Rule Financial taps ex-UBS OTC specialist

Rule Financial, an investment banking consultancy, has appointed former UBS executive Marina Potok as an advisor for OTC, structured and securitised products.

Rule Financial, an investment banking consultancy, has appointed former UBS executive Marina Potok as an advisor for OTC, structured and securitised products.

Potok, who will be based in London and report to Jim Warburton, head of the domain group, joins Rule Financial just months before the introduction of OTC derivatives market reforms across the globe.

The new rules, enshrined in the Dodd-Frank Act in the US and the European market infrastructure regulation in Europe, will standardise swaps so they can be centrally cleared and traded on exchange-like platforms, with higher margin requirements for bilateral trades. Asian markets – including Japan, Hong Kong and Singapore – are also in the process of establishing new OTC derivatives laws.

The new legislation will require market participants to reevaluate workflows for swaps trading, including establishing relationships with clearing houses, connectivity to trading venues and collateral management.

Potok’s previous role at UBS was as global head of structured rates middle office. She has also worked at Goldman Sachs, Merrill Lunch and at J.P. Morgan Chase in New York as a business analyst and on a number of derivatives projects.

«