Dan Marcus, the former co-head of the European arm of inter-dealer broker Tradition, has become an advisor to bond fintech NowCM, marking his latest advisory engagement.

NowCM said Marcus, who left Tradition in 2020, has become a strategic advisor to the firm, charged with helping NowCM modernise the European bond market.

The firm’s chief executive and founder Robert Koller said in a statement: “I am convinced that Daniel’s skills will perfectly line up with the dynamic development of the company’s business goals to transform capital markets and solve real-life problems and challenges of banks, issuers and investors.”

NowCM, which welcomed in December Luxembourg-based fintech eppf Group as its majority shareholder, is a European regulated market that aims to provide clients with a digital value chain for commercial paper, bonds and other fixed income instruments.

Marcus said on Wednesday: “Efficiency, cost-saving and democratisation of both access for issuers, banks and investors are subjects that are close to my heart, and I look forward to assisting Robert Koller and the NowCM team to expand their footprint.”

Telecoms firm Orange as well as French financial giants Amundi, Credit Agricole and Natixis are minority shareholders in NowCM.

Marcus was latterly co-head of Tradition’s European arm based in London, and served as the chief executives of the broker’s interest rates platform Trad-X and its currency service ParFX.

A qualified solicitor, Marcus was previously general counsel at Tradition and, before that, senior counsel at the London Stock Exchange, responsible for regulatory, IT, corporate and commercial legal work.

Marcus became in February this year an advisor to data analytics fintech Propellant.digital.

NowCM opened at the start of October its third European office, in Portugal, citing the country’s talent, fintech ecosystem and work-life balance as key reasons for its decision.

NowCM partnered in April with TP Icap-owned Liquidnet to complete its first simulation of a deal origination and order submission.