Clear Street Names Atul Pawar to Chief Risk Officer
26 Junio 2024 - 7:08AM
Business Wire
Industry Veteran to Join the Company Next Month
Clear Street (“Clear Street”, “the Company”), a diversified
financial services firm, has appointed Atul Pawar as Chief Risk
Officer (“CRO”). Pawar will join Clear Street in July, following
two decades at Goldman Sachs where he was the Head of U.S. Prime,
Clearing, FCM and Counterparty Risk.
“We are very pleased to welcome Atul to Clear Street’s
leadership team,” said Chris Pento, CEO and Co-Founder of Clear
Street. “Risk management is the most important part of our value
proposition and was the crux of why we founded this business six
years ago. The financial industry still operates on infrastructure
built in the 1970s, which can lead to costly errors, reduced profit
margins and unattractive risk profiles. Atul’s proven experience
and veteran status at a premier competitor speaks to our increasing
presence and forward growth trajectory in the industry. We're
excited to welcome him to our world-class team as we continue to
bring our clients compelling and tech-forward products and
services.”
As Chief Risk Officer, Pawar will oversee Clear Street’s risk
management firmwide, across Institutional and Active divisions. In
the Company’s Institutional business, Clear Street provides
securities financing and lending, clearing and settlement,
execution, professional clearing and custody, capital introduction
and investment banking. Clear Street’s Active division provides
active traders a suite of products and services designed for speed,
efficiency and reliability.
Ahead of joining Clear Street as Chief Risk Officer next month,
Pawar commented, "Clear Street is challenging the status-quo by
building a modern, cutting-edge, centralized technology platform
unlike any other available on the street. I look forward to
contributing to the Company's expansion plans and continued
success.”
During his tenure at Goldman Sachs, Pawar focused on Prime
Brokerage, Execution and Clearing and Futures Commission Merchant
(FCM) under Global Banking and Markets division where he oversaw
market and liquidity risk in portfolios across various asset
classes, such as equity, commodities, fixed income credit, rates
and foreign exchange. Prior to managing the risk team, Pawar was a
member of Goldman Sachs’ Strategies group, where he led the effort
of building portfolio analytics and stress tests. Pawar holds a
Master of Science degree in Computational Finance from Carnegie
Mellon University, and a Masters degree in Computer Science from
Binghamton University.
About Clear Street
Clear Street is modernizing the brokerage ecosystem. Founded in
2018, Clear Street is a diversified financial services firm
replacing the legacy infrastructure used across capital markets.
The firm started from scratch by building a completely cloud-native
clearing and custody system designed for today’s complex, global
market. In December 2023, Clear Street received a third tranche of
Series B funding from Prysm Capital, increasing its Series B to
$685 million, and the firm’s valuation to $2.1 billion.
Clear Street’s proprietary platform adds significant efficiency
to the market while focusing on minimizing risk, redundancy and
cost for clients. Clear Street’s goal is to create a single
platform for every asset class, in every country, and in any
currency. For more information, visit https://clearstreet.io.
Clear Street does not provide investment, legal, regulatory,
tax, or compliance advice. Consult professionals in these fields to
address your specific circumstances. These materials are: (i)
solely an overview of Clear Street’s products and services; (ii)
provided for informational purposes only; and (iii) subject to
change without notice or obligation to replace any information
contained therein.
Products and services are offered by Clear Street LLC as a
Broker Dealer member FINRA and SIPC and a Futures Commission
Merchant registered with the CFTC and member of NFA. Additional
information about Clear Street is available on FINRA BrokerCheck,
including its Customer Relationship Summary and NFA BASIC | NFA
(futures.org).
Copyright © 2024 Clear Street LLC. All rights reserved. Clear
Street and the Shield Logo are Registered Trademarks of Clear
Street LLC
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version on businesswire.com: https://www.businesswire.com/news/home/20240626330808/en/
Ashley DeSimone press@clearstreet.io or SEC
Newgate ClearStreet@SECNewgate.co.uk