CloudMargin, a cloud-based collateral and margin management solution provider, has appointed Helen Nicol from VERMEG to the role of senior vice president, head of product.
Based in London, Nicol will be responsible for CloudMargin’s benchmark product.
Now a member of the CloudMargin leadership team, Nicol reports to Stuart Connolly, CloudMargin’s CEO.
Nicol has more than 20 years of experience in collateral management, financial markets and law, including senior positions at two global banks.
Nicol joins CloudMargin after serving for more than 14 years as global product director for Lombard Risk, which was acquired by VERMEG in 2018.
In that role, she was responsible for the firm’s collateral management, clearing and optimisation solution, managing teams in London, Singapore and New York.
Commenting on Nicol’s appointment, Connolly says: “Her deep experience and expertise in collateral management – both as a service provider and a sell-side market participant – make her ideally suited to lead our product team and bring us to the next level as we continue to grow and enhance our offering.
“We are also very fortunate to add another strong woman with extensive management skills to our executive team, and we recognise that diversity in our organisation and managers make our company ever stronger.”
Nicol says: “I am delighted to be joining CloudMargin at such an exciting time in the financial technology industry.
"CloudMargin has laid the foundation to enable standardisation of data parameters, creation of efficiencies through configurable workflows and enhanced connectivity to the market across all sectors, and I am looking forward to working with the team on the expansion of the CloudMargin product suite.”
Prior to joining Lombard Risk in 2006, Nicol held several banking roles at both UBS and then Credit Suisse in London.
In her ultimate role, she was responsible for new business and derivative legal agreements, including day-to-day management of the bank’s over-the-counter, repo and foreign exchange collateral legal agreements.
