Nabi takes key role in Markit's asset servicing push
Markit, the financial information service provider, has
appointed Jason Nabi as a managing director in its sales and marketing
division to boost the firm's growth in
the asset servicing industry.
Nabi joins Markit from post-trade services provider
Pershing, where he was chief relationship officer for Europe. He has also spent seven years at BNP Paribas Securities Services in a variety of roles,
including head of financial intermediaries, CEO for the Channel Islands and Isle of Man and head of asset owner solutions.
“The asset servicing industry is changing,” said Shane
Akeroyd, managing director and global head of sales at Markit. “Firms are having
to respond to a wave of regulatory changes and are also facing increasing
pressure from their clients to enhance their capabilities. Jason’s knowledge of
this industry will be invaluable as we tailor our offering to the specific
needs of asset servicing firms.”
Markit provides independent data, valuations and trade
processing across all asset classes. The company offers Markit Clear, a trade
processing platform for settlement of syndicated loans trades. It also operates
MarkitSERV, in cooperation with US post-trade services provider the Depository
Trust & Clearing Corporation. MarkitSERV combines electronic trade
confirmation, position reconciliation and related workflow platform to provide
a gateway for OTC derivative transaction processing.