Data, portfolio valuations and OTC derivatives trade processing vendor Markit has appointed ex-Deutsche Bank credit products specialist Marcus Schüler as managing director of sales and marketing.
Schüler will be based in London and will be responsible for Markit’s relationships with regulators, central banks, trade associations and accounting firms, across the vendor’s complete range of products and services, as well as geographic regions.
He will report to Shane Akeroyd and Mike Rushmore, global co-heads of sales and marketing.
Schüler was managing director and head of integrated credit marketing at Deutsche Bank in Europe for nearly four years, during which time he led marketing and product development for flow and lightly structured credit products.
Prior to Deutsche Bank, Schüler was responsible for credit derivative marketing at JPMorgan where he was involved in the creation of the benchmark iTraxx credit derivative indices, which is now owned by Markit.
Schüler’s new bosses, Akeroyd and Rushmore, have said they are hopeful that his capital markets knowledge will be of benefit to the vendor as it consolidates its relationships with regulators and industry bodies.