Qaravan Founder Joins OTC Markets Group After Acquisition

OTC Markets Group has a new senior vice president of market data following its acquisition of Qaravan, a software, risk and analytics vendor. 

Qaravan founder Anthony Hodson joins the benchmarking data provider as it integrates Qaravan’s core assets into OTC Markets Group, namely web-based applications for peer monitoring and competitor benchmarking aimed at bankers, regulators and analysts.

Qaravan’s software includes Microsoft Excel tools and provides interactive versions of FDIC reports, plus analysis of associated regulatory data. Using a question-and-answer format, the application collects data and decision points then uses that information to create custom reports focused on key data points required by regulators. The data modules also generate reports for management, boards and regulators that include competitive intelligence, due diligence analysis, and benchmarking of industry peer groups, taking into account funding strategy, loan concentration, risk profile, and branch geography.

New York-based OTC Markets Group operates financial markets for 10,000 US and global securities. The acquisition of Qaravan provides banking data on more than 500 community banks that trade on OTC Markets, says Matt Fuchs, executive vice president of market data and strategy at OTC Markets Group, in a statement.