Mark Demo joins AcadiaSoft
27 August 2015 New York
Image: Shutterstock
AcadiaSoft, provider of collateral hub MarginSphere, has hired Mark Demo as product director.
He will be responsible for directing AcadiaSoft’s response to regulatory changes, and will lead the firm’s product and industry working groups.
Demo joins from JP Morgan Chase where he was vice president of business architecture and transformation, responsible for collateral market infrastructure planning in the OTC derivatives space.
He has also represented JP Morgan on various ISDA working groups and has acted as co-chair of the ISDA collateral steering committee.
At AcadiaSoft, he will be based in New York and report to CEO Chris Walsh.
Walsh said: “[Demo] is an industry leader who has pioneered many of the standards and best practices implemented within the MarginSphere hub today.”
Demo added: “I am excited to join AcadiaSoft as they implement this market-wide solution to the operating challenges posed by the new margin regulations.”
“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.”
He will be responsible for directing AcadiaSoft’s response to regulatory changes, and will lead the firm’s product and industry working groups.
Demo joins from JP Morgan Chase where he was vice president of business architecture and transformation, responsible for collateral market infrastructure planning in the OTC derivatives space.
He has also represented JP Morgan on various ISDA working groups and has acted as co-chair of the ISDA collateral steering committee.
At AcadiaSoft, he will be based in New York and report to CEO Chris Walsh.
Walsh said: “[Demo] is an industry leader who has pioneered many of the standards and best practices implemented within the MarginSphere hub today.”
Demo added: “I am excited to join AcadiaSoft as they implement this market-wide solution to the operating challenges posed by the new margin regulations.”
“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.”
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