The insider rebuilding the market from the inside
Henry Adams runs TreasurySpring's business in the United States, and his job is deceptively simple to describe: take the wholesale money markets that banks have used among themselves for decades, and make them usable by ordinary corporates and institutions. The markets are enormous. The plumbing behind them is not simple at all. Adams has spent his career in that plumbing.
As US CEO and Global Head of Capital Markets, he sits at the point where TreasurySpring's product meets the real machinery of finance - repo, secured lending, counterparty risk, collateral. TreasurySpring describes its mission as unlocking the multi-trillion dollar wholesale money markets, and the company's core product, the Fixed-Term Fund, packages complex secured financing into something a treasurer can buy without needing a trading desk. Turning that complexity into a few clicks is the whole point, and it takes someone who understands the complexity to hide it well.
Adams relocated to New York to strengthen TreasurySpring's on-the-ground presence in the US, the largest cash market in the world. It was a natural next chapter for a company founded in London that has steadily grown its ambitions. Bringing a European money-market fintech to American corporates is not a copy-and-paste exercise, and putting a senior operator with deep capital markets fluency in the market itself signals how seriously TreasurySpring takes the opportunity.
That two-sided experience matters. Most finance professionals spend their careers on one side of the trade. Adams worked both - the buy side, where you are the investor deploying cash, and the sell side, where you are the institution structuring and pricing the deal. Seeing a market from both angles is unusual, and it is precisely the perspective you would want in someone building a product that has to serve investors while plugging into the institutional side.
From repo desks to fintech leadership
Before TreasurySpring, Adams built a career on the technical, less glamorous side of markets. He worked at BlackRock in collateral management and strategy, then spent roughly a decade at RBC Capital Markets in repo sales and trading, covering credit and government repo and structured lending. In his own words, he "ran diverse secured financing portfolios for RBC for a decade." Repo - the market for short-term borrowing against securities - is one of the largest and least understood corners of global finance. It is also exactly the machinery TreasurySpring taps into.
Alongside the trading career, Adams built a business in property development and investment, an entrepreneurial streak that predates his move into fintech. When he joined the TreasurySpring founders at the start of 2018, the company was still early - he came in as Chief Product Officer, helping shape the Fixed-Term Funds platform that connects those seeking funding with cash-rich firms looking for a safe, transparent place to put money to work.
Career at a glance
He holds an MSc in International Management from King's College London, where he studied from 2003 to 2005 - the same period he was stepping into the fixed income world. His skill set spans capital markets, fixed income, equities, investment banking and derivatives, the full toolkit of someone who has lived inside the trade.
What TreasurySpring is building
TreasurySpring is a London-founded fintech, around 110 people, working to open access to markets that were long the preserve of banks and the largest institutions. Its Fixed-Term Funds standardise investment-grade, secured and unsecured short-term instruments into products that corporates, funds and other institutions can access through a single platform, with automated onboarding designed to cut the friction that usually keeps smaller players out.
The company has grown through venture backing, including a $19.8m Series B in 2023 that brought total funding to roughly $34.5m. Adams has been a voice for the business in the industry, appearing on podcasts including ICMA's Fintech & Digitalisation series - where he discussed the inspiration behind TreasurySpring and its goal of simplifying complex repo transactions - and a corporate treasury special produced with Hermès and Clearstream. He also writes regular market commentary under TreasurySpring's Insights, with pieces such as "Steepening curves and stubborn optimism" and "New Year, New Risks."
- Part of the founding leadership of a fintech opening up the multi-trillion dollar wholesale money markets
- Led product development of the Fixed-Term Funds platform, standardising complex financing into accessible products
- Relocated to New York to establish and grow TreasurySpring's US presence
- Regular podcast guest and author on corporate treasury and money markets
The case for boring
There is a version of finance that dominates headlines - equities, high yield, the big directional bets. Adams built his career somewhere else: in secured, investment-grade, short-dated markets where the goal is safety, transparency and putting idle cash to work without taking on undue risk. It is patient, technical, essential work, and at TreasurySpring it is the entire proposition. The pitch to a corporate treasurer is that a bank deposit is the default, not the optimum, and that the wholesale markets banks use can be opened up to them too.
That is the throughline of his career. He is not an outsider disrupting an industry he does not understand. He is an insider who spent years learning exactly where the money markets are inefficient and inaccessible, and then went to work making them less so. The invisible rails of the cash markets are, for Adams, the product itself.