We released ClariNet LS into production in June 2009 and secured our first subscriber – an affiliate of a major US private bank – later that year, followed by a rapidly growing investor in mid-2010. The slowdown in alternative asset markets occasioned by the financial crisis led to some challenging times in the next couple of years, but we kept our focus and continued to add to Clarinet LS’s functionality and worked hard at promoting it at trade shows and conferences. We count several well-established investors in our subscriber base and we continue to add new subscribers and develop ClariNet LS’s “network effect” for the life settlements market. As at August 2018, investors value, trade and manage over US$30 billion in face amount of life settlements using ClariNet LS and we continue to add new subscribers to the platform on a regular basis.
In 2015, we began working on opportunities to take some of the experience we gained from ClariNet into other asset classes. One of these initiatives is our lifetime mortgage platform, ClariNet LM, which came about through discussions with the actuarial team at a major international accounting practice. ClariNet LM represents a departure from the approach we took with ClariNet LS in that it is offered as either an Excel-based desktop solution or a web-based, fully integrated valuation and risk analysis platform. We have a vision for how the lifetime mortgage market will develop as it matures and we look forward to expressing that vision through enhancements to ClariNet LM.
We operate a “virtual office”, with team members working from home. The flexibility this offers makes it easier to serve our customers, who are located across the globe from Australia to the west coast of the United States of America.
You can find more information on our team leaders below.
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Meet the team
Over two years, Mark grew Mizuho’s life settlements portfolio to over US$1.2 billion in face amount. While at Mizuho, Mark also founded the Institutional Life Markets Association (“ILMA”).
Mark joined Mizuho in 2000 with two colleagues to co-found Mizuho’s Structured Credit Products Group, which completed US$3 billion in synthetic US high yield CDOs. From 1993, Mark worked for Credit Suisse First Boston and Credit Suisse Financial Products and was based in Hong Kong, London, New York and Tokyo over this period, specializing latterly in credit derivatives and synthetic CDOs.
Mark holds a master’s degree in law from Cambridge University and qualified as a barrister in 1990. He is the co-author of “Life Settlements and Longevity Structures” (published August 2009 by Wiley Finance) and the author of “Guide to Life Settlements” (published June 2010 and commissioned for distribution to over 5,000 independent financial advisors in the UK).
Thierry was previously part of an IT start-up working on an Enterprise Mailbox Management System subsequently acquired by a market leader.
Prior to this, Thierry worked at Thomson Financial (now Thomson Reuters) for 6 years. He worked mainly on real-time and snapshot market data components and feeds as well as a major retail financial web site. He was managing the infrastructure for a high-availability high-performance enterprise data delivery network.
Thierry holds a degree in electrical and electronic engineering from Coventry University, UK, and a degree in telecoms and computer networks from Université de Savoie in Annecy, France.
Chris joined Mizuho in 2002 from Credit Suisse First Boston, where he spent time in London and New York, working in a number of quantitative research roles. During his time there, he developed complex pricing models for many different asset classes and markets, most recently working with trading and structuring desks on the modeling of securitization transactions.
Chris holds a master’s degree in software engineering from Imperial College, London.