Michael Praveen Muthurajah, founder of MD Market Insights
MDM EST · MMXXIV
FOUNDER & PRINCIPAL

Michael PraveenMuthurajah

CAPITAL MARKETS BUSINESS ANALYST & TRANSFORMATION LEAD

Fourteen years inside the world's leading financial institutions — translating the way trading floors truly work into delivered technology, risk, and regulatory programs. An aerospace engineer who found his calling in the architecture of markets.

14
YEARS IN
CAPITAL MARKETS
20+
GLOBAL
INSTITUTIONS
Columbia
FINANCIAL ENGINEERING
& RISK MANAGEMENT
F2B
FRONT-TO-BACK
EXPERTISE
I.
THE STORY

From aerospace systems
to market systems

Michael trained as an aerospace engineer at Toronto Metropolitan University, where he learned to take impossibly complex systems and break them into parts that could be understood, tested, and improved. That same instinct — for structure beneath complexity — is what he brought to capital markets, and it has defined his career ever since.

Over fourteen years, he has worked inside many of the world's leading financial institutions — from global investment banks and Canada's largest banks to a major pension plan and a global consultancy — leading business analysis and transformation on the programs that quietly run the industry: front-to-back platform migrations, trade-lifecycle builds, risk and data-governance initiatives, and regulatory reporting across jurisdictions.

Capital markets technology programs don't fail on the technology. They fail on the business analysis — when the people writing the requirements don't truly understand the trade floor.
— MICHAEL PRAVEEN MUTHURAJAH

It was that pattern, seen again and again, that led Michael to found MD Market Insights — to raise the standard of capital markets business analysis, and to build the institution that supports a professional's entire journey: learning the discipline, landing the role, doing the work, and building what comes next.

FAITH & SERVICE

Beyond the markets, Michael is a devout Catholic. He serves as a Third Degree Knight in the Knights of Columbus and as a legionary of the Legion of Mary — a life of charity, unity, and service that grounds everything the work stands for.

KNIGHTS OF COLUMBUS · THIRD DEGREE ↗ LEGION OF MARY · LEGIONARY ↗
CURRENTLY

Senior Project Manager & Transformation Lead — Hedge Fund Transition

Leading PMO, business analysis, and transition execution for a global investment bank's hedge-fund platform transition — a complex, multi-workstream transformation spanning front-office trading, OMS/EMS workflows, market data, risk, treasury, and target-operating-model design.

/ 02THE COMPLETE JOURNEY · 2010 — PRESENT

A career across the institutions
that move markets

2026 — Present
Sr. Project Manager / Transformation Lead
CANTOR FITZGERALD SECURITIES — NEW YORK

O'Connor hedge-fund platform transition — PMO, OMS/EMS, market data, risk & treasury, target operating model.

2025 — Present
Sr. Capital Markets & Wealth Advisory Consultant
MD MARKET INSIGHTS — NEW YORK

Strategic advisory for institutions, wealth advisors & capital-market players — AUM growth strategies, compliance, trade-lifecycle systems.

2024 — Present
Quant / Quantitative Engineer — Rates Exotics
MD MARKET INSIGHTS — TORONTO

Multi-factor term-structure models (LMM, Cheyette/HJM), callable rate exotics, front-office math-finance library, Greeks & P&L explain.

2025 — Present
Featured Speaker & Contributing Author
IIBA — TORONTO

Capital markets & business analysis — featured speaker and contributor to IIBA publications.

2024 — Present
Senior Business Architect — AI Investment Mgmt
KAPTUREX — TORONTO

Front, middle & back office teams — capital-market business solutions.

2025 — 2026
Sr. Business Solution Architect / Assoc. PM
TD SECURITIES

Finance & Risk Platform (FRP) — historical data initiative, CAD retail RESL on OFSAA.

2024 — 2025
Sr. Front Office FX Product Owner / BA
NORTHERN TRUST — CHICAGO

Murex stability & operating-model program (Phoenix) — the FX desk, front to back.

2024
Sr. Business Data Solution Architect — TCR
IGM FINANCIAL INC.

Total Cost Reporting initiative — planning phase.

2024
Senior Business Architect
DELOITTE

Financial-reporting solution assessment for Omnia & Levvia — CaseWare, Workiva, value-stream mapping.

2023
Senior Business Analyst
SCOTIABANK — GLOBAL BANKING & MARKETS

Data governance & data quality for SCI trade data.

2021 — 2023
Senior Business Analyst
TD SECURITIES

Large Exposure Program · OSFI quarterly leveraged-finance reporting across three LOBs · DBOR data governance.

2020 — 2023
Senior Business Analyst / Architect
BMO FINANCIAL GROUP

Enterprise AML — FINTRAC STR reporting, new Schedule 2 & 3, simplified KYC phases 1 & 2.

2021 — 2023
Business Analyst
CIBC CAPITAL MARKETS

FINTRAC suspicious-transaction reporting (STR).

2021 — 2022
Senior Business Analyst
RBC CAPITAL MARKETS

Knowledge Management Engine 2.0 — asset-backed commercial paper (ABCP) securitization business.

2021 — 2022
Senior Business Analyst
SCOTIABANK — GLOBAL BANKING & MARKETS

AML SWIFT wire transactions — ISO 20022 migration, MX ⇄ MT.

2018 — 2019
Senior Business Analyst / Architect
ONTARIO TEACHERS' PENSION PLAN

Trade efficiencies — Charles River 9.4 → R18 upgrade; TSI fixed-income implementation (bonds, money market).

2018
Senior Business Analyst / Architect
SCOTIABANK

IFRS 9 non-retail reporting attributes; Canada's new bail-in regime.

2017 — 2018
Senior Business Analyst / Architect
MAWER INVESTMENT MANAGEMENT

Client portal & digital channels; statements (Vermilion & APX); GIPS / GICS; FactSet fund data.

2016 — 2017
Senior Business Analyst / Architect
SCOTIABANK

BCBS 239 risk-data aggregation & risk reporting — IBM Information Governance Catalog.

2014 — 2015
Senior Business Consultant
MORGAN STANLEY — MONTRÉAL

Basel RDA / BCBS 239 (RDARR) & FATCA Global Affairs — global enterprise data architecture.

2014
Senior Business Consultant
CIBC

Enterprise trade consolidation (Broadridge, Charles River, Fidessa, IRESS); Pathfinder replacement — Broadridge Gloss data migration.

2013
Sr. Business Consultant — Prime Brokerage
MANULIFE FINANCIAL

Prime-broker deal transactions for JP Morgan & Goldman Sachs — Portia, Pacer, Fidessa, Charles River.

2012 — 2013
Senior Business Consultant
TD SECURITIES

GETTS electronic-trading solutions; front-office eFX, derivatives & Murex integration; Dodd-Frank 1073.

2011 — 2012
Business Consultant
TD BANK GROUP

IRIS integrated risk information system — risk & credit management reporting; limits management (LMR).

2010 — 2011
Sr. Client Consultant, Business Systems
BMO GUARDIAN FUNDS / BANK OF MONTREAL

KYC / AML business systems; Charles River buy-side integration; Unitrax record-keeping.

Overlapping dates reflect concurrent client mandates — the nature of senior consulting.

/ 03AREAS OF EXPERTISE

Where the business meets the build

Program & Project Delivery
Program & project management PMO stand-up Product ownership Agile & Scrum Target operating model Transformation leadership
Regulatory & Compliance
MiFID II / MiFIR Dodd-Frank EMIR FATCA CFTC · SEC · CSA FINTRAC / AML KYC & CLM
Trade Lifecycle & Front Office
OMS / EMS FX: spot to exotics Trade capture → settlement Collateral & margin ISDA / CSA Clearing & recon
Risk Management
Credit · Market · Counterparty Basel · PD/LGD/EAD CVA Stress testing Limits & exposure Valuation
Data Governance & Quality
Data lineage & quality BCBS 239 Master & reference data Data migration Metadata management Golden source
Platforms & Systems
Charles River Murex Enfusion Bloomberg SimCorp SQL · Power BI
/ 04CREDENTIALS

Education & affiliations

EDUCATION & CERTIFICATIONS
B.Eng, Aerospace Engineering
Toronto Metropolitan University (Ryerson)
Financial Engineering & Risk Management
Columbia University — Specialization
Machine Learning & Artificial Intelligence
DeepLearning.AI / Stanford · Quant University (ML & AI Risk)
Canadian Securities Course (CSC, CPH, DFC)
Canadian Securities Institute
PROFESSIONAL AFFILIATIONS
CFA Institute
MEMBER
CAIA Association
MEMBER
GARP
TORONTO CHAPTER
IIBA
TORONTO CHAPTER
CMT Association
MEMBER
IAQF
PRACTITIONER
THE PHILOSOPHY

To raise the standard of capital markets business analysis — one professional, one program, one institution at a time.

Michael P. Muthurajah
FOUNDER · MD MARKET INSIGHTS
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