Michael (Mike) Simmons is a specialist in the field of financial services operations. Mike has been involved with the capital markets and operations throughout his career, focusing originally upon securities operations and more recently on securities financing (repos and securities lending), collateral management, corporate actions and OTC derivatives (including mandatory central clearing under EMIR).
During his career within stockbroking firms and within a major international investment bank (S.G. Warburg and Warburg Securities), Mike gained hands-on experience of and day-to-day management responsibility for many operational areas (including debt, money markets and equity), and for various operations functions across both domestic and international markets.
Running concurrently with Mike’s interests in training, he has spent a number of years as a senior business analyst, involving the assessment of business requirements of asset managers, investment banks and retail banks in the UK, US and mainland Europe. He has also been involved with the offshoring of operations functions to India, and the assessment of risk in operations and the implementation of controls (re the Sarbanes Oxley act) for a major European investment bank.
Since 1995, he has been writing and delivering training programs to audiences of mixed vocation and experience, including operations staff, front-office personnel, compliance and risk officers, legal personnel, consultants and I.T. professionals. Training programmes have been delivered in the UK, US, Austria, Belgium, Denmark, Germany, Hungary, Irish Republic, Italy, Luxembourg, The Netherlands, Russia, Slovakia, Spain, Switzerland, Kuwait, Qatar, Saudi Arabia, UAE, Australia, Brunei, China, Hong Kong, India (four locations), Ivory Coast, Japan, Malaysia, Singapore, The Philippines and Tunisia.
Such programs include securities operations (incorporating the trade lifecycle), repos and related collateral, securities lending & borrowing and related collateral, corporate actions (fundamental and advanced), derivative operations (exchange-traded derivatives, OTC derivatives (including CDS & IRS) and related collateral) and related central clearing, loan syndication (primary & secondary markets), clearing & settlement, fails & fails management, end-to-end process flow, risks & controls in operations, operations involvement in projects, asset management operations and investment banking operations.
Mike has delivered over 1400 training courses to investment banks, fund managers, asset managers, central banks, sovereign wealth funds, supranational organisations, management consultants, central securities depositories, custodians, central counterparties, software companies and data vendors. A particular feature of Mike’s courses is the emphasis placed on risks within operations, and the associated controls.
Mike is the author of three books:
- Securities Operations; a Guide to Trade and Position Management
- Corporate Actions; a Guide to Securities Event Management
- Collateral Management; a Guide to Mitigating Counterparty Risk