Clearing Panels 2009 – Singapore edition
SunGard organized the first 2009 Clearing Panel on September 8th in Singapore
Themes discussed were the following:
WHAT ARE THE IMPACTS OF THE FINANCIAL TURMOIL IN YOUR DAILY LISTED DERIVATIVES OPERATIONS?
All business areas of banks and brokers have been seriously put at risk by the financial turmoil of last year, and improvements and streamlining of post-trade processes still to be made have become even more obvious and urgent. Measures have been taken in middle and back offices to survive and mitigate the effects of the credit crisis, and no doubt that financial institutions that will have effectively rationalized their post-trade processes during the financial downturn will be in a high ground over competitors in the reshaped financial markets when the trend reversal will happen.
Is there a demand for more accurate risk management?
Has The downturn conduced financial institutions to focus on how to manage risk more accurately on the post-trade side of their derivatives activity?
What is the risk problematic of financial institutions processing derivatives?
How to better approach the client exposure?
Has special attention been paid to derivatives operations since the beginning of the financial crisis?
Have automation and delocalization increased in middle and back offices?
Have measures been taken to reduce the number and the importance of manual errors?
Have STP processes been improved?
What are the measures put in place due to the turmoil that contribute to a better cost control?
What functions of your derivatives processing activity still need to be streamlined?
How to reduce the costs of delivery?
Participants were:
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Rick Aston SGX Senior Vice President. Head, Institutions Mr Aston is Head of Institutions for Singapore Exchange (SGX). His responsibilities cover the management of business relationships with all institutional clients in the securities and derivatives markets. |
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John Mathias SMX Chief Business Officer Dr. John Mathias is the Chief Business Officer of Singapore Mercantile Exchange (SMX). Mr. Mathias has over 30 years of experience in the global capital markets. Prior to joining SMX, he was with Merrill Lynch for the past 20 years; his last position being Director of Financial Futures and Options. At Merrill Lynch, his responsibilities in the Financial & Futures Options Group included managing global market relations, market strategy and access to new markets, involving the planning and coordination of new market membership or market access initiatives. Mr. Mathias has been a Board Member of several prestigious institutions. Prior to joining SMX in Singapore, he was a Member of the Eurex Exchange Council and a Board Member of The Futures and Options Association in London and The Swiss Futures and Options Association in Geneva. A former Chairman of the European Chapter of the Futures Industry Association, he is currently on the Editorial Board of the FIA’s ‘Futures Industry’ magazine. Mr. Mathias was educated at the London School of Economics and Oxford University, from which he obtained a D.Phil. |
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James Morley Morgan Stanley Asia Regional Head of Listed Derivatives Operations James Morley is the Asia Regional Head of Listed Derivatives Operations at Morgan Stanley, having previously managed the same function for Europe for two years. In addition to Listed Derivatives, he has worked in Money Markets, Foreign Exchange, Commodities, and OTC Derivatives, in areas as diverse as Client Services, Middle Office, Project Management, and Execution Trading. James is currently the Chair of the FIA Asia Clearing Committee, and is a prior holder of the same post in Europe. |
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Jérôme Rousseaux SunGard Deputy Head of Post Trade Services Jérôme is the Deputy Head for the SunGard Post Trade Services Product Line since beginning of 2009. He had been holding the position of Senior Product Marketing Manager for Post-Trade Derivatives for one year prior to the acquisition of GL Trade by SunGard. Between 1996 and 2005, Jérôme worked for the major back-office provider ATSM (then renamed Ubitrade) where he served as Senior Pre-Sales then as Sales Manager for Southern Europe and finally opened the US subsidiary in Chicago as Chief Operating Officer for the back-office system Ubix. Prior to joining ATSM, Jérôme had started his carrier in the IT Group of the Matif before working for one of the exchange subsidiary, Maestro, successively as Project Manager , Head of Support and Head of Sales. For 20 years, Jérôme has acquired a strong experience by occupying various managing functions in the IT services for the Listed Derivatives business. |
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Steve Ryan RBS Head of Asia Pacific Futures & Options Operations Steve Ryan is Asia Regional Head of F&O Operations at RBS. He has over 17 years experience in the finance industry including roles within Project Management, Business Process Reengineering and Client Services at Deutsche Bank, ICAP, Sumitomo Finance and the Bank of England. Steve is currently the current Vice Chair of the FIA Asia Clearing Committee. |
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Jeffrey Tan SICOM Senior Director, Business Development and Clearing Mr Tan leads the product development, clearing house and technology departments for the Singapore Commodity Exchange Limited (SICOM), a company of the Singapore Exchange Limited (SGX). Mr Tan joined SICOM in April 2007. He was previously Vice President, Clearing and Commodities in SGX, in charge of the development and implementation of SGX AsiaClear® – SGX’s over-the-counter (OTC) clearing business and facility for energy and freight derivatives, and the only OTC clearing platform in Asia. In recognition of SGX AsiaClear’s contribution to the OTC energy derivatives market, SGX was named Exchange of the Year, Asia 2007 by Energy Risk, an important publication for the energy industry. In his previous assignments with SGX, Mr Tan had also headed its Strategy and Business Development department and was with its Corporate Strategy function. Prior to SGX, Mr Tan was an associate director with Standard & Poor’s (S&P) credit rating agency as the primary analyst of the financial institutions portfolio for S&P in Malaysia. He was also involved with the analysis of the financial institutions in Thailand and Indonesia. Mr Tan is a Chartered Financial Analyst. He graduated with an Honours Degree in Biochemistry from the National University of Singapore in 1987 and has also completed the Executive Development Programme with the University of Chicago Graduate School of Business. |





