CloudMargin Appoints Daniel Schwartz as CIO

Collateral and margin management products provider CloudMargin has appointed Daniel Schwartz as its first chief information officer.

Schwartz, who will be based in CloudMargin’s New York office, will be responsible for the roadmap and implementation of the platform’s product design and operations. He will also work with the product, technology, and client operations teams.

He will report to CloudMargin CEO Steve Husk.

“Since we started CloudMargin almost five years ago, our clients have had to face daunting new regulatory requirements and technology challenges. We wanted to address these challenges head-on. As a result, we have grown our client base and personnel while introducing important enhancements to our service,” Husk says. “Now is the ideal time to bring Dan on board, as he will bring a seasoned, strategic focus to our product development, technology, operations, and client service. CloudMargin has always been a first mover in the collateral management space. Dan’s breadth of experience and in-depth understanding of what our clients need will bring an important fresh perspective to our offering.”

Prior to CloudMargin, Schwartz was a managing director for NatWest Markets, helping to lead its North American infrastructure services transformation. Some of his projects included initiatives around Dodd–Frank compliance, particularly around swap execution facilities and automated fixed-income trading.

He also held technology roles at Citi and JPMorgan, and founded his own consulting firm, FST Consulting, which provided advice on financial services and technology.