ThetaRay, a provider of Cognitive AI financial crime compliance, this week announced the appointment of Brad Levy as CEO. Levy is a financial markets infrastructure executive and former CEO of Symphony.
Symphony is a financial markets infrastructure and technology platform established by a consortium of leading global banks, including Goldman Sachs and other major financial institutions, and relied upon by hundreds of thousands of financial professionals globally. Prior to Symphony, Levy was a partner and senior executive at IHS Markit, including serving as CEO of MarkitSERV and leading the firm’s global loan settlement and software services business. Earlier in his career, Levy spent 18 years at Goldman Sachs, culminating as managing director and global head of the firm’s Principal Strategic Investments Group.
“ThetaRay has built the leading AI platform for financial crime compliance, with proven impact across the world’s most complex financial environments,” said Levy. “The industry is reaching a tipping point, where AI is no longer optional but foundational. My focus is on scaling this platform globally, deepening our partnerships with financial institutions, and embedding compliance as a strategic capability that drives sustainable growth. I’m tremendously excited to lead the company forward alongside a team that combines deep domain expertise with real-world execution.”
ThetaRay also announced that outgoing CEO Peter Reynolds, who has served since June 2023, will be stepping down and transitioning to an advisory position. He will remain actively involved during a defined transition period and will continue to support the company and its leadership team as an advisor.
“ThetaRay is the clear category leader in Cognitive AI for financial crime compliance, and we have reached a moment where scale, execution, and global impact matter more than ever,” said Erel Margalit, chairman of ThetaRay and founder and chair of JVP. “Brad is a proven leader in building and operating core financial infrastructure at global scale, and he is the right CEO to lead ThetaRay into its next phase as a defining platform for the industry.
“As Vertical AI becomes a critical driver in transaction monitoring and customer due diligence across the banking and financial sectors, ThetaRay is strengthening its position as a technological leader in this space. Beyond stopping increasingly sophisticated financial crime, ThetaRay enables legitimate global trade corridors by allowing banks and financial institutions to execute international transactions more efficiently and securely.”