World Class Post-Trade Services

DCCD

DCCD Management Team

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Mr. Patrick Kong

Position: Senior Vice President of Post Trade Strategy


Brief: Patrick started his career in Dubai with Borse Dubai Limited responsible for post trade market infrastructure development.

Biography:

He was later transferred to Dubai Financial Market(DFM) advising DFM on post-trade and CSD-related matters including on the structure of the current DFM post trade subsidiaries. Prior to Dubai, he was the acting head of Exchange Operations and head of Clearing & Settlement Operations at Bursa Malaysia for its equities, derivatives, offshore market & bond market. 

His experience with Bursa Malaysia include working with regional exchanges in Singapore and Hong Kong, and with the Malaysian securities regulator to ensure that Malaysia’s clearing & settlement infrastructure fully complies with the IOSCO’s assessment on Principle 30 based on the Recommendations for Securities Settlement Systems then. He also spent time as a regulator in supervision of markets where he was directly responsible for implementing Capital Adequacy Requirements for brokers and investor protection rules post the 1997 Asian financial crisis as part of the exchange’s enhancements of its front-line regulatory organization responsibilities. He oversaw the government’s policy decision to implement a mandatory segregated account regime and to ban short-selling during the financial crisis, and the subsequent re-introduction of regulated short-selling together with securities lending and borrowing 10 years later.

He was also a member of the pioneer team that implemented a depository system and the conversion of a scrip-based trading environment into a scripless dematerialized system.  He worked on various other projects including the ASEAN trading link project during its start-up, Bursa Malaysia’s joint-venture with the Chicago Mercantile Exchange for the derivatives market and co-designed the operational framework for Bursa Suk Al-Sila, the world’s first successful web-based electronic commodity Murabaha trading platform.

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Mr. Navin Dsouza

Position: Senior Vice President of Post Trade Support


Brief: Navin joined Dubai Financial Markets (DFM)in 2018 as part of the Post Trade Operations Team and was responsible for overseeing the operational processes for Post Trade Services.

Biography:

Navin was appointed as Vice President for Post Trade Support for DCCD in April 2020, as a result of Dubai Financial Market restructuring and segregating the post trade activities and the launch of the CCP.

Navin has a Certified Financial Analyst (CFA) degree from the CFA Institute and Master degree in Finance from University of Mumbai. In addition, Navin has also obtained the Chartered Accountant degree from The Institute of Chartered Accountants of India.

Navin began his career with Deutsche Bank in Global Cash Operations department and was part of the Corporate Cash Management team. This was followed with spending couple of years working with National Stock Exchange (NSE) of India as part of Operations and Development team which was responsible for enhancing and implementing new processes in line with regulatory and business requirements across the Cash Equity and Derivatives Market. Prior to joining DFM, he was working as Director Operations for Dubai Gold and Commodities Exchange (DGCX) for over 10 years and was responsible for both Trading and Post Trade Operations. During his tenure with DGCX, he over saw the entire operations for the Exchange and the CCP including implementation of new products and services and managing various stakeholders like Members, Settlement Banks, Vaults, Warehouses and Regulators.  He was a key member of the project team responsible for obtaining the ESMA CCP recognition for DGCX CCP under EMIR framework and complete enhancement and migration of the Exchange and CCP platform in 2013.

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