CloudMargin appoints new CIO
05 November 2018 London
Image: Shutterstock
CloudMargin has appointed Daniel Schwartz as chief information officer.
Based in the New York, Schwartz will report to CEO Steve Husk.
In this newly created role, Schwartz will be responsible for product, technology and client operations teams, including the implementation of the company’s product design and the operations of its platform.
Schwartz has experience in financial risk management, derivatives, trading, structuring, business strategy, technology and operations across fixed income and equity products.
Prior to CloudMargin, Schwartz was a managing director at NatWest Markets, formerly known as the capital markets division of Royal Bank of Scotland.
Most recently, he led the transformation of its North American infrastructure services, overseeing its re-engineering through outsourcing operations and leveraging cloud-based services.
During his tenure at the bank, he also headed cross-product technology initiatives to support preparedness for compliance with Dodd-Frank regulations.
From 2005 to 2008, Schwartz was a director at Citigroup, serving as the in-business chief technology officer for fixed income currencies and commodities unit in New York.
From 2002 to 2005, he was vice president and chief business technologist at J.P. Morgan Chase.
Schwartz began his career at Salomon Brothers, where he spent 10 years in trading and research positions.
Commenting on Schwartz appointment, Husk said: “Now is the ideal time to bring Dan Schwartz on board, as he will bring a seasoned, strategic focus to our product development, technology, operations and client service. CloudMargin has always been a first mover in the collateral management space.”
He added: “Schwartz’s breadth of experience and in-depth understanding of what our clients need will bring an important fresh perspective to our offering.”
Schwartz commented: “CloudMargin has, in a very innovative way, done an incredible job of using technology to solve a material business problem and to bring together all of the relevant parties in the collateral lifecycle. The firm has built automation tools that bring tremendous efficiencies, and it has already established a track record for attracting and serving large, high-profile market participants, creating a need to transition to something much bigger than it is today.”
Based in the New York, Schwartz will report to CEO Steve Husk.
In this newly created role, Schwartz will be responsible for product, technology and client operations teams, including the implementation of the company’s product design and the operations of its platform.
Schwartz has experience in financial risk management, derivatives, trading, structuring, business strategy, technology and operations across fixed income and equity products.
Prior to CloudMargin, Schwartz was a managing director at NatWest Markets, formerly known as the capital markets division of Royal Bank of Scotland.
Most recently, he led the transformation of its North American infrastructure services, overseeing its re-engineering through outsourcing operations and leveraging cloud-based services.
During his tenure at the bank, he also headed cross-product technology initiatives to support preparedness for compliance with Dodd-Frank regulations.
From 2005 to 2008, Schwartz was a director at Citigroup, serving as the in-business chief technology officer for fixed income currencies and commodities unit in New York.
From 2002 to 2005, he was vice president and chief business technologist at J.P. Morgan Chase.
Schwartz began his career at Salomon Brothers, where he spent 10 years in trading and research positions.
Commenting on Schwartz appointment, Husk said: “Now is the ideal time to bring Dan Schwartz on board, as he will bring a seasoned, strategic focus to our product development, technology, operations and client service. CloudMargin has always been a first mover in the collateral management space.”
He added: “Schwartz’s breadth of experience and in-depth understanding of what our clients need will bring an important fresh perspective to our offering.”
Schwartz commented: “CloudMargin has, in a very innovative way, done an incredible job of using technology to solve a material business problem and to bring together all of the relevant parties in the collateral lifecycle. The firm has built automation tools that bring tremendous efficiencies, and it has already established a track record for attracting and serving large, high-profile market participants, creating a need to transition to something much bigger than it is today.”
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