Calypso Technology, Inc., a provider of Capital Markets software solutions, announced today the appointment of Venkatesh Ramasamy as Senior Vice President (SVP) for Business Services and Utilities. In this newly created role, Mr. Ramasamy, as a member of the company’s operating committee, will develop and execute a strategy for offering customers cost-efficient managed services.
Mr. Ramasamy has a long career in developing innovative capital markets solutions for banks and the buy-side. Most recently, he was Global Co-Head of Prime Services at the Royal Bank of Scotland, where he established a cross-asset service for hedge funds and leveraged players. In that role, Mr. Ramasamy led pivotal initiatives providing ETD and OTC clearing, intermediation on rates and FX during the crisis, and financing cross-asset margin post crisis. Prior to that role, Mr. Ramasamy held a number of management roles on the business and IT side at RBS and Dresdner Kleinwort (in London and Tokyo).
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“We are truly excited to have Venkatesh on board. He is a seasoned and accomplished executive who has a record of managing product innovation, revenue gains and organizational change through some of the toughest conditions faced by capital markets in the last 50 years,” states Mr. Charles Marston, Chairman and CEO of Calypso.
Increased regulation and changing market structures have forced capital markets participants to adapt their business and technology strategies, focusing on those activities that create the most shareholder value while outsourcing those where it is economically attractive. It is in this arena of change the company believes Mr. Ramasamy will bring new solutions to market.
“One market trend we see is increased reliance on software and hardware partners for managed post-trade business services,” states Mr. Ramasamy. “I was attracted to Calypso because of its commitment to be the first and best at providing scalable solutions to emerging industry challenges. Whether it’s solutions for credit derivatives, or clearing and collateral, or managed services to buy and sell-side clients, Calypso has enabled its customers to benefit from market structure changes and to crystalize cost efficiencies.” Mr. Ramasamy has first-hand experience with the Calypso platform, having spearheaded its implementation at RBS to consolidate multiple systems.