Yaacov Mutnikas joins Markit’s executive team

LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced the appointment of Yaacov Mutnikas as cohead of Markit’s Solutions division focusing on risk analytics, portfolio management and enterprise data management solutions. Yaacov joins the executive leadership team reporting to chief executive officer Lance Uggla.

Yaacov brings over 30 years’ experience across software engineering, systems architecture, financial engineering and advanced risk analytics. Previously he was senior advisor at the Bank of England, focused on financial networks and systemic risk. Prior to this, Yaacov worked at Bridgewater Associates and had a long tenure at Algorithmics where he held a number of concurrent roles including chief technology officer, head of financial engineering and managing director of their EMEA businesses.

Yaacov holds an MSc from the University of Reading and an MSc from King's College, London.

Yaacov Mutnikas, managing director and cohead of Solutions at Markit, said: “I am delighted to be joining Markit for its innovative, entrepreneurial culture of helping customers understand and manage risk. It is a firm that I have admired for its remarkable achievements. I look forward to working with the team to build Markit’s Solutions offering to continue to meet the needs of our customers globally.”

Lance Uggla, chief executive officer of Markit, said: “We are excited about Yaacov joining us. His deep experience in risk analytics, portfolio management and enterprise data management solutions will enhance our ability to help our customers meet regulatory requirements and better manage risk. Yaacov’s track record in creating strong, cross discipline, motivated teams that consistently drive and deliver innovation will be immensely valuable to our Solutions business.”

Notes to Editors

About Markit

Markit is a leading global provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 4,000 people in 11 countries. Markit shares are listed on Nasdaq under the symbol MRKT. For more information, please see www.markit.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150907005052/en/

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Source: Markit

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