Yaacov Mutnikas to co-head Markit’s Solutions division

Markit Ltd (NASDAQ:MRKT), an international provider of financial information services, today announced the appointment of Yaacov Mutnikas as cohead of its Solutions division, concentrating on risk analytics, portfolio management and enterprise data management solutions.

In his new role, Mr Mutnikas will be reporting to Markit’s chief executive officer Lance Uggla.

Mr Mutnikas has more than 30 years of experience across software engineering, systems architecture, financial engineering and advanced risk analytics. Previously he was senior advisor at the Bank of England, focused on financial networks and systemic risk. Before that, he worked at Bridgewater Associates and had a long tenure at Algorithmics where he held several concurrent roles including chief technology officer, head of financial engineering and managing director of their EMEA businesses. Mr Mutnikas holds an MSc from the University of Reading and an MSc from King’s College, London.

Yaacov Mutnikas commented on his appointment:

“I am delighted to be joining Markit for its innovative, entrepreneurial culture of helping customers understand and manage risk. It is a firm that I have admired for its remarkable achievements. I look forward to working with the team to build Markit’s Solutions offering to continue to meet the needs of our customers globally.”

Lance Uggla, chief executive officer of Markit, said: “We are excited about Yaacov joining us. His deep experience in risk analytics, portfolio management and enterprise data management solutions will enhance our ability to help our customers meet regulatory requirements and better manage risk. Yaacov’s track record in creating strong, cross discipline, motivated teams that consistently drive and deliver innovation will be immensely valuable to our Solutions business.”

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