Markit, the financial information service provider, has appointed Jason Nabi as a managing director in its sales and marketing division to boost the firm's growth in the asset servicing industry.
Nabi joins Markit from post-trade services provider Pershing, where he was chief relationship officer for Europe. He has also spent seven years at BNP Paribas Securities Services in a variety of roles, including head of financial intermediaries, CEO for the Channel Islands and Isle of Man and head of asset owner solutions.
“The asset servicing industry is changing,” said Shane Akeroyd, managing director and global head of sales at Markit. “Firms are having to respond to a wave of regulatory changes and are also facing increasing pressure from their clients to enhance their capabilities. Jason’s knowledge of this industry will be invaluable as we tailor our offering to the specific needs of asset servicing firms.”
Markit provides independent data, valuations and trade processing across all asset classes. The company offers Markit Clear, a trade processing platform for settlement of syndicated loans trades. It also operates MarkitSERV, in cooperation with US post-trade services provider the Depository Trust & Clearing Corporation. MarkitSERV combines electronic trade confirmation, position reconciliation and related workflow platform to provide a gateway for OTC derivative transaction processing.