18 June 2018
Visit www.avoka.com

AcadiaSoft hires Mark Demo as product director

26 August 2015  |  2427 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 https://secure.vasco.comVisit equensworldline.comVisit iliad-solutions.com/

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48542 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10133 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9235 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8152 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
7996 views 11 comments | 12 tweets | 12 linkedin

Featured job

Find your next job