Firm said in November it plans to launch bilateral service by the end of March
Margin firm NetOTC has promoted David
Maloy to chief operating officer as it prepares for the planned
launch of its new margining service.
The London-based company - which aims to
smooth the process of managing margin for uncleared swaps -
said on Wednesday that Maloy, who most recently served as chief
executive officer for NetOTC’s US operations, is
now chief operating officer, responsible for the strategy,
management and development of the firm’s
operations. NetOTC said Maloy has relocated to London.
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