A group of former Wells Fargo executives have joined together to form Derivative Path, a company that will provide technology services for executing and managing over-the-counter interest rate derivative transactions.
Within the next few months, Derivative Path plans to launch a platform that allows financial institutions to track the client-hedging process from proposal to execution to ongoing trade lifecycle servicing.
The company will also offer services that include hedge structuring, trade execution, regulatory reporting and risk management.
“In an increasingly complex regulatory environment, financial institutions and their commercial end users are finding it more cumbersome to execute risk-mitigating interest rate swaps and other derivatives,” said Steve Hawk, co-founder and co-CEO of Derivative Path. “We are making available a cost-effective, outsourced solution to help these institutions continue offering such products and remain compliant with the increased regulatory demands placed on the industry.”
“We are fully committed to applying our collective experience in running successful derivative businesses and accessing other industry experts and resources as needed, to ensure our clients achieve their desired financial risk management program goals,” says Pradeep Bhatia, Derivative Path’s other co-founder and co-CEO.
Former Wells Fargo Execs Launch Derivative Path
A group of former Wells Fargo executives have joined together to form Derivative Path, a company that will provide technology services for executing and managing over-the-counter interest rate derivative transactions.
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