Pete Bowman Managing Director 804.521.6015 vCard

Pete Bowman has extensive executive and management experience advising on brokerage platform and correspondent clearing alternatives and serves as Oyster’s Managing Director of Clearing and Platform Advisory Services. Pete works with major platform providers and retail/bank brokerage firms on strategic initiatives including strategic planning, clearing decisions, platform changes and providers, and other new business opportunities. During his career with Wheat, First Securities he worked in all facets of Brokerage Operations and took on various supervisory and management positions. Ultimately, he was appointed Director of Operations of First Clearing, the clearing arm and subsidiary of Wachovia Securities (now Wells Fargo Advisors). Pete expanded his career by joining the Correspondent Clearing Services division of Wachovia Securities as a Segment Director, where he oversaw top tier client relationship management and assumed numerous roles in Product Development and Sales.

Expertise

  • Works with major platform providers and retail/bank brokerage firms on strategic initiatives including strategic planning, clearing decisions, platform changes and providers, and other new business opportunities (e.g., match making and deal due diligence).
  • Skilled in negotiation (Clearing and Acquisition)
  • Served as Segment Director of a leading, national clearing firm in charge of top tier client relationship management
  • Acted in various capacities relating to product development and sales for top-ranked clearing firm
  • Served as Director of Operations for a National Brokerage/Clearing firm heading both service and support groups
  • Led platform (Operations) efforts on various broker-dealers, banks and independent firm mergers including, at the time, the street’s largest retail firm conversion (Prudential Securities into First Union Securities)
  • Senior Manager in the Operations Division of a national firm, responsible for creation and development of automated platform utilizing current technologies to take operations into next generation
  • Serves in the business development division of Oyster Consulting

Career Highlights

  • Director of Clearing and Platform Advisor/Business Development at Oyster Consulting
  • Segment Director, First Clearing Correspondent Services
  • Director of Operations, Heading Service and Support Groups, First Clearing Corporation
  • Senior Manager, First Clearing Corporation
  • Multiple Management positions throughout Brokerage Operations including Margin, Reorg,
  • Dividends, Money Market and Packaged Products
  • Management Trainee in Brokerage Operations, Wheat First Securities

Education, Accolades and Industry Commitments

  • B.S., Business Administration – Finance, Virginia Commonwealth University
  • Virginia Commonwealth University Cooperative Education Program

Articles, Blogs and Presentations

Managing the Clearing Platform Transition Process – Blog Post, May 2, 2019

Communicating Your Platform Decision – Blog Post, April 4, 2019

Selecting a Clearing Provider – Blog Post, March 21, 2019

Things to Consider When Selecting a Clearing Partner – Blog Post, March 7, 2019

The Business Case for Evaluating Your Clearing Partner – Blog Post, March 5, 2019

Should You Be Thinking About Your Clearing Platform? – Blog Post, February 2019