Markit Appoints Leading Industry Executive to Spearhead OTC Derivative Valuations and Trade Processing

London – Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, today announced the appointment of Jeff Gooch to its Executive Management team.

Gooch joins Markit as an Executive Vice President and Head of Markit’s Portfolio Valuations and Trade Processing businesses.

Prior to joining Markit, Gooch worked at Morgan Stanley for eleven years, most recently as Managing Director, Global Co-Head of Fixed Income Operations and Global Head of OTC Derivative Operations. He was formerly the European co-chair of the ISDA Operations Committee, and served as Morgan Stanley Board Director of Markit in addition to being a member of the Markit RED (Reference Entity Database) Advisory Board.

Previously, Gooch spent eight years working at Ernst & Young in the Financial Services Practice. He is a qualified Chartered Accountant and holds an M.A. in Mathematics from Cambridge University.

Lance Uggla, Chief Executive Officer of Markit, said: “Jeff is an incredible talent with deep experience of operations gained at a leading global financial institution and we are delighted to have attracted someone of his calibre. His background will complement the existing Markit leadership group and will accelerate our drive to be the leading financial services firm for the processing and valuation of OTC derivatives.”

Jeff Gooch commented: "Markit is a unique, entrepreneurial firm. Having sat on Markit’s board for a number of years, I have watched the company go from strength to strength and am very much looking forward to playing my part in the next chapter of Markit’s development.”


- Ends -


For further information, please contact:

Markit
Teresa Chick
Director, Corporate Communications
Tel: +44 20 7260 2094
Email: teresa.chick@markit.com

About Markit

Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from over 75 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.

Markit’s position in the derivatives markets has been acknowledged by the industry with numerous awards. In 2006, the company won Operations Management’s Vendor of the Year award (Trade Processing); Financial News’ Best Derivatives Data Solution and Best New Vendor Solution (Portfolio Valuations); Credit’s Best Operational Support Services Provider; Inside Market Data’s Reference Data Provider of the Year, and Company to Watch; Risk’s Trading Initiative of the Year (Credit Event Fixings); and Structured Finance International’s Editor’s Award for Advancing Structured Finance. In 2005, Markit received International Securitisation Report’s Editor’s Award for Innovation; International Financing Review’s Innovation of the Year (Credit Event Fixings); Financial News’ Best Derivatives Data Provider; and Operations Management’s Vendor of the Year award.