Financial pricing firm Markit Group has reinforced its commitment to an acquisitive growth strategy with the appointment of former Deutsche Bank director Will Meldrum as 'director of acquisitions and strategic development'.
Prior to joining Markit, Meldrum worked at Deutsche Bank for four years, as director and head of global markets strategic investments. In this role, he managed Deutsche Bank's interests across a portfolio of investments with a key focus on industry consortia, electronic trading systems and data. In August 2003, he worked on Deutsche Bank, JPMorgan and Goldman Sachs' sale of RED (Reference Entity Database) to Markit.
He describes his new job as a natural extension of his previous role, in which he participated in the growth of companies as a non-executive board member and customer: "At Markit, I shall be taking on deeper executive responsibilities and I look forward to working with the management team to identify and develop strategic initiatives."
Lance Uggla, Markit CEO adds: "Markit's fast pace of expansion brings with it an increasing need for greater resources focused on our key growth prospects, whether organic or via acquisition. Will has proven skills in identifying and executing on key opportunities, and is highly experienced in the financial consortia space."
Previous acquisitions in the Markit portfolio include LoanX and Totem Valuations.