Phil Cook promoted at Tonic 09 February 2024US Reporter: Lucy Carter
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Tonic has appointed Philip Cook as global head of post-trade.
In the Chicago-based role, Cook is responsible for building tailored post-trade solutions to help clients accelerate their business and commercial goals.
Cook has more than 20 years of industry experience, and has been a senior project manager at Tonic since April 2023.
Prior to this, he was a vice president for derivatives and collateral operations at investment manager PPM America and held a number of managerial and vice presidential roles at Northern Trust Hedge Fund Services.
Commenting on his appointment, Cook says: “As we move into a T+1 settlement, US Treasury clearing, needs for operational efficiency and resilience and further regulations including SEC 10c-1, there is a lot of ongoing transformational change across post-trade. I am excited to partner with our clients on value-add projects.”
Chris Watts, CEO and co-founder of Tonic, states: “Phil’s post-trade expertise across derivatives and custody is built up through years of practical, on-the-ground experience across major firms.
“We cannot wait for him to share his insights with a wider set of clients, in the Americas and globally, to accelerate their post-trade goals.”
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