AcadiaSoft appoints Lee McCormack
19 July 2018 London
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AcadiaSoft has appointed Lee McCormack as head of collateral product management and professional services.
McCormack will be responsible for extending AcadiaSoft’s CollateralManager service to new customers and further expanding its capabilities for buy-side firms.
CollateralManager provides complete end-to-end collateral management for all buy-side firms
via the AcadiaSoft Hub.
The service is fully integrated into AcadiaSoft’s MarginSphere, an industry standard margin confirmation service that streamlines communications between counterparties engaged in collateral management through automation and electronic messaging.
McCormack most recently served as head of strategy and product development for
CloudMargin.
From 2007 to 2012, McCormack was on the governance committee for LCH SwapClear, first representing UBS and then Morgan Stanley. In this position, he helped design the client clearing service and redesign the default management process.
He also helped to launch Nomura’s over-the-counter clearing services.
Scott Fitzpatrick, director of collateral business and client operations, said: “We are thrilled to have Lee McCormack on board to lead our collateral product management team.”
He added: “McCormack’s extensive experience in post-trade market infrastructure, counterparty risk management and collateral management will be tremendous assets as we continue to roll out CollateralManager to buy-side clients and grow our collateral product business.”
McCormack will be responsible for extending AcadiaSoft’s CollateralManager service to new customers and further expanding its capabilities for buy-side firms.
CollateralManager provides complete end-to-end collateral management for all buy-side firms
via the AcadiaSoft Hub.
The service is fully integrated into AcadiaSoft’s MarginSphere, an industry standard margin confirmation service that streamlines communications between counterparties engaged in collateral management through automation and electronic messaging.
McCormack most recently served as head of strategy and product development for
CloudMargin.
From 2007 to 2012, McCormack was on the governance committee for LCH SwapClear, first representing UBS and then Morgan Stanley. In this position, he helped design the client clearing service and redesign the default management process.
He also helped to launch Nomura’s over-the-counter clearing services.
Scott Fitzpatrick, director of collateral business and client operations, said: “We are thrilled to have Lee McCormack on board to lead our collateral product management team.”
He added: “McCormack’s extensive experience in post-trade market infrastructure, counterparty risk management and collateral management will be tremendous assets as we continue to roll out CollateralManager to buy-side clients and grow our collateral product business.”
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