NetOTC, a provider of innovative risk solutions, has appointed David Maloy as its newest Chief Operating Officer (COO), who held a US operational role previously, and who steps into his new position with immediate effect.
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Mr. Maloy has held the role of Chief Executive Officer (CEO) of NetOTC’s Americas operations for over a year, having originally joined the company back in October 2014. In this capacity he was responsible for the oversight of all NetOTC’s US operations, including its business that dealt with all non-centrally cleared derivatives in the region.
In his new role as the COO of NetOTC’s global operations, Mr. Maloy will be tasked with the overall strategy, management and development of NetOTC’s worldwide business. He will be working in tandem with NetOTC’s CEO, Roger Liddell, who will help foster the upcoming launch of the company’s bilateral platform. NetOTC is a comprehensive solutions provider of Risk Management and regulatory implementation for non-cleared over-the-counter (OTC) derivatives.
Before joining NetOTC in late 2014, Mr. Maloy worked in several senior level roles at leading financial institutions, including Credit Suisse and UBS, part of a lengthy career dating all the way back to 1996. During this time, he has held the position of Managing Director, including stints as the Global Head of Commercial Services at UBS, according to information made public on his Linkedin profile.
According to Mr. Liddell, in a recent statement on the appointment: “David brings more than thirty years of industry knowledge and will play a key role in helping us to continue to navigate the global regulatory landscape. David has already been instrumental in developing our US footprint having worked with NetOTC since 2014. We continue to work towards the full launch of NetOTC Bilateral and look forward to helping firms reduce risk and introduce a transparent market infrastructure for non-standardised OTC derivative products.”
“It is a critical time for the OTC derivatives industry and I am truly excited to be playing an important position as part of NetOTC’s drive to deliver change to the global markets. We believe that NetOTC Bilateral will form a significant part of future processes within banks as we move to the September 2016 deadline,” added Mr. Maloy in an accompanying statement.
