Building a better future for bond markets

Our vision

Efficient markets are not built by chance.

We are definite optimists: we believe that the future will be better if we adequately plan and then strive to build it.

The shortcomings of the bond market are known to investors, issuers, dealers, and custodians alike. At New Debt Exchange, we seek to improve connectivity in a manner that enhances liquidity and improves automation, and do so all the while being sensitive to align with the incentives of existing market players.

Our Investors

We closed an initial round of financing in May 2022 and are backed by strategic individuals from the CLO and broader bond market, including several former partners from Goldman Sachs, founders of asset management and technology businesses in the CLO and broader capital
markets, traders from both the buy-side and sell-side, portfolio managers, quants, risk managers, consultants, and lawyers. Our investor group brings together leading industry participants who advise the company on product and strategy.

We aspire to broaden this consortium over time and include both strategic and independent investors spanning the sell-side, the buy-side, financial technology providers, venture capital firms, custodians and trustees, and issuers of bond securities.

Leadership

William van Hertsen – Founder & CEO

Before launching New Debt Exchange, I was a vice president in the Securities Division at Goldman Sachs, as a trader in Principal Funding & Investment. I worked with clients to find executable solutions to complex problems. I closed hundred-million-dollar secured financings, I structured and marketed novel asset backed-securities, and I restructured or unwound legacy credit derivatives. I started a new business line to address the financing needs of ABS originators following the adoption in the US of Risk Retention regulation, where GS became and still is a market leader.

I hold a Bachelor of Science in Applied Mathematics and a Master of Science in Financial Engineering from Dauphine University in Paris, France.

When building tailored products, we try to leverage existing systems and flows, so I got to learn first-hand about the shortcomings and inefficiencies of the bond market. My problem-solving skill-set and extensive knowledge of debt markets are the right mix to bring much-needed innovation to connectivity in the bond market.

Roger van Hertsen – co-founder & CTO

I am running product development and building the tech platform at New Debt Exchange using a serverless computing architecture. I have a tech background as a full stack software engineer – I started working in trading technology and have then worked at start-ups. My prior experience includes:

  • MobileIron where I built micro-services for a cloud enterprise mobile device security platorm.
  • Barclays Capital where I built pricing functions for interest rate and FX derivatives desks.

I hold a Bachelor of Science and a Master of Science in Applied Mathematics from Dauphine University in Paris, France.

EVRARD van Hertsen – ADVISOR

I am advising New Debt Exchange on business development, technology strategy, hiring key employees, and raising capital. I previously founded, developed as Chief Executive Officer, and sold three VC-backed financial and financial technology companies:

  • Options Market France, acquired by MATIF/Paris Bourse (now Euronext), which was an inter-dealer broker, created the first equity index in France and provided tradable futures and options. OMF operated with a bank charter, had an integrated clearing house and became a regulated exchange for derivatives.
  • Renaissance Software, acquired by SunGard (now FIS), which sold enterprise software for risk management of interest rate derivatives at leading investment banks.
  • Application Networks, acquired by Reuters, which pioneered service-oriented architecture to build enterprise software for risk-management of complex derivatives at leading investment banks.

I am a graduate of Ecole Polytechnique, France.

Disclaimer: New Debt Exchange is not currently registered as an exchange, broker/dealer, investment advisor or otherwise. This page is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to purchase, or a recommendation of any security or any other product or service by New Debt Exchange or any other third party regardless of whether such security, product or service is referenced. Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. New Debt Exchange does not represent that the securities, products, or services discussed in this website are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.