Markit Expands Executive Team

London – Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, today announced that it has appointed Shane Akeroyd to its executive team. Akeroyd joined Markit this week as Executive Vice President and Co-Head of Global Sales and Marketing.

Akeroyd will share responsibility for Markit’s global sales and marketing division with Mike Rushmore, Executive Vice President. Akeroyd’s extensive capital markets experience complements Rushmore’s knowledge of Markit’s product range, and will allow Markit to increase its distribution capabilities globally.

Akeroyd has over 20 years of sales experience, having previously worked at RBC Capital Markets where he was Head of Global Debt Markets Distribution and a member of the executive management team. Prior to RBC, Shane was Vice Chair, Capital Market Sales at TD Securities, responsible for European, Asian and Australian sales.

Lance Uggla, Chief Executive Officer of Markit, said: “With his extensive knowledge and experience of the OTC derivatives markets, Shane is a fantastic addition to Markit’s executive team. His appointment will allow us to explore new opportunities in the global markets, and develop new relationships with buy-side and sell-side institutions as well as strengthen existing ones.”

Shane Akeroyd, Executive Vice President, Co-Head of Global Sales and Marketing at Markit, said: “The rapid growth of Markit since it was founded in 2001 is a remarkable success story and I am delighted to join such a dynamic and innovative team. Markit’s complex product offering calls for a sophisticated sales and marketing approach and I look forward to the challenges ahead.”

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For further information, please contact:

Caroline Lumley
Vice President, Corporate Communications
Markit
Tel: +44 (0)20 7260 2047
Email: caroline.lumley@markit.com

About Markit

Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.