Clearwater Executive Team
Chief Executive Officer and Founder
Dave Boren has more than 25 years of experience in fixed income risk management and trading. As a technology expert and former derivatives trader, he brings a unique perspective on the use of technology to enhance performance, reporting and risk management activities.
Prior to co-founding Clearwater Analytics in 2003, Dave co-founded Clearwater Advisors, an institutional fixed income investment advisor, in 2001 and co-founded Sawtooth Investment Management, a private investment company specializing in limited-risk, fixed income investment strategies, in 1995. Prior to that, David had a distinguished ten-year career as a fixed income and derivatives trader with Goldman Sachs. During his tenure at Goldman, David organized derivative trading desks in New York and Tokyo, trading global fixed income securities, interest rate swaps, currencies and cross market derivatives.
David holds a BA in economics from Brigham Young University and an MBA from Harvard Business School.
Chief Operating Officer and Founder
Mike is the Chief Operating Officer of Clearwater Analytics. His career in fixed income investment management, consulting and analysis began in 1984 when he was appointed director of research at The Geldermann Group, a division of ConAgra.
In 1986 he started an independent brokerage firm specializing in institutional brokerage of arbitrage and relative value transactions involving futures, spot and forward markets. In 1995, Mike and David Boren founded Sawtooth Investment Management, an investment advisor specializing in limited risk and relative value fixed income investment strategies. In 2001 he co-founded Clearwater Advisors, an institutional fixed income investment advisor. In 2003, he co-founded Clearwater Analytics. Throughout his career, Mike has focused on providing superior investment advice and innovative financial services to sophisticated institutional clients.
Mike holds a BA in economics from Brigham Young University.
Chief Financial Officer and Founder
With 28 years of experience on the marketing and sales side of the fixed income and derivatives industry, Doug Bates brings a valuable perspective to the Clearwater management team. Doug is responsible for the firm’s financial planning, forecasting and budgeting, overseeing all the financial aspects of the business.
Prior to co-founding Clearwater Analytics in 2003, Doug co-founded Clearwater Advisors, an institutional fixed income investment advisor, in 2001 and was a partner at Sawtooth Investment Management starting in 1998. Prior to Sawtooth, Doug had a 16-year career with Goldman Sachs in institutional fixed income and derivative sales management. After five years at Goldman Sachs in New York, Doug was asked to establish the Goldman Sachs fixed income and derivatives sales operation on the west coast. The team was assembled to specialize in marketing derivative strategies to large institutional clients. Doug worked with Goldman’s largest west coast clients to develop strategies for managing their global currency and interest rate exposures.
Doug holds a BA in accounting and an MBA from Brigham Young University.