Sunil Hirani
Sunil G. Hirani | |
---|---|
Founder & CEO trueEX Group LLC | |
Born |
Sunil G. Hirani 1966 India |
Residence | Greenwich, CT, U.S. |
Nationality | Indian-American |
Alma mater |
Washington University Kellogg Graduate School of Management |
Occupation |
Founder & CEO of trueEX Group LLC |
Known for |
Co-founder & CEO of Creditex Group, Inc. Co-founder of T-Zero Inc. |
Spouse(s) | Blanca Hirani (m. 1994) |
Children |
Camila Hirani Maya Hirani Sameer Hirani Lola Hirani |
Website | |
www.trueex.com |
Sunil Hirani is an American businessman and entrepreneur who is CEO of trueEX Group LLC, the first CFTC regulated designated contract market (DCM) for interest rate swaps (IRS).
Early life
Hirani was born in India in 1966 and moved to the United States with his parents when he was 10. He went to the High School for Engineering Professions (HSEP) in Houston, Texas. He subsequently went to Washington University in St. Louis where he received his Bachelor of Science degree. He received his MBA from the J.L. Kellogg Graduate School of Management at Northwestern University in Evanston, IL.
Career
After graduation from Washington University (St. Louis), Hirani worked at SAIC and Lockheed on the Space Station program. After graduation from Northwestern, Hirani worked at Bankers Trust in the interest rate swaps group and subsequently at Deutsche Bank in the swaps and derivatives group. He subsequently co-founded and was CEO of Creditex Group Inc., an execution platform for credit default swaps (CDS) in 1999. Creditex was on the Deloitte New York Technology Fast 50 list in 2005 as Deloitte reported Creditex revenue growth of 779% from 2001 to 2005. Hirani also created Delta Neutral Auctions, Credit Event Fixings and T-Zero Inc. a trade processing platform for the credit derivatives industry which were sold with Creditex to Intercontinental Exchange (ICE) (NYSE:ICE) in 2008 for $625 million. Crain’s New York Business named Hirani to the “40 under 40” list in 2006. One year later, he was named a recipient of the Ernst & Young Entrepreneur of the Year Award for Financial Services. Kellogg also awarded Hirani with the Master Entrepreneur of the Year in 2009. Hirani also created LoanX Inc. in 2002 which was sold to Markit Group in 2004. Hirani is also the founding investor in SeatGeek, the largest online search engine for sports, concert and theater tickets.
Philanthropy
Hirani is a founding member of the Economic Club of New York Centennial Society. He is a member of the Board of Directors of the World Lung Foundation ; the Investment Committee of the NYC Seed which funds seed stage technology ; the Traditional Arts Collection Committee of the Asia Society Museum of New York as well as the National Council at Washington University (St. Louis) School of Engineering National Council.
Personal
Hirani married Blanca in 1994. The have three children- Camila, Maya, and Sameer – and live in Greenwich, CT U.S. with their dog Lola.
Audio Links
External links
- trueEX official web site
- CFTC Said Ready to Push Interest-Rate Swaps to Trading Platforms Business Week - January 9, 2014
- TrueEX Files CFTC Application to Offer Rate-Swaps Trading Bloomberg (featured in ISDA dailyLead and DerivAlert) - October 21, 2013
- A Tale of Two SEFs: Javelin and TrueEX on Swap Trading Wall Street & Technology - October 22, 2013
- CME Agrees to Clear Credit-Swap Futures Being Designed by TrueEX - Bloomberg - July 18, 2013
- Regulators Near a Deal on Platform for Swaps - Wall Street Journal - May 9, 2013
- TABB Group Report: Swap Portfolios in Transit: Terminate, Compact, Rebalance & Back-load - TABB Group - April 25, 2013
- S&P, TrueEX Team Up on CDS Futures - Wall Street Journal - April 10, 2013
- TrueEX Takes Early Lead in Building Rate Swaps Exchange - American Banker - April 1, 2013
- Derivatives Entrepreneur to Launch Swaps Exchange
- Derivatives Need Transparency to Lure Users, Hirani Says
- CFTC designates trueEX as a contract market
- TrueEX 'Go-Ahead'
- CFTC Position Limits Rule Struck Down
- Goodbye Swap Execution Facilities?; Hello Designated Contract Markets
- A Derivatives-Trading Pioneer Looks to Launch New Venture