Capital markets consultancy Tonic has hired Ron Kaim as consultant and business analyst.
Based in London, Kaim brings almost 20 years of experience in securities finance to the role.
He joins the firm from S&P Global, where he was previously senior business analyst for the Securities Financing Transactions Regulation (SFTR) in the securities finance team.
In this role, Kaim managed the connectivity between S&P Global — formerly IHS Markit — and trade repositories following the development of a reporting solution for SFTR.
Prior to this, Kaim held a number of business analyst positions in securities financing at Standard Chartered Bank, State Street, Lloyds Banking Group and ABN AMRO Bank N.V.
Commenting on the appointment, CEO and co-founder of Tonic Chris Watts says: “We are excited to bring Ron into Tonic. He is a genuine industry practitioner with deep transformation and domain expertise, whose experience aligns well with Tonic’s service model.
“Ron’s specialism across repo and securities lending products further enhances Tonic's securities finance expertise pool. This comes at a time when we are seeing high demand for Tonic's securities finance services, such as regulatory compliance transformation, vendor assessments and implementations, target operating model definition and more.
“Both us and our clients look forward to Ron becoming a key part of the Tonic team.”
