19 March 2018

AcadiaSoft hires Mark Demo as product director

26 August 2015  |  2411 views  |  0 Source: AcadiaSoft Inc

AcadiaSoft Inc., provider of the industry-leading MarginSphere collateral hub, today announced the appointment of Mark Demo as Product Director.

Mr. Demo will assume responsibility for directing the company’s response to regulatory changes and will lead AcadiaSoft’s product and industry working groups. He will be based in New York and will report to AcadiaSoft Chief Executive Officer Chris Walsh.

Mr. Demo joins from J.P. Morgan Chase where he was Vice President of Business Architecture and Transformation and was responsible for Collateral Market Infrastructure planning in the OTC Derivative space and for implementing technology and business process changes associated with Derivatives Financial Reform in the J.P. Morgan Corporate & Investment Bank. Mark has more than 20 years of experience managing business process changes at J.P. Morgan and five years of experience working on process changes in collateral operations associated with financial regulation under Dodd Frank and EMIR. He has represented J.P. Morgan on a number of ISDA industry working groups and initiatives within the OTC derivative market and is formerly the co-chair of the ISDA Collateral Steering Committee, the ISDA WGMR Collateral and Margin Processing working group and Portfolio Integrity working group.

“Mark is an industry leader who has pioneered many of the standards and best practices implemented within the MarginSphere® hub today,” said Chris Walsh, Chief Executive Officer of AcadiaSoft. “We are thrilled to have him on board and confident in his ability to strengthen AcadiaSoft’s leadership role across the industry.”

In response to un-cleared margin rules expected to be effective in September 2016, AcadiaSoft last month announced an agreement to link its industry-leading electronic margining service with ICAP TriOptima’s triResolve OTC trade reconciliation service and the Margin Transit Utility (MTU) to be operated by the DTCC-Euroclear GlobalCollateral joint venture. Integrated through MarginSphere®, AcadiaSoft’s open, end-to-end collateral hub, the joint solution fully automates and records the margin process, including calculation and matching of margin, comparison of necessary inputs and agreement of calls and collateral movements.

“I am excited to join AcadiaSoft as they implement this market-wide solution to the operating challenges posed by the new margin regulations,” said Mark Demo. “The expansion of margin requirements will increase margin activity significantly, making regulatory compliance difficult using current margin processes. I look forward to working with AcadiaSoft's clients and partners to further develop the services that will enable regulatory compliance, improve industry processes, and reduce risk.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.nextgenbanking.co.ukVisit www.facebook.com/business/

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
9045 views comments | 28 tweets | 39 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8452 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7233 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
7179 views comments | 15 tweets | 29 linkedin
AI augmenting compliance processesAI augmenting compliance processes
6911 views comments | 3 tweets | 5 linkedin

Featured job

London, UK (or flexible)

Find your next job