"Action is the functional key to all success" Pablo Picasso
Donna Bales - Chairman

Donna Bales Donna Bales has over 20 years of capital market experience most recently working with both emerging and established market participants as they prepare for the implementation of OTC Derivative reforms around the world.

Donna is the Founder and Managing Partner of Balmoral Advisory Group, a boutique advisory firm that provides comprehensive market research intelligence and practical advice and assistance on product delivery to capital market participants. Donna has a proven track record working with industry regulators, multiple stakeholders and banking consortia across three continents and she frequently produces white papers and tailored reports on current industry trends such as technology innovation, electronic trading, regulatory change, market structure and competition.

Prior to establishing Balmoral Advisory, Donna led the product development of several key market transformation initiatives. In 2001, after a successful career in sales, Donna spearheaded the development and implementation of a leading edge business and distribution strategy for TD Securities Global Fixed Income E-commerce solutions. She led the initiative that resulted in a complete overhaul of the trading system architecture including the introduction of a new pricing engine and a real-time risk management system.

Donna joined Markit in 2007 during a time of significant change in European market structure as new regulations on market transparency and competition were introduced through MiFID. Markit BOAT and Markit MSA were industry- led initiatives that were developed in response to MiFID. Donna led the project teams that developed and implemented these products and managed the on-going relationships with business stakeholders, new client development and market data vendor management.

In 2009, Donna moved to Singapore where she directed the product development of chi- east. Her efforts led to the obtainment of regulatory approval of the first multi-regional dark pool in Asia and the introduction of the first CCP solution in the region.

Originally from Canada, Donna holds a Bachelor's degree in Economics from the University of Western Ontario.
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