SunGard Trading and Risk Systems has appointed Michael Clarke as senior vice president and Michael DeMaise as vice president, product development of the company's collateral and energy operating units, respectively.
Clarke is a founder and current co-chair of the Collateral Committee of the International Swaps and Derivatives Association (ISDA). He was most recently the group vice president of Cygnifi Derivatives Services, where he was responsible for the company's collateral management online service. Clarke has also held senior positions with JP Morgan.
DeMaise joins SunGard from Enron Broadband Services, where he was director, European network engineering and operations. Previously, he worked for the National Aeronautics and Space Administration at the Johnson Space Center in Houston, Texas.