Sunil Daswani leaves MarketAxess
19 August 2020 London
Image: Sunil Daswani
MarketAxess' head of securities finance solutions Sunil Daswani has left after just under two years with the global fintech firm.
Daswani joined its London office in January 2019 to help lead the business development and strategy for MarketAxess and EquiLend’s joint solution for the Securities Financing Transactions Regulation.
He was also a central figure in promoting MarketAxess’ unique transaction identifier portal which aims to solve one of SFTR's biggest challenges for buy-side members.
With SFTR now in effect, as of July, and the MarketAxess-EquiLend solution up and running, Daswani is understood to have left for a new position elsewhere.
Of the departure, Chris Smith, head of the post-trade business at MarketAxess, comments: “Sunil joined us to develop and launch our comprehensive SFTR solution, and to prepare our clients for SFTR.
“With that done and our launch successfully behind us, he’s decided it’s time for a new challenge.”
Smith confirms that there are no immediate plans to fill the role left by Daswani.
“We’re sad to see him go, but delighted he’s found a great new role to go to and wish him all the best,” he adds.
Prior to MarketAxess, Daswani was head of international securities lending for Northern Trust for just shy of 16 years up until March 2018.
His CV also includes a stint as chairman of the Pan-Asia Securities Lending Association from 2004 to 2008. He has also held positions at Citi and UBS.
Daswani joined its London office in January 2019 to help lead the business development and strategy for MarketAxess and EquiLend’s joint solution for the Securities Financing Transactions Regulation.
He was also a central figure in promoting MarketAxess’ unique transaction identifier portal which aims to solve one of SFTR's biggest challenges for buy-side members.
With SFTR now in effect, as of July, and the MarketAxess-EquiLend solution up and running, Daswani is understood to have left for a new position elsewhere.
Of the departure, Chris Smith, head of the post-trade business at MarketAxess, comments: “Sunil joined us to develop and launch our comprehensive SFTR solution, and to prepare our clients for SFTR.
“With that done and our launch successfully behind us, he’s decided it’s time for a new challenge.”
Smith confirms that there are no immediate plans to fill the role left by Daswani.
“We’re sad to see him go, but delighted he’s found a great new role to go to and wish him all the best,” he adds.
Prior to MarketAxess, Daswani was head of international securities lending for Northern Trust for just shy of 16 years up until March 2018.
His CV also includes a stint as chairman of the Pan-Asia Securities Lending Association from 2004 to 2008. He has also held positions at Citi and UBS.
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