EXECUTIVE TEAM

  • Mark Pesonen, Chief Executive Officer
  • Thomas (Tom) Cox, Chief Operating Officer
  • Chris Foster, Founder & Head of Product
  • Neil McPherson, Head of Sales & Business Development
  • James (Jimmy) Frischling, Director & Principal
  • Jay Palmer, Director & Principal

Mark Pesonen

CEO, Munirisk LTD

Mark Pesonen is the CEO of MuniRisk Ltd. He was previously the CEO of Bloomberg Enterprise’s Products & Solutions Group.

Mark has over 35 years of experience building profitable businesses by cultivating highly talented Information Technology teams.

In 2008, at the invitation of Bloomberg co-founder Tom Secunda, Mark joined Bloomberg LP to oversee the launch of its new Enterprise Products & Solutions Group. Under his leadership, EP&S grew to position Bloomberg as a significant new player in the cloud-based, managed services arena, releasing products such as its rapidly growing Application Portal.

Mark’s previous management experience includes:

  • Principal and CIO for the Fixed Income Division of Donaldson, Lufkin & Jenrette Securities Corporation
  • Founding Partner and SVP in Technology Solutions Company's, a technology integration services provider that was taken public by Goldman Sachs in 1991
  • CEO at Panther Express Corp., a VC-funded technology startup providing content delivery services

His independent consulting experience includes:

  • Multiple players within the New York financial community, including Citigroup, Bankers Trust, and Fidelity Investments
  • The reorganization of DoubleClick’s technology and operations functions

Mark holds a degree in Computer Science from SUNY and studied Computer Application & Information Systems at NYU.

 

Thomas (Tom) Cox

COO, Munirisk LTD 

Tom Cox is the COO of MuniRisk Ltd. He also serves as COO and CTO of Teknavo, a technology provider to the financial services sector. Tom was previously CIO of Global Fixed Income at Credit Suisse.

Tom has over 30 years of experience developing and implementing technology solutions for the financial services industry, including research, investment banking, retail banking and the commodities markets.

Tom joined Credit Suisse in 2001 post its merger with Donaldson, Lufkin & Jenrette Securities Corporation (DLJ) where he was the co-head of Fixed Income Technology. As CIO, Tom was responsible for strategic planning, application development, deployment and infrastructure for a global staff of 2,000 people. While at Credit Suisse, he also led the development of mortgage technology platforms for residential and commercial real estate globally, as well as across origination, trading, risk management. His past work for the financial services firm also includes the reengineering of high yield trading technology.

Tom is a graduate of Pace University holding a B.B.A. in Management Information Systems.

 

Chris Foster

Founder & HEad of Product, MuniRisk™

Chris Foster is the Founder and Head of Product for MuniRisk™. He was previously a portfolio manager at Wachovia Bank N.A. before its 2008 acquisition by Wells Fargo and the head of the Municipal Credit practice area at NewOak Capital.

Chris has over 15 years’ experience within high yield debt, public finance and complex asset-based credit products. Leveraging his work as a market practitioner, Chris led a team of analysts to design MuniRisk™, a credit tool originally developed in-house for client-facing municipal portfolio evaluation.

Prior to MuniRisk™, Chris was a senior credit analyst at Brencourt Advisors and at the Clinton Group, where he specialized in hybrid corporate/asset crossovers, including global financials and credit sensitive corporate and public finance.

Chris brings direct portfolio management experience to MuniRisk™ users as a former PM in the institutional asset management division of Wachovia Bank N.A. There, he managed over $6.5 billion of multi-sector assets across several long and short market strategies and funds.

A fixed income expert, Chris provides market commentary for a variety of media outlets, with insights appearing in such publications as The Bond Buyer, Barron’s, Bloomberg, Reuters and EuroMoney.

Before he began his career on Wall Street, Chris worked for the NYC Office of the Mayor and was educated in the sciences at the University of Tennessee and Columbia University.

 

Neil McPherson

Head of Sales & Business development, MuniRisk™

Neil is the Head of Sales & Business Development for MuniRisk™.   

Neil has over 20 years of experience building and growing client bases for complex data and analytics products across the financial services industry.

Prior to joining MuniRisk™, Neil was director of sales for mortgage data platform Weiss Analytics. He held similar business development roles at then Interactive Data Corporation (acquired by Intercontinental Exchange in 2015) and NewOak Capital’s Litigation Consulting practice area.

Neil’s earlier work experience leveraged his background in structured finance. As a managing director at Markit, he co-headed the index licensing and data businesses for cash and synthetic indices. Prior to Markit, Neil ran the fixed income syndicate desk at ABN AMRO and was a managing director at Credit Suisse where he led the ABS and CDO research teams.

Neil holds a B.S. in Systems Engineering from the University of Virginia.

 

James (Jimmy) Frischling

Director & Principal, MuniRisk LTD

Jimmy Frischling is a Director and Principal of MuniRisk Ltd. He is also the President and Co-Founder of consulting firm NewOak Capital.

Jimmy has 27 years of experience in financial services, particularly within capital markets. An expert in complex financial instruments (e.g., structured products such as CDOs, CLOs, RMBS and ABS), Jimmy has testified in matters relating to market practices and participants, investment guidelines, suitability, portfolio and collateral construction, liquidations and auctions, structural features, representations and best practices. He has also led teams on large investigatory assignments.

Prior to NewOak, Jimmy was an executive at Fortis Securities and served as Head of U.S. Structured Credit where he oversaw more than $5 billion in structured assets. He appears regularly as a market commentator on the Fox Business Network and various other media outlets.

Jimmy holds a B.A. from Wesleyan University and an M.B.A. from Columbia Business School.

 

Jay Palmer

Director & Principal, MuniRisk LTD

Jay Palmer is a Director and Principal of MuniRisk Ltd.  He is also the Founder and CEO of Teknavo, a technology service and product provider to the financial services sector. 

Jay has over 15 years of experience in delivering front office technology solutions to the global investment community, including firms such as Merrill Lynch, Credit Suisse and Deutsche Bank. Based on extensive research into client needs, Jay has pioneered the Teknavo approach, designed entirely around the client organization.

He also brings expertise in recruitment and retention drawing from his background in building one of London's most successful technology recruitment consulting companies that also specializes in the financial services market.

Jay enjoys long established relationships with many of the leading Chief Technology Officers in the financial services industry who look to him to advise and deliver on their technology strategies. Jay is known for his energetic leadership style and his total commitment to client service.