17 October 2017

Markit establishes Sydney operations

14 January 2008  |  1404 views  |  0 Source: Markit

Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that it has opened an office in Sydney.

This is Markit's first office in Australia and its third office in the Asia Pacific region.

David Crammond, Chief Executive Officer of Markit Asia, said: "The Asia Pacific region is key to our expansion plans, and we are seeing a surge in demand for our pricing and valuation services in the area. Financial regulators around the world are very much focused on the need for accurate, independent valuations, and this focus has sharpened with the credit crisis. A presence in Australia will enable Markit to capitalise on this demand and will allow us to be closer to our clients in the region."

Markit provides sell-side and buy-side firms with critical valuation services. Markit's Totem service provides the major market makers in over-the-counter derivatives with a rigorous independent check for their trading book valuations. The service covers vanilla and exotic instruments in the equity, interest rate, currency, commodity, structured credit and bond markets.

Markit's Portfolio Valuations service draws from a unique, proprietary dataset to provide buy-side firms with an independent post-trade calculation of the gross asset value of a portfolio of trades. The service enables clients to establish a fund's Net Asset Value.

Euan Johns, Director, will lead Markit's Australian operations. Johns previously worked on the Totem service in London for five years and will now focus on the Totem Interest Rate Swap service for the Asia Pacific region. He is joined by Ross Allen who will be responsible for the Totem Equities service for the region, and Andrew King who will head marketing and local support for current and new clients. Both Allen and King have also relocated from Markit's London headquarters.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14901 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8193 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7517 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6819 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6150 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job