ThetaRay appoints financial markets technology leader Brad Levy as chief executive officer

Business

ThetaRay appoints financial markets technology leader Brad Levy as chief executive officer

ThetaRay, a global provider of Cognitive AI solutions for financial crime compliance, has appointed Brad Levy as its new Chief Executive Officer, marking a new phase of growth as the company scales its artificial intelligence platform across global banks and fintech institutions.

Levy, a veteran financial markets infrastructure executive and former Chief Executive Officer of Symphony, brings decades of experience in building and operating mission-critical financial technology platforms at global scale. He will lead ThetaRay as it expands adoption of its Cognitive AI technology, which is increasingly positioned as a core solution for transaction monitoring and transaction due diligence in complex financial environments.

Prior to joining ThetaRay, Levy served as CEO of Symphony, the financial markets collaboration and technology platform founded by a consortium of leading global banks, including Goldman Sachs. The platform is widely used by financial professionals worldwide. Before Symphony, Levy was a partner and senior executive at IHS Markit, where he served as CEO of MarkitSERV and led the firm’s global loan settlement and software services business. Earlier in his career, he spent 18 years at Goldman Sachs, culminating in his role as Managing Director and Global Head of the Principal Strategic Investments Group. His leadership has been recognized across the industry, including being named CEO of the Year at the 2022 Markets Choice Awards.

Commenting on his appointment, Levy said ThetaRay has built a leading AI platform for financial crime compliance with proven impact across some of the world’s most complex financial systems. He noted that the industry is reaching a point where AI has become foundational rather than optional, adding that his focus will be on scaling the platform globally, strengthening partnerships with financial institutions, and positioning compliance as a strategic driver of sustainable growth.

Levy succeeds Peter Reynolds, who has served as ThetaRay’s Chief Executive Officer since June 2023. During his tenure, Reynolds oversaw a period of accelerated global growth, expanded the company’s enterprise customer base, and strengthened its end-to-end product suite. ThetaRay announced that Reynolds is stepping down for family reasons and will transition to an advisory role, remaining actively involved during a defined transition period.

Erel Margalit, Chairman of ThetaRay and Founder and Chair of JVP, said the company has reached a stage where scale, execution, and global impact are critical. He described Levy as a proven leader in building core financial infrastructure at scale and the right executive to guide ThetaRay into its next phase as a defining platform for the financial crime compliance industry. Margalit added that as vertical and cognitive AI become increasingly central to transaction monitoring and customer due diligence, ThetaRay is well positioned to translate its technological leadership into a strong international business footprint.

ThetaRay is backed by global investors including JVP and Portage, alongside other strategic partners. JVP is a venture capital firm founded in 1993 with operations in Israel and New York and has built and scaled more than 160 companies. Portage is a global fintech-focused investment platform with more than US$2.5 billion in assets under management, supporting financial services innovators across North America and Europe.