Clear Street has appointed Atul Pawar as chief risk officer, effective July.
Based in New York, Pawar will be responsible for overseeing risk management in Clear Street’s institutional and active divisions.
The institutional division handles securities financing and lending, clearing and settlement, execution, professional clearing and custody, capital introduction and investment banking, while the active division provides active traders with products and services to improve their speed, efficiency and reliability.
Pawar has close to 20 years of industry experience, with his career to date spent at Goldman Sachs. He currently serves as a managing director and head of US prime, clearing, FCM and counterparty risk at the firm.
Prior to this he was part of the company’s strategy group, leading portfolio analytics and stress test builds.
Commenting on Pawar’s appointment, Chris Pento, CEO and co-founder of Clear Street, said: “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.”
Pawar stated: “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.”
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