Stephen Bruel

Stephen Bruel is a Research Director in TowerGroup's Securities & Capital Markets practice. He focuses on the strategic impact of technology in the capital markets industry, addressing technology, operations, and business issues. In his research and analysis, he examines the dramatic changes affecting the capital markets business, including global regulatory issues, risk management, alternative asset classes, and investment banking.

Stephen maintains a focus on the over-the-counter derivatives industry and has highlighted the operational and risk management challenges associated with these complex products in his analysis of such topics as OTC derivatives front-office trading, collateral management, and market structure. Regulators' increased scrutiny of OTC derivatives will certainly spur changes in market practices and a continued focus on mitigating the risks inherent in this business.

Stephen joined TowerGroup from State Street's Wealth Manager Services group, where he focused on supporting and expanding the suite of technology solutions for the firm's global wealth management clients. Stephen's experience at State Street included people, process, and project management as well as client and technology implementation.

Prior to State Street, Stephen held a variety of management positions in the Global Transaction Services division of Citigroup. His responsibilities included managing offshoring projects, designing process improvements, and implementing new customer relationship management technologies.

Stephen has been a speaker at industry events and is quoted frequently by publications such as Wall Street & Technology, Securities Industry News, and American Public Media's Marketplace on NPR.

Stephen holds a Bachelor of Arts degree in Political Science from Trinity College.

*Stephen Bruel can be reached at sbruel@towergroup.com.