New York, NY (PRWEB) June 21, 2012
Global Clearing & Settlement Advisors (“GCSA”), a leading provider of capital solutions for the clearinghouse industry, announced today that David Munoz, Managing Director, Portfolio Manager, and Global Head of Credit Strategy for BlackRock’s Fixed Income Division and for the R3 Fund, has been appointed to the company’s board of members.
“David has exceptional macroeconomic and financial expertise, and we are delighted that he is joining GCSA’s board of members,” said Chris Cononico, GCSA’s President.
Mr. Munoz has been a Managing Director and Portfolio Manager at BlackRock since 2009 and Global Head of Credit Strategy. Mr. Munoz is also a member and co-head of macroeconomic strategy for BlackRock's Core Portfolio Strategy Group. Prior to BlackRock, Mr. Munoz was a senior investment professional within Lehman Brothers’ Global Principal Strategies (GPS) group and a senior banker in Lehman Brothers’ investment banking division. Prior to joining Lehman in 2004, Mr. Munoz was an M&A professional at Credit Suisse First Boston. Mr. Munoz graduated from Princeton University with an A.B. in economics.
“With such a breadth of experience across the financial industry, coupled with deep insights into macroeconomic policy and financial risk management, David will bring a wealth of experience to our board,” said Timothy Comiskey, GCSA’s Chief Executive Officer.
“I’m looking forward to joining GCSA’s board at such an important time for the company and for the clearinghouse industry,” said Mr. Munoz. “Unprecedented transformations in capital requirements for the financial industry coupled with a strong push by regulators towards exchange trading and centralized clearing make this an opportune time for the company’s products. GCSA’s soft capital solutions are at the center of these trends.”
Global Clearing & Settlement Advisors (“GCSA”) offers a comprehensive underwriting and risk management solution for its insurance partners, including: operational, legal, regulatory, and quantitative due diligence with strict surveillance guidelines and the capacity for frequent client and regulator interactions. GCSA is a leader in addressing the growing demand for cost effective forms of capital from financial clients and regulators.
For further information, please contact GCSA:
Christopher Cononico: ccononico(at)gcsacapital(dot)com