Pirum selects Jennis to accelerate collateral services growth in North America
17 April 2024 US
Image: Pirum
Pirum has welcomed Mark Jennis to its US team, heading up business development for CollateralConnect in North America.
Jennis brings more than three decades of collateral management experience, including within strategy, business and product development, and execution.
He joins the post-trade services fintech from Morgan Stanley, where he served in a number of senior roles, including within business unit risk management. During his two stints with Morgan Stanley, Jennis held a 14-year tenure with the firm.
Previously, he led strategy and strategic partnerships at Transcend, between 2019 and 2023.
In addition, he developed blockchain use cases and solutions for PeerNova; he was executive chairman at DTCC-Euroclear GlobalCollateral, spearheading the Margin Transit Unit; and held a number of senior positions at Banker Trust between 1987 and 1999.
The appointment follows Pirum’s continued expansion of its CollateralConnect client-base on both sides of the Atlantic.
The cloud-based, software-as-a-service (SaaS) solution is designed to enable firms to manage and optimise collateral across all major venues and products — including securities lending, repo and derivatives.
The solution works to solve objectives such as liquidity coverage ratio (LCR), net stable funding ratio (NSFR) and risk-weighted asset (RWA).
Commenting on the appointment, Jennis says: “This role [represents] a unique opportunity both to expand the footprint of a collateral product and to play a key role in upgrading the entire collateral industry’s conception of what best-in-class looks like.”
Frank Seibold, Pirum’s head of commercial development, Americas, adds: “[Mark’s] deep industry expertise, which is both comprehensive and diverse, coupled with his client-minded, problem-solving mentality, harmonises perfectly with the spirit of collaboration and innovation that defines Pirum’s culture.
“Tapping into the potential of CollateralConnect promises to transform the collateral management workflow, a crucial component of the industry that Pirum caters to.”
Jennis brings more than three decades of collateral management experience, including within strategy, business and product development, and execution.
He joins the post-trade services fintech from Morgan Stanley, where he served in a number of senior roles, including within business unit risk management. During his two stints with Morgan Stanley, Jennis held a 14-year tenure with the firm.
Previously, he led strategy and strategic partnerships at Transcend, between 2019 and 2023.
In addition, he developed blockchain use cases and solutions for PeerNova; he was executive chairman at DTCC-Euroclear GlobalCollateral, spearheading the Margin Transit Unit; and held a number of senior positions at Banker Trust between 1987 and 1999.
The appointment follows Pirum’s continued expansion of its CollateralConnect client-base on both sides of the Atlantic.
The cloud-based, software-as-a-service (SaaS) solution is designed to enable firms to manage and optimise collateral across all major venues and products — including securities lending, repo and derivatives.
The solution works to solve objectives such as liquidity coverage ratio (LCR), net stable funding ratio (NSFR) and risk-weighted asset (RWA).
Commenting on the appointment, Jennis says: “This role [represents] a unique opportunity both to expand the footprint of a collateral product and to play a key role in upgrading the entire collateral industry’s conception of what best-in-class looks like.”
Frank Seibold, Pirum’s head of commercial development, Americas, adds: “[Mark’s] deep industry expertise, which is both comprehensive and diverse, coupled with his client-minded, problem-solving mentality, harmonises perfectly with the spirit of collaboration and innovation that defines Pirum’s culture.
“Tapping into the potential of CollateralConnect promises to transform the collateral management workflow, a crucial component of the industry that Pirum caters to.”
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