London-based collateral management platform CloudMargin has hired David White as CCO, the firm announced on April 2.
White brings 14 years of capital markets experience on over-the-counter (OTC) derivatives markets and supporting technology to his new position.
In his new role, White is responsible for establishing and meeting targeted revenue objectives, and overseeing the sales and marketing teams, according to CloudMargin.
He moved to the company from US derivatives giant CME Group, where he worked as head of sales triResolve. He had taken on this role in 2011 at NEX Group, before it was acquired by CME on November 2, 2018, to create a global markets company across futures, cash, and OTC.
Prior to that, White served as a product marketing executive at financial services firm TriOptima for one year.
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His career began as a derivatives consultant at the Derivatives Consulting Group. He also held roles at Sapient Global Markets and Accenture, before moving to TriOptima.
In his new position at CloudMargin, White reports to CEO Stuart Connolly, who he worked alongside during his time as head of sales for the triResolve business of TriOptima.
Connolly spent 18 years of his career at Goldman Sachs, where he worked as a managing director until 2016. He then became group CEO at TriOptima and held this role for more than two years before joining Cloud Margin as CEO in 2019.
Working together again
“I had a great working relationship with David at TriOptima and am delighted he has joined CloudMargin as our Chief Commercial Officer. This is an important new role for us as we continue to grow, and David will hit the ground running, thanks to his deep domain and technical expertise, understanding of our product, and strong working ties with our outstanding partners – such as AcadiaSoft – as well as many in our client universe. In these times of stress across our industry and the world, I know that David’s leadership, empathy, calm demeanour and compassionate professionalism will be a welcome addition to our team,” Connolly said.
“I am hugely exited to join a fast-growing company in an important and evolving market. With continued regulatory change, and a desire across the industry to drive new levels of efficiency, CloudMargin is well positioned to capitalise on the significant opportunity that exists and continue to carve out its place as a key market provider. Having worked with Stuart previously, I know I am joining a company with a positive, energetic culture and thoroughly look forward to working with the talented team across the organisation,” White commented on his appointment.