Rate Validation Services (“RVS”), the end-of-day benchmark rate provider for the financial markets, has appointed Kevin Milne as Global CEO. Kevin joins RVS from the London Stock Exchange Group where he was a member of the Executive Committee responsible for its Post Trade businesses and activities.
RVS is the new provider of risk management services and valuation of financial instruments to the banking community, financial organisations and corporations. The RVS Qualitative Evidential Data (RVS QED) services ensure that organisations comply with the new regulatory regime. The services cover over one million financial products that are currently traded globally.
Kevin’s appointment follows the recent hire of Alistair Sykes as Senior Manager, Client Solutions for UK and Europe and is seen as a key step in RVS’ core expansion plans, which will see the Company hire approximately 100 people in its London office over the next 12 months. Kevin will be responsible for driving the growth of the business both in commercial and operational terms.
Prior to working for the London Stock Exchange, Kevin was Chief Executive of Xtrakter, a regulator of and service provider to the Fixed Income Market and Executive Managing Director of International of Omgeo, a Thomson Corporation and DTCC joint venture, servicing clients across more than 6000 banks, brokers and fund managers in 40 countries.
RVS’ growth strategy has been developed in response to heightened regulatory requirements, which have increased demand for independent, transparent and consistent data among banks and other financial companies.
Richard Thomas, Chairman of RVS comments: “We are thrilled that Kevin is joining RVS. He brings demonstrable international experience in senior roles, dealing with the complex range of services and products which characterise our business.”
