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 collateral management, OTC derivatives and syndicated lending.
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 and I.T. professionals. Training programmes have been delivered in the UK, US, Denmark, Germany, Belgium, Irish Republic, The Netherlands, Switzerland, UAE, Qatar, Japan, India (four locations), Australia, Singapore, Hong Kong and Russia.
Such programs include corporate actions (fundamental and advanced), securities operations (incorporating the trade lifecycle), collateral management, credit default swaps post trade processing, variance swaps post trade processing, 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 850 training courses to investment banks, fund managers, asset managers, management consultants, central securities depositories, custodians, 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 two books:
- Securities Operations; a Guide to Trade and Position Management*, and
- Corporate Actions; a Guide to Securities Event Management**.
published by John Wiley & Sons. (Note; at the time of writing, a third book ‘Collateral Management: a Guide to Mitigating Counterparty Risk’ is in course of preparation).
Mike is a presenter of a number of topics at the annual Operations Certificate Programme run by the International Capital Market Association (ICMA). Mike’s Securities Operations book is required pre-course reading for this programme.