London based clearing, risk and regulatory specialists Catalyst Development Ltd have strengthened their senior team with the announcement of three new Partners: Greville Lucking, Stephen Loosley and Tom Lodge. These appointments come as Catalyst is seeing significant increases in demand for their specialist clearing, risk and regulatory services across the globe and particularly in APAC.
Greville Lucking has joined the firm as a Partner. Greville has previously owned and run his own businesses and was formerly Chief Operating Officer and Head of the Calypso Practice at Formicary Limited. His career in banking and financial services has spanned more than 20 years, working both in-house and as a senior adviser to top tier banks and buy-side firms. Speaking on his appointment Greville said “there is a very strong complementary fit between my experience in technical consulting and Catalyst’s focus on delivering to the business itself. My focus will be on bridging those worlds and ensuring that Catalyst continues to develop and deliver innovative solutions to the most pressing issues around cost reduction, capital efficiency, regulatory compliance and organisational performance facing our clients.”
Stephen Loosley has been promoted from Managing Consultant to Partner. In his earlier career, Stephen was a key participant in the largest OTC Default in history – Lehman Brothers Special Financing, hedge and auction of $9trn cleared notional interest rate swap portfolio. Before joining Catalyst, he worked at LCH SwapClear where he started as an analyst and left as head of SwapClear’s middle office – running risk and operations for $300tr of IRS swaps across 50 banks. He now leads Catalyst’s high profile international OTC clearing, risk and regulatory projects. A frequent industry commentator, Stephen’s most recent publication is his whitepaper entitled ‘EMIR OTC Clearing: why wait?’ which is available at: http://www.catalyst.co.uk/risk-regulation/emir-otc-clearing-why-wait/
Tom Lodge has also been promoted from Managing Consultant to Partner. Tom is a leading expert in OTC clearing and swap compressions, with an investment banking career spanning change management, product control, finance and trading. He has a thorough understanding of front to back OTC clearing and in the design and delivery of both tactical solutions to hit market deadlines and robust, scalable strategic solutions for the long term. Before joining Catalyst, Tom worked for Deutsche Bank, where he insured operational readiness around OTC Rates Clearing. Tom is also a frequent commentator on industry matters and his most recent whitepaper entitled ‘Compression: three vital steps to maximise capital efficiency’ is available here: http://www.catalyst.co.uk/risk-regulation/compression-three-vital-steps-to-maximise-capital-savings
Christian Lee, Catalyst Board member and Head of Catalyst’s Clearing, Risk and Regulatory team comments: “We are now seeing unprecedented levels of demand for Catalyst’s clearing, risk and regulatory services right across the globe and particularly in APAC. I am therefore delighted that Catalyst can both recognise and also attract market-leading talent, to ensure we continue to deliver the highest levels of excellence to our clients. I am very pleased to welcome Greville, having worked closely with him at LCH. He brings significant technical expertise as well as leadership experience from his roles within Formicary and as an entrepreneur. It is also always a pleasure to be able to promote significant talent from within. Stephen and Tom’s Partnerships are a clear recognition that both are leading experts in their field and have pioneered market-shaping events during their careers. I am very excited about the work we will be able to do together as Catalyst continues to grow from strength to strength.”
ENDS
