Markit (Nasdaq: MRKT), a provider of financial information services, has tapped Yaacov Mutnikas as the co-Head of its Solutions division, according to a Markit statement.
In his new role as the co-Head and Managing Director of Markit’s Solutions division, Mr. Mutnikas will manage the group’s risk analytics, portfolio management, and enterprise data management solutions. He will also be reporting to Markit’s Chief Executive Officer (CEO) Lance Uggla.
Mr. Yaacov joins Markit with over three decades of experience in software engineering and advanced risk analytics management. More recently, he worked as a senior adviser at the Bank of England, focusing on its financial networks and risk. Additionally, he has served in a number of senior level roles at Bridgewater Associates.
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Yaacov Mutnikas made this statement regarding his appointment: “I am delighted to be joining Markit for its innovative, entrepreneurial culture of helping customers understand and manage risk. It is a firm that I have admired for its remarkable achievements. I look forward to working with the team to build Markit’s Solutions offering to continue to meet the needs of our customers globally.”
“We are excited about Yaacov joining us. His deep experience in risk analytics, portfolio management and enterprise data management solutions will enhance our ability to help our customers meet regulatory requirements and better manage risk. Yaacov’s track record in creating strong, cross discipline, motivated teams that consistently drive and deliver innovation will be immensely valuable to our Solutions business,” added Mr. Uggla in an accompanying statement.
Last week, Markit made headlines after it formally completed its acquisition of DealHub, enabling foreign exchange (FX) solutions and connectivity. The acquisition had originally been announced last month, after Markit laid out plans to acquire the provider of trade processing and trading services for FX markets. Markit had originally been targeting a completion of the acquisition of DealHub by Q3 2015, which finished only a few weeks after the announcement.