Codefarm, a Brighton, UK-based technology company that provides products and services for the structured credit market, has appointed Paul Varotsis as a non-executive director.
Over the past twenty years, Varotsis has held a number of positions within the credit derivatives businesses at some of the major banks. He was head of CDOs at Barclays Capital, executive director in charge of repackaging and credit derivatives at Lehman Brothers, and head of credit and capital management EAME for Chase Manhattan Bank.
He has also been European chairman of the International Swaps and Derivatives Association (ISDA) committee that drafted the 2003 Credit Derivatives Definitions, and advised the Bank of England and other regulators to help develop a trusted credit derivative marketplace. Presently he is a partner at Reoch Credit Partners, a consultancy that specialises in credit derivatives.