LMRKTS is a financial and operational risk mitigation service provider that uses mathematical optimization to reduce counterparty, market and settlement exposures.

LMRKTS contributes to the stability of the financial system by reducing capital, balance sheet and operational costs for its clients. Since the launch of its first commercial service to reduce risk and leverage exposures in G10 currencies, LMRKTS has eliminated trillions of dollars of FX obligations between some of the world’s largest financial institutions.  LMRKTS was founded by former interest rate traders who saw an inefficiency in short term risk management and has received investment from the World Bank and Motive Partners.

Hilary Park

President

Prior to LMRKTS, Ms. Park worked as a proprietary trader at Goldman Sachs, Morgan Stanley and Credit Suisse for over 8 years. She was one of the first credit analysts for Marathon Asset Management, a fund whose assets under management grew 50 times during her 5 year tenure. Hilary graduated from Princeton University summa cum laude, Phi Beta Kappa in Theoretical Mathematics. She obtained the Wilmott Quantitative Finance Certificate in 2007.

Sandeep Karkera

CTO

Prior to joining LMRKTS, Mr. Karkera worked at Susquehanna for six years where he helped build the firm’s Program Trading System, handling large volumes of equity transactions in a low latency environment. He also designed and developed Standard and Poor’s Index Computation Engine (SPICE). He received his Masters in Finance from Temple University and a B.S. in Electronics Engineering from University of Mumbai.

Andrea Ianniello

CCO

Prior to joining LMRKTS in September 2017, Ms. Ianniello was MD, Global Head of Sales at Promontory Financial Group. She joined Promontory from the Treasury Department’s Office of Financial Research, where she served as Head of External Relations, working across industry and academia to implement the OFR’s mandate to foster financial stability and reduce systemic risk. Prior to this, Andrea worked for seven years at IBM, where she served as an associate partner in its financial markets organization. In this role, she led direct sales of consulting solutions around risk and data management. Previously, Andrea worked as a principal consultant at PW/PwC, where she advised and assisted bank in the development of infrastructure required to support underwriting, trading and distribution activities for fixed-income products. She also oversaw projects related to risk management, operations and technology. Andrea began her career at Barclays in Fixed Income Trading. She holds a B.A from Villanova University in International Business and French.

Neil Monaghan

Head of Operations

Mr. Monaghan brings over 25 years of finance industry experience to the team. Prior to joining LMRKTS, he spent seven years at CitiGroup where he held several senior positions in their Futures & OTC Clearing business; building the OTC clearing product into a global multi-asset industry leader. Prior to joining Citi Neil built and ran the Credit Intermediation business at Morgan Stanley which allowed buyside firms to seamlessly match trades across the US and Europe giving them the ability to optimize their margin posted to the prime broker. He also spent ten years at Lehman in their Fixed Income operations groups, building their Asian Rates and Credit Middle Office and developing a unique platform to allow clients to receive a consolidated view of their risk across their counterparties. Neil graduated from the University of Scranton with a BS in Finance.

Jason Roan

CAO

Prior to joining LMRKTS, Mr. Roan held multiple senior roles at UBS AG, he was a direct report to the Divisional Chief Operating Officer and worked closely with the Group Chief Technology Officer, and other senior executives to drive strategy and decisions for the bank. Jason was responsible for all financial aspects of the division, including: budget forecasting and planning, recruitment of personnel, and management reporting and analytics. He also supported the Head of IT Research and Development with planning around innovation for the firm including: business case review, tracking of financials, and tracking of benefits. Jason has a Bachelors of Business Administration from the Hankamer School of Business at Baylor University. He also holds two Masters degrees: Masters of Business Administration in Finance from Auburn University, and Masters of International Management from Portland State University.

Lucio Biase

On Sabbatical

Prior to LMRKTS, Mr. Biase began his career in emerging market counterparty credit risk at Lehman in 1999. He worked in structured products and derivatives at Credit Suisse. He moved from Local Markets Trading to manage Marathon Asset Management’s Risk Reporting, Balance Sheet and Funding. He sold half of his previous FinTech start-up to a publicly traded FinTech and the remaining balance to the lead investor a year after their initial investment. He successfully patented the construct of a Synthetic CCP.  Lucio graduated from Columbia University, as a named scholar, where he was pre-med and obtained a degree in Environmental Biology and Economics.

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