Daniel Prendergast
Tonbridge,Kent
Summary
Chartered Management Accountant with extensive experience in the financial services industry.
Overview
25
25
years of professional experience
Work History
Global PC Head Special Sits, Illiquids & EU Flow
Director, Barclays
London, UK
04.2017 - Current
- Senior Director leading Global Emerging Markets, Europe High Grade, High Yield, Global PAR Loans, Global Illiquids and Global Special Situations Credit Product Control teams across APAC, India, Europe and US.
- Diversity Champion and Global Finance Lead for Special Skills Career Journeys Finance. Career Circles programme which globally supports over 1000 finance colleagues across APAC, India, EMEA and US.
- Strategic Finance Lead for Transformational projects in Fixed Income Credit, including implementation of Loan IQ, Rec Factory and Workflow. All projects included extensive system architecture.
- Implemented new funding model for Barclays Credit to reduce economic funding cost by consolidating pool funding across multiple businesses and match funding for structured products.
- Implemented and lead full product control function for new Global Illiquids Business.
- Promoted to Global Head of Credit Special Situations and Par Loans Jan 2022.
- Credit lead for all financial data in preparation of Credit financial statements.
- Lead teams by overseeing hiring, training and professional growth of employees across Emerging Markets, India and new offshore hub in Glasgow.
Head of FI Credit PC HY, Loans, Distressed and MI
Barclays
Johannesburg, South Africa
08.2014 - 03.2017
- Lead three Product Control teams. Global Distressed EMEA Business, HY EU Flow, Loans, CLO and MI Reporting.
- Successfully migrated FI Credit PC teams to Chennai, London and New York.
- Leader of Barclays Africa Diversity committee.
- Streamlined workflows for IFRS 10,12,13 &14 by improving system knowledge and product understanding.
- Educated employees on traded loan products to facilitate decision-making, describing complex terms in easy-to-understand language.
- Successfully promoted numerous staff members during this period domestically and internationally.
- Awarded highest level team value awards during 2015/2016.
Head of Treasury Financial Control ICIB
Investec
Johannesburg, South Africa
01.2010 - 07.2014
- Lead 3 Financial Control teams
- Full ownership of all yearly budgets including preparation and ownership of financial statements for treasury, structured financial products and balance sheet management for Investment bank.
- IAS39 implementation for structured financial products business which resulted in reducing volatility for revenue streams and saving significant business costs.
- In charge of capital models for calculating business hurdle rates and bonus levels.
- Implementation of Business Intelligence for CIB FX Sales business, which resulted in timeous information for client concentration
- In first year at Investec was nominated to Investec leadership program for senior leaders.
- Engaged with stakeholders to build relationships and developed financial processes for Securitization Asset business and new Credit Trading Area.
Head of Collateral and FX Product Control
ABSA CAPITAL
Johannesburg, South Africa
07.2008 - 12.2009
- Managed two teams.
- Nominated to leadership program for senior managers, Slingshot'.
- Nominated to BEE strategic management team.
- Developed plans and strategies to improve and build in house collateral management system.
- Yearly budget review and financial statements preparation.
- Implementation of disaster recovery program.
Head of Treasury Middle Office
JP Morgan Chase & Co
Johannesburg, South Africa
02.2006 - 06.2008
- Promoted to Vice President and Head of Treasury GEM
- Oversaw daily operations to achieve high productivity levels.
- South Africa Emerging Markets Middle Office Lead for Global Team.
Head of Product Accounting and Control
JP Morgan
London, UK
03.2005 - 01.2006
- Lead Financial Control team with total headcount of 25 people.
- 3 areas covering Rates Hybrids, Rates Flow and Credit Hybrids. Swaps, GCCG FX and Govies.
- Promoted to Head of Product Financial Control for Interest Rates business in London.
- Part of senior management team that successfully formed new London financial control group which involved formation of three new areas and increased headcount of 15 people.
Interest Rates Swaps Associate
JP Morgan
London, UK
04.2004 - 02.2005
- Promoted to Senior Associate, nominated to Senior Associate talent program for 2005 and nominated to attend business management development program.
- Responsible for migration of 200,000 trades onto new platform.
- Successful migration of inter-entity process, futures and bonds reconciliations to Mumbai.
Financial derivatives controller, Product Accountant
JP Morgan
London, UK
06.2002 - 03.2004
- Covered London exotics, including futures, FX options.
CFO Financial Controller
JP Morgan
Johannesburg, South Africa
05.1999 - 06.2002
- Involved with merger of Chase and JP Morgan for Fixed Income Financial side.
- Promoted to Team Leader and from Professional to Associate.
- Received employment recognition awards in 2001 and 2002 for exceptional contribution and commitment to projects and to business.
Education
Chartered Management Accountant, ACMA, GCMA- attained through CIMA -
Chartered Institute of Management Accountants
London2010
Bachelor of Commerce - Financial Accounting and Economics
UNISA, University of South Africa,
Pretoria1999
International Capital Markets Qualification -
Securities Institute of London
London1999
Skills
- Team leadership
- Performance development
- Relationship Building
- Stakeholder Management
- Structured Products
- Problem Solving
- Technical Accounting
- Transformational Projects
- Process Redesign
- Product Control
- Financial Control
- Project Management
- Financial Reporting, Analysis & Accounting Standards
- Fixed Income Credit
- Treasury Services
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Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Global PC Head Special Sits, Illiquids & EU Flow
Director, Barclays
04.2017 - Current
Head of FI Credit PC HY, Loans, Distressed and MI
Barclays
08.2014 - 03.2017
Head of Treasury Financial Control ICIB
Investec
01.2010 - 07.2014
Head of Collateral and FX Product Control
ABSA CAPITAL
07.2008 - 12.2009
Head of Treasury Middle Office
JP Morgan Chase & Co
02.2006 - 06.2008
Head of Product Accounting and Control
JP Morgan
03.2005 - 01.2006
Interest Rates Swaps Associate
JP Morgan
04.2004 - 02.2005
Financial derivatives controller, Product Accountant
JP Morgan
06.2002 - 03.2004
CFO Financial Controller
JP Morgan
05.1999 - 06.2002
Chartered Management Accountant, ACMA, GCMA- attained through CIMA -
Chartered Institute of Management Accountants
Bachelor of Commerce - Financial Accounting and Economics
UNISA, University of South Africa,
International Capital Markets Qualification -
Securities Institute of London
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