AxiomSL promotes Joao Serodio to SFTR product manager
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AxiomSL promotes Joao Serodio to SFTR product manager 05 February 2019London Reporter: Becky Butcher
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AxiomSL has promoted Joao Serodio as product manager for the trade and transaction suite, including the Securities Financing Transaction Regulation (SFTR) solution.
Serodio takes on the expanded role as AxiomSL approached the launch of its SFTR solution, following the European Commission adoption of the SFTR regulatory technical standards on 13 December last year.
Serodio joined AxiomSL last year and has been focusing on the SFTR solution.
Ed Royan, Europe, Middle East and Africa CEO of AxiomSL, said: 鈥淲e鈥檙e quite excited to have Joao Serodio expanding his influence in the role of product manager for trade and transaction solutions.鈥�
鈥淪erodio鈥檚 experience and knowledge of trade and transaction reporting, and his specific experience with securities transactions complements that of our established team and provides strategic guidance for the addition of the SFTR component to the existing solutions.鈥�
Commenting on his expanded role, Serodio added: 鈥淎xiomSL鈥檚 focus while developing our SFTR solution was to 鈥榥urture鈥� an SFT along its lifecycle to achieve SFTR purposes for our clients.鈥�
鈥淭he solution will interface with different source systems, both at a trade level and at the confirmation and settlement levels, enriching the trade information with reference data, and ultimately defining the lifecycle event. We foresee the potential beyond the challenges of reporting SFTR trade events for getting a greater return on data investment by using the AxiomSL solutions, for example, to tackle the margin and reuse file calculations or managing the resolution of unpaired and unmatched trades.鈥�
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