Mark Faulkner joins Pirum as non-exec director
Mark Faulkner has become a non-executive director on the board of securities finance fintech provider Pirum Systems.
Faulkner, who has long been a prominent figure in securities lending, is best known for founding Data Explorers in 1994.
He sold his company to IHS Markit in 2012 and the business remains a leading provider of securities finance data and related services.
In the same year, he co-founded Credit Benchmark, a credit risk data and
analytics provider.
Faulkner is another
key hire to bolster the post-trade service provider’s senior management. COO Ben
Challice and global head of
business development Phil Morgan, both formally of Nomura, joined last year as did product
manager James Stillwell, formally of Citi and State Street.
Rajen
Sheth, CEO of Pirum, said: “Mark has a wealth of experience in delivering
solutions for securities finance and the broader financial markets. We look
forward to working with him as we continue to build the next generation of
services.”
Faulkner
said: “Now is a time when financial markets participants more than ever need
fintech providers to meet the dual challenges of developing their businesses
and meeting regulatory requirements in this ever more interconnected
world. Pirum is ideally placed to help meet these challenges.
“I
look forward to re-connecting with the securities finance world after several
years’ absence from the market.”
Pirum
provides a secure, centralised automation and connectivity hub which connects
market participants, allowing them to electronically verify key transaction
details and automate the post-trade lifecycle.
Faulkner has also previously held management roles at LM Moneybrokers, Goldman Sachs and Lehman Brothers.
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