Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced the appointment of Marcus Schüler as managing director in sales and marketing, based in London.
Schüler will be responsible for Markit’s relationships with regulators, central banks, trade associations and accounting firms, a mandate that spans all of the firm’s products and services as well as geographic regions. He will report to Shane Akeroyd and Mike Rushmore, Global Co-Heads of Sales and Marketing.
Schüler joins Markit from Deutsche Bank where he was managing director and head of Integrated Credit Marketing in Europe for close to four years. In this role he led marketing and product development for flow and lightly structured credit products. Prior to Deutsche Bank, Schüler was responsible for credit derivative marketing at JPMorgan where he was involved in the creation of the benchmark iTraxx credit derivative indices, now owned by Markit.
Shane Akeroyd and Mike Rushmore, executive vice presidents at Markit, said: "We are very excited to have someone of Marcus’ calibre on board. He is a well known figure in the credit markets, and his extensive capital markets knowledge will be of immense benefit as we consolidate and strengthen our relationships with key influencers such as regulators and industry bodies."
Marcus Schüler said: "Having been an active user of Markit’s credit products for many years, I am delighted to be joining a firm that plays such a central role in the creation of transparency and financial market infrastructure across all asset classes."