CloudMargin, the leading web-based collateral and margin management solutions provider, announced today the appointment of Laurence Jones and Marc Desanges to its sales departments in New York and London respectively.
Laurence Jones, who joins CloudMargin as Sales Executive in New York, hails from an operations management background with 12 years’ experience in collateral, clearing and over-the-counter derivatives. For the last six years, Jones has been with the London Clearing House (LCH), where most recently he served for two years as Head of Collateral Operations in both London and New York. Prior to that, as Senior Vice President, FX Operations, he managed the design, launch and build-out of the LCH FX clearing service, ForexClear. Before joining LCH, Jones held collateral and operations positions at Lloyds Banking Group, JPMorgan and Merrill Lynch.
“The field of collateral management has seen a wealth of change over the past 12 to 18 months, and it’s really moved to the forefront as the new bilateral margin rules started to stagger into effect beginning Sept. 1 last year. Having the world’s first cloud-based solution gives us the opportunity to get clients live on CloudMargin in days or weeks, rather than months or years. Having worked on a number of large installations in my career, I’ve never seen this kind of swift deployment,” said Jones.
Based in London, fellow appointee Marc Desanges assumes the role of Sales Executive in charge of business development for French-speaking countries and southern Europe. Over the past five years, the multilingual Desanges has held positions in collateral management, risk and compliance solutions. In a career spanning 10 years, Desanges has served as Head of Business Development of the EMEA region for SunGard; Sales Manager, EMEA for FIS; and most recently as Sales Executive for Lombard Risk.
“I am very excited to join such an innovative FinTech company that has been singled out as one of the firms to watch in coming years. CloudMargin’s vision, unique cloud-based business model and talented team were big draws for me in joining the organisation”, said Marc Desanges.
CloudMargin Global Head of Sales Karl Wyborn said: “We are thrilled to bring Marc and Laurence on board, and we know that their outstanding experience in collateral management and financial services will be a great asset as we continue growing globally.”