Credit Trading Update
14 April 2005
Credit Derivatives Trade Processing
Jonathan Davies, Reoch Consulting
Jonathan Davies
Jonathan is a chartered accountant with 15 years experience in banking with over seven years working with credit derivatives. Prior to joining RCL Jonathan spent 9 years at PricewaterhouseCoopers where he was responsible for building up their franchise on credit derivatives.
Jonathan has run a benchmarking survey of credit derivatives in 2002 and 2003. In 2003 the survey compared the operations and business model across 15 major global credit derivative houses. Jonathan has led teams, which reviewed the current credit trading infrastructure at a number of different investment banks, as well as smaller niche players. Jonathan has been involved with market issues surrounding credit derivatives including DTCC and project RED.
Jonathan has written a number of books on credit derivatives. He wrote "The financial jungle - a guide to credit derivatives" which has a distribution of over 12,000 copies. Jonathan has also successfully designed and run training courses for banks, regulators and industry practitioners.
Reoch Consulting
Reoch Consulting is a London based consultancy focusing on credit derivatives, asset backed securities, bonds and traditional bank credit products. The business is organised into the following business units:
- Infrastructure
- Quantitative Credit Solutions
- Strategic Advisory Services
- Training
Reoch Consulting brings together a unique 5 person executive team that includes leading experts in infrastructure, trading, systems and quantitative finance to address the current issues being faced by market practitioners. In addition to the executive team there are seven full time employees.
Reoch Consulting provides services to a large number of leading investment and commercial banks, hedge funds and asset managers.
For more details, please visit www.reochconsulting.com


