• January 17, 2021

FINCAD Announces Mark D’Arcy as President and Chief Executive Officer - Odessa American: Business

e-Edition Subscribe

FINCAD Announces Mark D’Arcy as President and Chief Executive Officer

Font Size:
Default font size
Larger font size

Posted: Tuesday, January 12, 2021 8:01 am

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan 12, 2021--

FINCAD, a pioneer in providing pricing, modeling and risk analytics, today announced the appointment of finance risk management veteran, Mark D’Arcy, as President and Chief Executive Officer. D’Arcy previously served in the same position in an interim capacity.

“Mark is the right person to lead FINCAD as we embark on an exciting year of product enhancements that extend our reach into the cloud,'' said Geoffrey Fite, Chairman of the Board. “Mark brings decades of expertise working for some of the largest global financial institutions in risk management and a lengthy leadership track record. He has exactly what it will take to build on FINCAD’s legacy and drive new innovation in how we serve customers and expand to new markets.”

Increased regulatory pressure on financial institutions following the 2008 crisis has necessitated the need for precise, transparent, and scalable solutions for pricing derivatives and fixed-income products. The termination of the Libor interest rate benchmark at the end of 2021 makes that need much more acute. FINCAD’s best-of-breed technologies optimize risk and return through simplified and direct control over the valuation and analytics of derivatives, with the widest range of instrument capabilities on the market.

“I am thrilled to be joining FINCAD in a permanent capacity at such a pivotal time,” D’Arcy said. “Leading risk management functions at a number of large international financial institutions has taught me managing risk well is a competitive advantage. I am excited to bring this ethos and industry knowledge, shaping the next chapter of FINCAD and helping our customers manage and take risk with confidence.”

Prior to joining FINCAD, D’Arcy served as Executive Vice President, Risk Management at Wells Fargo. He was previously Senior Vice President, Enterprise Risk Management at State Street and Vice President at Goldman Sachs.


Backed by more than 30 years of experience, FINCAD is a pioneer in providing pricing, modeling and risk analytics to financial institutions such as asset management firms, banks, insurance companies, hedge funds as well as corporate treasury departments. From the most basic to the bespoke, FINCAD has the financial engineering expertise to address any derivative challenge. FINCAD empowers global organizations to optimize risk and return through simplified and direct control over the valuation and analytics of derivatives. With the most precise, transparent and scalable technologies for pricing derivatives and fixed-income products, FINCAD’s highly dedicated customer support team goes above and beyond to help customers achieve their goals. FINCAD is headquartered in Vancouver, Canada. For more information, visit www.fincad.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210112005642/en/

CONTACT: Media Contact:

Michael Diamond

Corporate Communications, FINCAD





Copyright Business Wire 2021.

PUB: 01/12/2021 09:00 AM/DISC: 01/12/2021 09:01 AM


© 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Humidity: 38%
Winds: E at 9mph
Feels Like: 43°

Your Extended Forecast


High 59°/Low 36°
Clear. Lows overnight in the mid 30s.


High 68°/Low 36°
Abundant sunshine. Highs in the upper 60s and lows in the mid 30s.


High 44°/Low 36°
Cloudy. Highs in the mid 40s and lows in the mid 30s.


High 51°/Low 42°
Morning showers. Highs in the low 50s and lows in the low 40s.
Online Features

Pet Central


Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>



Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>



Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>



Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>

  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.