This service will offer index administration, calculation and publication to third parties and will span synthetic credit, structured finance, equities, bonds, interest rates and foreign exchange. Markit said additional asset classes will be added to the service as required. Stark will be based in London and report to Stephan Flagel, head of indexes at Markit.
Stark joins Markit from London-based bond trading firm EuroMTS, where he was chief executive of the index division for five years. In this role, he was responsible for the launch of a series of pan-European government bond indexes.