Clear Street Appoints Atul Pawar as Chief Risk Officer

NEW YORK–(BUSINESS WIRE)–Clear Street, a diversified financial services firm, has appointed Atul Pawar as Chief Risk Officer. Pawar will join Clear Street in July, following two decades at Goldman Sachs where he was the Head of U.S. Prime, Clearing, FCM and Counterparty Risk. 

“We are very pleased to welcome Atul to Clear Street’s leadership team,” said Chris Pento, CEO and Co-Founder of Clear Street. “Risk management is the most important part of our value proposition and was the crux of why we founded this business six years ago. The financial industry still operates on infrastructure built in the 1970s, which can lead to costly errors, reduced profit margins and unattractive risk profiles. Atul’s proven experience and veteran status at a premier competitor speaks to our increasing presence and forward growth trajectory in the industry. We’re excited to welcome him to our world-class team as we continue to bring our clients compelling and tech-forward products and services.”

As Chief Risk Officer, Pawar will oversee Clear Street’s risk management firmwide, across Institutional and Active divisions. In the Company’s Institutional business, Clear Street provides securities financing and lending, clearing and settlement, execution, professional clearing and custody, capital introduction and investment banking. Clear Street’s Active division provides active traders a suite of products and services designed for speed, efficiency and reliability.

Ahead of joining Clear Street as Chief Risk Officer next month, Pawar commented, “Clear Street is challenging the status-quo by building a modern, cutting-edge, centralized technology platform unlike any other available on the street. I look forward to contributing to the Company’s expansion plans and continued success.”

During his tenure at Goldman Sachs, Pawar focused on Prime Brokerage, Execution and Clearing and Futures Commission Merchant (FCM) under Global Banking and Markets division where he oversaw market and liquidity risk in portfolios across various asset classes, such as equity, commodities, fixed income credit, rates and foreign exchange. Prior to managing the risk team, Pawar was a member of Goldman Sachs’ Strategies group, where he led the effort of building portfolio analytics and stress tests. Pawar holds a Master of Science degree in Computational Finance from Carnegie Mellon University, and a Masters degree in Computer Science from Binghamton University.

About Clear Street

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. The firm started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. In December 2023, Clear Street received a third tranche of Series B funding from Prysm Capital, increasing its Series B to $685 million, and the firm’s valuation to $2.1 billion.

Clear Street’s proprietary platform adds significant efficiency to the market while focusing on minimizing risk, redundancy and cost for clients. Clear Street’s goal is to create a single platform for every asset class, in every country, and in any currency. For more information, visit