OpenGamma Fortifies Board with Pair of New Appointments

OTC Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term provider, OpenGamma, has named Mark Beeston and former SunGard CEO, Cristobal Conde, as its newest Chairmen of the Board of Directors amidst a period of growth for the firm.

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.

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.