CloudMargin appoints first North America head 13 January 2020New York Reporter: Drew Nicol
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CloudMargin, a cloud-based collateral and margin management solutions provider, has promoted Armando Hernandez to the newly established role of head of North America.
The role represents the latest step in the firm’s push into North America, which previously saw the opening of its first US office in New York in 2016.
CloudMargin CEO Stuart Connolly explained that the new position reflects the US’ “ever-increasing role” in the firm’s expansion plans.
In a statement on the appointment, CloudMargin says Hernandez, who now reports directly to Connolly, will take responsibility for the entire North American operating unit, including sales, relationship management, partnerships and client onboarding.
Hernandez joined CloudMargin in September 2018 as director of new business development for North America.
He made the move from Lombard Risk where he served for just over three years as head of business development for buy side relationships in the Americas and the Latin American region.
Hernandez also brings experience from a nine-year stint with Citigroup as vice president, in addition to a role as director of North American collateral products sales support for Omgeo, a post-trade services provider that is now part of DTCC.
Hernandez, who is based in the New York office, adds: “It is a great honour to have the opportunity to lead the North American division for CloudMargin at this time of significant growth.”
CloudMargin has created a number of new roles to support its global growth. In September Karl Wyborn took on a new role as global head of business development in charge of marketing and sales strategy, team development and global sales targets.
At the time, Connolly confirmed his intention to grow the sales operation and team to support CloudMargin's new clients.
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