Derivatives expert Croxon sets-up consultancy

Derivatives expert Mark Croxon has set-up a consultancy focused on market structure, regulatory change and financial technology three months after leaving Bloomberg.

Croxon incorporated in July a management consultancy firm called Thames Bench Limited which aims to leverage his extensive experience in derivatives, clearing and technology.

The managing director of Thames Bench Ltd told Global Investor: “Thames Bench is focused on regulatory and market structure change as well as financial technology introductions, drawing on my experience over the past decade working in prime services and latterly with Bloomberg.”

Croxon left Bloomberg at the end of April after two-and-a-half years as the data and tech firm’s head of product strategy in charge of Mifid II implementation.

He joined Bloomberg in September 2015 from Nomura where he worked for five years, latterly as the Japanese bank’s executive director and global product head of derivatives clearing.

Before Nomura, Croxon worked at HSBC in equity financing and prime brokerage, in prime services at Barclays Capital and Dresdner Kleinwort, and held various derivatives trading and operations roles at JP Morgan, where he worked for more than a decade.

Croxon has expertise in derivatives clearing, prime services, regulation and technology from his time in banking and at Bloomberg where he worked across the firm’s many technology and data products.

Bill Templer, formerly a managing director at Morgan Stanley and UBS, founded in June last year Seismic Foundry, a financial technology investment firm.

Templer’s co-founders are Cathryn Lyall, formerly with Deutsche Bank, CME Group and Icap, Brendan Bradley, previously with Eurex, and Jeff Gale, who worked at LSE Group and Icap.

Seismic said in April its next funding cycle will focus on investments that help firms optimise their compliance requirements.

Former Ffastfill chairman Keith Todd floated in late April his new risk management investment vehicle, KRM22, on London’s junior AIM market raising £10.3m.

Headed by executive chairman and chief executive officer Todd, London-based KRM22 has said it will invest in technology businesses across the risk management spectrum.