CloudMargin has appointed Martin Heraghty as Sales Director for the DACH region in Europe, comprising Germany, Austria and Switzerland, and Central Europe, and reporting to David White, Chief Commercial Officer.
The collateral and margin management solutions provider will leverage his more than 15 years of selling trading technology solutions to expand its presence throughout Europe.
Heraghty joins CloudMargin from Corvil, where he was Sales Director for seven years. The real-time trading analytics and machine intelligence solution provider was acquired in 2019 by Pico, a technology provider for financial markets.
Heraghty boasts a deep understanding of the collateral management space and has an extensive network in Europe after having spent several years at Lombard Risk (now VERMEG), where he was responsible for sales in the European territories of the firm’s collateral management and risk solutions. He also served as Business Development Manager at Misys – now Finastra – a global strategic partner of CloudMargin.
From 2009 to 2011, Heraghty was Sales Director at SunGard (now FIS). He previously served in several other sales and business development roles at other software and financial consulting businesses throughout his career.
Martin Heraghty, Sales Director for the DACH at CloudMargin, said: “I very much appreciate the opportunity to join CloudMargin at this important period of evolution in the collateral management world. CloudMargin continues to lead the way in terms of reducing costs, minimizing risk, and enabling efficiencies in an increasingly regulated environment. Being owned by key market stakeholders and with strong technology partnerships, we are uniquely placed to be the collateral management solution of choice for the market, and I look forward to joining the rest of the CloudMargin team in making that a reality.”
David White, Chief Commercial Officer at CloudMargin, commented: “Martin is a great fit for our growing team, with years of industry experience at competitor and partner firms and a strong grasp of the needs and challenges of the German-speaking market. He has a wide range of authentic relationships which will help us deliver the CloudMargin value proposition to drive forward the modernization of firms’ collateral management functions.”
White joined the UK-based Collateral Management service provider in April 2020. The 14-year OTC derivatives veteran is responsible for establishing and meeting targeted revenue objectives and also overseeing the sales and marketing team activities. Before joining the collateral management service provider, he served as Head of Sales at US derivatives services provider CME Group handling their TriResolve operations. He originally served as a member of Nex Group Plc and became a part of CME Group post the former’s acquisition by the latter in November of 2018.