Tri-party repo veteran and GC Legend Godfried De Vidts has been appointed regulatory affairs advisor at fixed income and derivatives electronic trading firm TransFICC.
De Vidts is a recognised expert on European financial and political issues and has served in senior positions in the industry since 1972, most recently as director of European Affairs for NEX Group until his departure in October.
Before joining NEX Group, De Vidts spent nearly 20 years at Fortis bank in a number of senior roles leading its global liquidity and collateral management business. De Vidts was included into the GC Hall of Fame in 2013 for his work on the front-line of the repo market.
He has also been a member of various official working groups including the ECB Contact Group on Euro Securities Infrastructures (Cogesi); the ECB Macroprudential Policies and Financial Stability Contact Group (MFCG); and the ESMA Secondary Markets Standing Committee Consultative Working Group.
“Financial markets are evolving rapidly, driven by market fragmentation and changes to regulation, De Vidts commented. “Many market changes begin in European and it is vital that firms fully understand these drivers and develop their securities accordingly. Joining TransFICC as regulatory affairs advisor was a straightforward decision for me, as it offers clients new and innovative technology for the changing fixed income market.”
De Vidts added that the fixed income market needs a scalable connectivity solution, with more than 130 bond trading platforms already available globally and MiFID II causing a surge in electronic trading.