Credit derivative veteran Jasper joins trading portal as advisor

Traccr, a multi-dealer credit derivative trading portal, has today announced the appointment of Thomas Jasper as a senior advisor to its board. In his new role, Jasper will primarily advise the company, which is led by chief executive officer Farooq Jaffrey, on the formal launch of its business and planned US expansion. 

Jasper is currently the managing partner of Manursing Partners and a founding partner of PremieRe Insurance. Most recently, he served as chief executive officer and a director of Primus Guaranty, a company he joined in 1999 and led over the past decade. During his tenure, Primus established the first credit derivatives product company (CDPC), expanded into asset management and became a New York Stock Exchange-listed company. At its peak, Primus managed a $24 billion credit swap portfolio and $3.7 billion in structured credit assets.

Jasper previously worked as an executive of Salomon Brothers for 17 years. He also currently serves on the boards of the Blackstone GSO Senior Loan Fund and Blackstone/GSO Long-Short Credit Income Fund. 

London-based Traccr offers a range of CDS-related services, including price discovery, news and alerts, and electronic trade execution.