Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s research team. He had joined the Bank of England in 2013, after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years as a lecturer and researcher at various academic institutions, including the University of Barcelona, Regent’s University London, and the Instituto Tecnológico Autónomo de México (ITAM).
Pedro holds a PhD in Mathematics from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, Ledger, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT), on the network structure of settlement fails, and on the procyclicality of CCP margin models. He currently serves as a member of the Board of Advisors of the Robert A. Schwartz Center for Trading and Financial Markets Research at Baruch College and is the Managing Editor of the Journal of Exchanges, Clearing & Settlement (JECS).