He combined his debt capital markets practice with a focus on fintech and blockchain advisory work in the context of the optimisation of securities issuance. Richard was cited in the 2019 edition of Chambers & Partners for his work in this area.

ALESSIO MENINI
Chief Information Officer

Following the study of his Masters in Computer Science at University of Verona, Alessio has acquired over 16 years of experience working in the banking and technology development industry. Alessio has worked as a consultant at UniCredit for 7 years and at Banco Popolare for over 11 years before taking on roles in leading the development of settlement operations and legacy system integration layers. His most recent roles include: Founder of Peaklogic, CTO at Exfident S.r.I,  and CIO at Nivaura.