OpenGamma is a risk management and solutions provider for OTC markets that has experienced a bout of growth recently, which necessitated the allocation of personnel to its Board.
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Mr. Beeston has been a member of the Board since 2012, along with possessing nearly two decades of experience at a number of financial institutions. Conversely, former CEO of SunGard, Cristobal Conde, joins the Board having worked in a number of senior executive roles at SunGard for nearly 12 years.
According to Mr. Beeston in a statement on his appointment, “OpenGamma is rapidly becoming the standard for margin calculations, a key component for financial institutions during this market structure evolution. The opportunities for growth are clearly significant and I look forward to continuing my work with the board to help reinforce OpenGamma’s position at the heart of the financial ecosystem.”
“We are proud to have such an experienced industry professional as Mark to chair our board. His background in financial services and his deep understanding of banking and financial technology make him the ideal person to lead OpenGamma’s next phase of growth,” added Mas Nakachi, Chief Executive Officer of OpenGamma in an accompanying statement.