London-based Markit, a provider of independent data, portfolio valuations and over-the-counter derivatives trade processing, has opened an office in Sydney, its first in Australia and third in the Asia-Pacific region.Euan Johns will lead the Australian operations, moving from London, where he worked on the Totem service for five years. He will now focus on the Totem interest rate swap service for the Asia-Pacific region.
Johns is joined by Ross Allen, who will be responsible for the Totem equities service for the region, and Andrew King, who will head marketing and local support for clients. Allen and King have also relocated from London.
Markit’s Totem service provides market-makers in OTC derivatives with an independent check for their trading book valuations. The service covers vanilla and exotic instruments in the equity, interest rate, currency, commodity, structured credit and bond markets.
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