Stephen Laughton, the former Head of Global Interest Rate Products, joins SEDA Experts

New York, NY, August 25 , 2023 – SEDA Experts LLC, a leading expert witness firm providing world-class financial expert witness services, announced today that Stephen Laughton joined the firm as Managing Director and Expert Witness.

“Stephen has a wealth of experience in interest rate products, the calculation and settlement of benchmark interest rates, and government debt trading across multiple regions and jurisdictions,” said Peter Selman, Chairman and Managing Partner of SEDA Experts.

Stephen Laughton has more than 25 years experience in interest rate products, derivatives and government bond trading. Stephen has extensive experience in both flow and structured products spanning both developed and emerging markets, with deep expertise in derivative documentation, portfolio modelling and valuation, risk, regulation, and financial resource optimisation. Stephen has detailed understanding of interest rate construction including Libor, SOFR, Eonia, OIS and STR calculations.

Dr. Laughton most recently held a number of roles at Commerzbank in London, focused on risk and financial resources from within the front office. He led teams pricing and managing portfolio valuation adjustments, credit, capital and funding risks (together known as ‘XVAs’); conducting front-office regulatory controls and reporting; steering use of financial resources such as balance-sheet and capital; and conducting first line of defence risk processes including liaison with the second line of defence. He also led projects on topics including the impact of Brexit on derivative market structure, and mitigation of the impact of negative interest rates.

Prior to this Dr Laughton spent eight years at the Royal Bank of Scotland helping to build their Emerging Markets trading business including integration of ABN AMRO’s extensive onshore operations with various roles across trading, structuring, and second line of defence risk management. After strategic business change, this employment concluded with a spell unwinding, restructuring, and disposing of parts of the fixed income business which had been deemed non-core.

Earlier in his career, Stephen ran the interest rate structured products business at ABN AMRO, first across Asia, later globally, including a spell managing the quant team. This came after transitioning from flow-trading roles as an interest rate options trader, and initially as a Gilts trader within Salomon Brothers’ market leading European government bond franchise.

About SEDA Experts LLC

SEDA is a leading expert witness firm specializing in financial services. We support international law firms by offering the highest level of expertise across the financial industry and providing access to the most influential financial services industry leaders. We provide superior independent advice, data analytics, valuation, and elite expert reports and testimony services to law firms, regulators, and leading financial institutions.

Tags: fixed income, Portfolio Modeling and Valuation, Credit Capital and Funding Risks, Emerging Markets, structured products, Rates, Options, Exotics