02 August 2006
 

London - SwapsWire announced today that Kerry Williams is joining as Chief Technology Officer. Kerry comes from JPMorgan where he was the CTO for Cross business e-commerce, Economic, Credit and Equities research, Client Relationship Management, IB Coverage, Mergers & Acquisitions and Global Currencies and Commodities.

Roy Flint has been promoted to Chief Operating Officer and continues to be responsible for SwapsWire’s Technical Infrastructure, Customer Services and Testing. Roy has been with SwapsWire since early 2001 and the recent appointment to COO by the SwapsWire Board was in recognition of this broad responsibility. Prior to joining SwapsWire, Roy was Director and Head of Infrastructure for WestLB.

In addition, SwapsWire has expanded its technical team. The additions were made in order to support SwapsWire’s existing business and to allow the group to continue to enhance the company’s offering.

Chris Sargeant has joined SwapsWire as a Technical Support Specialist and is responsible for the administration and deployment of all SwapsWire’s servers and firewalls. Before joining SwapsWire, Chris worked as Systems Administrator for Accenture where he was part of a server and storage team who managed Sainsbury’s core IT infrastructure.

Karl Wolohan has joined SwapsWire as Team Leader for the newly created Application Support team. The team will provide dedicated focus on the IT Support needs of the growing SwapsWire Platform. Before joining SwapsWire, Karl worked as Application Support Leader for Dresdner Kleinwort (DrKW) where he managed all Financial Reporting Technical Support activities for London.

Sam Petrossian has joined SwapsWire’s testing team as Test Analyst and is assisting in software testing activities. Before joining SwapsWire, Sam worked as Test Analyst for Norton Rose where he managed all automated testing of applications.

Tolu Mumuni has joined SwapsWire as Business Analyst. Before joining SwapsWire, Tolu worked as a Consultant for DST International where she worked with users to define and implement the interfaces used to populate the data warehouse.

Chip Carver, SwapsWire’s CEO, said, “Our technical team is vital to our success and our new appointments will strengthen the high powered group we already have in place. The appointment of Kerry as CTO and Roy as COO, and the additions of Chris, Karl, Sam and Tolu will complement the existing group while expanding our capabilities. They will allow us to maintain our well established existing business and continue to upgrade and expand our product offering. We look forward to even bigger things.
SwapsWire captures, verifies and confirms deals on-screen within minutes of execution, removing the need for manual processing of paper contracts. As well as the reduction in processing cost, confirmation on trade date (T+0) means a significant reduction in operational risk. SwapsWire is already used by dealers, inter-dealer brokers and buy-side clients in Europe, the U.S.A. and Asia for OTC derivative products including interest rate, equity and credit derivatives.

About SwapsWire

Since 2002, the SwapsWire system has been automating legal confirmation, trade capture, and broker confirmation for multiple OTC derivatives products including interest rate swaps, forward rate agreements, overnight index swaps, caps, floors, swaptions, credit default swaps, equity options and variance swaps. Today hundreds of sell-side, buy-side, and inter-dealer broker sites in Europe, Asia and the USA use the system.

SwapsWire supports trade workflow of all types, with integrated trade-date legal confirmation, avoiding the traditional need to separate trade-date workflow/checkout from legal confirmation. Workflows supported include:
- Inter-dealer broker STP and confirmation
- Trade Capture
- Legal confirmation
- Prime Brokerage (Give-Up)
- Amendments, terminations, option exercise, corporate actions
- Allocations
- Novations

SwapsWire is owned by a consortium of 21 leading derivatives dealers: Bank of America, The Bank of Tokyo-Mitsubishi UFJ Ltd., Barclays Bank, Bayerische Hypo-und Vereinsbank, BNP Paribas, Calyon, Citigroup, IXIS Corporate and Investment Bank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC Bank Plc, J.P. Morgan Chase & Co., Lehman Brothers, Merrill Lynch, Mizuho Capital Markets, Morgan Stanley, The Royal Bank of Scotland, Societe Generale, Sumitomo Mitsui Banking Corporation, and UBS Investment Bank. For more information on SwapsWire, visit www.swapswire.com

Media Contacts:
SwapsWire Henry Hunter +44 (0)20 7071 0119
Amy Mihalakis 07970 050 828
Kimihiko Matsuno +81 3 4360 8368

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