NEW YORK--(BUSINESS WIRE)--Today, SOFR Academy, Inc, an economic education and market information provider, announced the appointment of Alexander J. Matturri, Jr. as Senior Advisor to the firm effective immediately. Mr. Matturri was previously Chief Executive Officer of S&P Dow Jones Indices (“S&P DJI”), a position he held from 2007 until retiring in 2020.
He led the expansion of the S&P DJI’s index business via strategic partnerships with global stock exchanges, relationships with financial institutions and asset managers, and the development of innovative indices and benchmarks that represent a range of sectors, asset classes, strategies and geographies.
Mr. Matturri, a CFA Charterholder, currently serves as a member of the Board of Directors of Cboe Global Markets, Inc. (Cboe: CBOE) and the Advisory Board of The Index Standard. Prior to joining S&P, Mr. Matturri served as Senior Vice President and Director of Global Equity Index Management at Northern Trust Global Investments from 2003 to 2007. From 2000 to 2003 he was Director and Senior Index Investment Strategist at Deutsche Asset Management. Matturri holds a B.S. degree in Finance from Lehigh University and a J.D. degree from Syracuse University.
“I am happy to be able to help SOFR Academy as it helps educate and develop products for the credit markets. As the fixed income markets adapt to the post-LIBOR world, it will be important for market participants to have appropriate tools available to manage credit risk,” said Alex Matturri.
“Under Alex’s leadership, S&P Dow Jones Indices was transformed into one of the world’s most important index providers. He brings deep industry experience successfully developing and managing financial benchmarks that are relied upon every day by market participants globally. As we continue to execute on our strategy, I have no doubt that Alex’s advice and counsel will benefit both our firm and the market participants who use the indices we help to develop,” said Marcus Burnett, Chief Executive Officer of SOFR Academy.
In 2022 Invesco Indexing LLC, an independent index provider owned by global asset manager Invesco Ltd (NYSE: IVZ), partnered with SOFR Academy to launch first-of-their-kind US-dollar Across-the-Curve Credit Spread Indices (“USD-AXI”) and US-dollar Financial Conditions Credit Spread Indices (“USD-FXI”). USD-AXI and USD-FXI do not suffer from the lack of robustness that led to the demise of Libor. These indices work in conjunction with the SOFR and address a concern communicated by a group of American banks. AXI / FXI feasibility studies have been completed for China, Europe and Japan with additional studies in progress for Brazil, India and Mexico.
About SOFR Academy
SOFR Academy is a member of the Asia Pacific Loan Market Association (APLMA), American Economic Association (AEA), the Loan Syndications and Trading Association (LSTA), the International Swaps and Derivatives Association (ISDA), the Bankers Association for Finance and Trade (BAFT) which is a wholly owned subsidiary of the American Bankers Association (ABA), the U.S. Chamber of Commerce (USCC) and Bretton Woods Committee (BWC). For more information, please visit www.SOFR.org.
Important Disclosures
SOFR Academy supports near risk-free rates such as SOFR and €STR. Over time, we also support the introduction of robustly defined across-the-curve credit spread supplements such as AXI and FXI which can be used in conjunction with risk-free rates. SOFR is published by the Federal Reserve Bank of New York (The New York Fed) and is used subject to The New York Fed Terms of Use for Select Rate Data. The New York Fed has no liability for your use of the data. Neither AXI or FXI are associated with, or endorsed or sponsored by, The New York Fed, or the Federal Reserve System.
