CloudMargin, a financial technology firm and provider of software as a service (SaaS) based collateral and margin management platforms, has secured the services of two new sales executives, adding Laurence Jones and Marc Desanges with immediate effect.
Both Mr. Jones and Mr. Desanges were appointed to help CloudMargin’s global sales efforts, across its businesses in the UK and US. In particular, Mr. Jones joins CloudMargin’s in New York office as its newest Sales Executive. He joins the group with over twelve years of sales experience, including a penchant for operations management and leadership across collateral, clearing and over-the-counter derivatives.
Prior to the appointment, Mr. Jones worked for over six years at London Clearing House (LCH), including the past two years as its Head of Collateral Operations. During this time he focused on LCH’s FX clearing service, ForexClear, helping manage its operations in London and New York as Senior Vice President, FX Operations. Additional stops include Lloyds Banking Group, JPMorgan, and Merrill Lynch.
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By extension, Mr. Desanges will be based out of CloudMargin’s London office, joining the group as its UK Sales Executive in charge of business development for French-speaking countries and southern Europe. He previously worked as the Head of Business Development of the EMEA region for SunGard, also serving as a Sales Executive for Lombard Risk.
According to CloudMargin’s Global Head of Sales, Karl Wyborn in a statement on the dual appointments, “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.”
“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 organization,” added Mr. Desanges.
“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,” reiterated Mr. Jones.