Droit Financial Technologies, a provider of pre-trade front office and post-trade compliance solutions for derivatives, has appointed three people to a new advisory board.

Former CEO of International Swaps and Derivatives Association (Isda), Robert Pickel, financial technology investor Mark Beeston, and former UBS Group managing board member Seth Cohen, will join the board, effective immediately.

The board will help Droit deliver compliant trading solutions that address the need for financial institutions to meet a complex array of evolving global regulatory and market structure requirements.

"Pre and post-trade compliance were a central focus in my roles at Isda. I am excited to build on this experience in a practical product arena with the industry-leading team at Droit," said Pickel.

Pickel was CEO of Isda for over a decade. He also served as executive vice chairman and general counsel during his nearly 17 years with ISDA. The Droit Advisory Board is his first appointment since leaving Isda.

“I am delighted to be teaming up with Bob, Seth and the Droit team to address the painful and complex challenge of auditable compliance throughout the trade lifecycle,” said Beeston.

Former Deutsche Bank executive Beeston is CEO and founder of Illuminate Financial Management, a financial technology venture capital firm.

“Compliance and the associated reputational risk are top of bank executives’ agendas,” said Cohen, a 30-year financial services executive who retired from the Group Managing Board of UBS AG in 2008 to found the international consultancy, Eleven Canterbury.

“Until now, most trading infrastructures have been missing the integration of technology, operations, legal and compliance to deliver effectively on this urgent need.”

Founded in 2012, Droit provides solutions for dealing with the massive new market structure and regulatory requirements affecting the OTC derivatives space.