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DEREK J. [email protected]
OBJECTIVE:
DIRECT CONTRIBUTOR partnering with an investment management
company or banking institution to meet targets and increase
results, on a permanent or contractual basis.
SUMMARY:
Versatile INVESTMENT MANAGEMENT PROFESSIONAL with leadership
experiences in algorithmic trading, settlements, corporate
accounting, and asset management administration. Accomplished
background leading U.S. trading desk, working with globalclients,
and running day-to-day operations. Compliance-minded professional
initiating best-execution practices consistent with regulatory
guidelines. Key strengths include planning and execution.
Competencies include:
*Algorithmic Trading*Pre-Trade Analytics*Transaction
Analysis
*Administration/Operations*Policy/Protocol Development*Process
Re-engineering
PROFESSIONAL EXPERIENCE:
1991 - 2009
DnB NOR ASSET MANAGEMENT(US), INC., New York, NY
Head, North American Equity Trader/Vice President (1998 to
2009)
Innovative and analytical trader utilizing algorithmic trading
methodologies tocontrol capacity, strengthen performance, and
manage impact costs. Implemented investment decisions in line with
company dealing procedures, benchmark selection, and best-execution
practices, while contributing to development and progress of global
dealing desk. Head U.S. trader for highly ranked Carlson/DnB NOR
Renewable Energy Fund in Europe.
*Achieved significant productivity enhancements, increased
performance, and greater execution speed by revamping trading desk
to automate and streamline manualfunctions.
*Developed DnB NOR's first OMS in NY with external programmers
establishing system import/export linkages of order and trade data,
centralized order book, and p
ush-bottom end of day reports. Increased volume capacity and
reduced trading errors, with no addition to staff.
*Eliminated system redundancies and reduced operational risk by
migrating to global trading platform. Managed successful NY
implementation to Fidessa's Minervaglobal order management system,
working with transition team to evaluate functionality, plan
integration, test processes, and train staff.
*Reduced commission costs and boosted trading performance by
spearheading use ofalgorithmic trading strategies to meet global
demands from clients and portfoli
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o managers. *
*Contributed to TradeTech's Award for Use of Advanced Trading
Tools in 2006 and2007 for global dealing desk.Conceived trading
strategy geared to reduce slippage and capture alpha.
Securedcustomization arrangement with top-tier technology broker.
Achieved proprietarydevelopment with no capital outlay.
*Strengthened relations with global portfolio teams following
two mergers by wayof greater communication and new media venues IB
Chat, AIM, and Blackberry to ensure fluid dialogue and dynamic
interaction in realtime.
*Achieved trust and credibility. Selected to work in Stockholm
and Hong Kong sharing expertise, knowledge and protocols.
DnB NOR ASSET MANAGEMENT(US), INC., New York, NY (Continued)
Head of Administration (2001 to 2005)
Peak-performer overseeing day-to-day operations of New York
office encompassingBusiness Support, Corporate Accounting, and IT,
while continuing concurrently asHead Equity Trader.
*Accomplished all operational goals within budgeted targets,
including office relocation and SEC approved disaster recovery
plan.
*Devised multiple project team structure, geared to enhance
productivity with reduced staff.
*Created staff synergies by cross-utilizing individual skillsets
and competencies, including setting operational targets, action
plans and regular review meetings to achieve management goals.
*Increased production and commitment to quality by encouraging
greater employeeparticipation.
*As global liaison, identified critical technical issues and
recommended improvements in IT infrastructure to improve reporting
deadlines.
*Achieved team effectiveness by demonstrating and encouraging
openness and honesty among staff, increasing communication and
productivity.
Manager of Client Account Administration (1995 to 2001)
Managed all operational and reporting functions related to
client account administration, including account administrators,
production schedules, and $600,000 technology budget. Interfaced
with clients, portfolio managers, and controller with routine
reporting and operational demands.
*Analyzed and reviewed all backoffice functions and reports.
Identified bottlenecks and duplication. Developed and implemented
system solution with outside consultants to automate manual
reporting and work routines, eliminated redundanciesin data
handling, and improved first-time accuracy. Trades grew more than
400%in six years with no addition to staff.
*Selected as member of global High Potentials
management-training program leading to increased leadership
responsibility in 2001.
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Cash Manager (1992 to 1998)
Actively managed excess cash from investment portfolios and
short-term capital of insurance clients by investing in money
markets to beat predetermined benchmarks.
Account Representative (1991 to 1992)
TECHNICAL/COMPUTER SKILLS:Bloomberg, Fidessa Minerva OMS, and
various broker algorithmic trading strategies ("Algos").
EDUCATION:PACE UNIVERSITY, Lubin School of Business; Management
Information Systems.
