Rupak Ghose
Capital Markets Narrative Creator
Leader, Strategist, Researcher, and Writer - Rupak Ghose
Rupak Ghose is a multifaceted writer and leader in the capital markets. His career spans over two decades, covering high-level roles in traditional investment banking, financial market infrastructure, international regulatory advisory, FinTech execution, and capital markets narrative creation.
Roots in Equity Research
Ghose began his career at Credit Suisse (CS) in September 1999, where he spent over 12 years as a financial and TMT investment analyst covering Europe and the UK.
During this tenure, he earned numerous client awards, worked on multiple Initial Public Offerings (IPOs), and organized the firm’s annual industry conference.
Pivot to Financial Market Infrastructure
In 2012, Ghose pivoted from research to corporate leadership, becoming the Group Head of Corporate Strategy at ICAP, later known as Nex.
During his tenure, he worked across voice broker, ICAP, BrokerTec (which later became EBS-BrokerTec), and post-trade. Rupak was essential to the eventual spin-off and subsequent purchases by TP (2017) and CME (2018), serving CME for 1 year after the deal was completed.
Rupak’s pivot from equity research to corporate strategy demonstrated his mastery of navigating the company’s equity story, investor relations, and successful integration of management through the M&A lifecycle.
Regulatory Leadership and Data Governance Tenure
Following CME’s acquisition of NEX, Ghose served as a Senior Advisor for Data and Technology at the Financial Markets Standards Board (FMSB) from 2019 to 2020.
In this capacity, he led a market structure review, backed by the Bank of England and the FCA, and collaborated with senior management from leading banks and asset managers.
His work at the FMSB focused on the intersection of technology and regulation, publishing recommendations on algorithmic trading, machine learning, and data governance. He highlighted the critical role of data management and standardization in the industry.
Notably, his work on market surveillance involved collaboration with the Alan Turing Institute to examine the risks and opportunities of machine learning relative to traditional rules-based algorithms.
Fintech Operations and Management Leadership
From August 2021 to January 2023, Ghose served as the CFO and COO at Galytix, a firm specializing in data engineering and analytics for corporate banks and insurers. In this operational role, he led the finance function and new business development, with a specific focus on an “Early Warning System” product for banking clients.
Currently, Ghose is a strategic advisor and prolific writer. He advises private equity firms on acquisitions within financial market infrastructure and has become a prolific commentator on industry trends. Ghose also regularly writes for his successful Substack platform linked here - Rupak Ghose
He has written over 70 articles for leading publications such as the Financial Times, IFR, and Reuters. His writing addresses complex financial challenges centered around money management, hedge funds, and market infrastructure.
Check Rupak’s Substack out!