Why Margin
reform?

Shaun Murray is the Managing Director, CEO of Margin Reform. The former head of Collateral Strategy at RBS and SCB, Shaun is a seasoned professional with over 30 years of international experience. They have been spent focused on enterprise-wide collateral management, credit risk, funding, liquidity, and strategy, working in Europe, Asia, America, and Australia at Tier one banking institutions.

Chetan Joshi is the Founder, COO of Margin Reform. Chetan has over 20 years’ experience across the Margin, Collateral and Legal domains, having held roles at RBS, JPMorgan Chase, Barclays, Bank of America Merrill Lynch and SCB in operations, change management, technology and front office and a previous consultancy role with Baringa Partners.

Sue McGillion-Moore is a Partner and the Americas Practice Lead for Margin Reform.  Sue has over 25 years' of experience in Margin and Collateral Management, having held various senior level collateral roles at JP Morgan Chase, Bank of America Merrill Lynch, Bear Stearns, UBS, AIG, and KPMG supporting over the counter derivatives, exchange traded products, secured transactions, prime brokerage, fx, consumer and commercial insurance products. Sue specializes in defining and building out target operating models with respect to organization, governance, function, process, technology, people, and skill.

Simon McKernan is a senior consultant with over 20 years’ experience across Investment Banking and Wealth Management. The former Head of Collateral Operations at RBS, Simon has covered all aspects of collateral management operations, prime services, clearing, risk and regulatory change programmes. He has led and sponsored technology change and process agility across a range of Tier one institutions.

Dess Kabakova a senior consultant with over 15 years of consulting and operational experience, having worked with both buy and sell-side institutions focused on business transformation strategy and functional engineering and processing. In the collateral and margin domains, Dess has completed various technical design and implementation projects including T2S, central bank and asset management optimisation programmes. Dess leads European Business Development.

Sakti Narayan is a senior consultant with 16 years’ experience in technology, operational risk and business process optimisation across Investment Banking and Asset Management sectors. Starting in business intelligence software development, Sakti developed strategies to identify and optimise front office processes, and recently managed a greenfield project to design and implement an in-house securities lending programme for an investment manager.

Swati Joshi a Business Manager of Margin Reform. Swati has over 20 years’ experience helping businesses operate in an efficient and cost-effective way. She has worked in multiple sectors, including financial services, telecommunications, and health care. She exemplifies strong best practices with a focus on client care.

Stuart Kidd is a senior consultant with over 15 years of international banking experience, focused on derivatives clearing including best practices, strategy, optimisation, and analytics. Most recently in client services at Commerzbank, Stuart has worked at JPMorgan and SCB with stints in Asia, Australia and Europe in client on-boarding and derivative operations.

Juliet Carter has over 14 years’ experience working within the financial, technology and not-for-profit sectors. She is a B2B marketing specialist with a track record in leading marketing strategies that win customers and drive sales and profit. Founder of Carter Consulting, a B2B marketing consultancy for start-ups and SMEs, advising numerous small to medium-sized companies with digital and offline business growth strategies. Juliet leads Strategic Marketing.

Christos Kalapothareas is a senior consultant with over 15 years’ experience in legal documentation. Holding roles with a mixture of Tier one banks and buy-side organisations, supporting Financial Markets and Treasury functions in derivatives and securities lending markets with playbooks and analytics for BAU and regulatory compliance projects such as MiFID, EMIR, UMR and IBOR.

Yannick Lucas is a senior consultant with over 30 years’ experience.  Most recently Head of European Fixed Income at RBC, Yannick has held senior executive positions at several Tier one institutions. Yannick develops securities lending capabilities for Asset Managers and Pension Funds to generate Alpha and optimise their performance. Which includes trading, risk, legal, operational and regulatory issues.

John Southgate is a senior consultant bringing over 20 years of banking experience in various front-office prime brokerage roles within global investment banks, including Salomon Brothers / Citigroup, Lehman Brothers, Nomura and most recently as head of derivatives & collateral product management for EMEA at Northern Trust.

With a very strong client-focus and experience across a range of businesses and client segments, John is passionate about helping clients navigate the plethora of direct and indirect challenges being faced as a result of increased regulatory intervention, whilst also keenly driving efficiencies within their operating models.