About Us

Mission 

Become the world’s most trusted and comprehensive technology platform for investment accounting and analytics

Vision

  • Empower our clients to run efficient investment accounting operations that drive business growth
  • Provide an auditable SaaS platform that facilitates integrated investment accounting, analytics and reporting
  • Create a diverse, collaborative, innovative culture where excellence is the standard
  • Contribute to our local communities to have a meaningful impact on our society

About Clearwater

Clearwater Analytics is the leading provider of web-based investment portfolio accounting, reporting, and reconciliation services for institutional investors at thousands of organizations.

Clearwater aggregates, reconciles, and reports on more than $4 trillion in assets across thousands of accounts daily. Our clients include corporate treasuries, insurance companies, investment managers, banks, governments, and other institutional investors both in the United States and worldwide.

For more than a decade, we have leveraged web-based software and world-class client service to help clients such as American Family Insurance, Arch Capital, C.V. Starr & Co., Cisco, Facebook, Oracle,  Selective Insurance, Sirius Group, Sompo International, Starbucks, WellCare Health Plans, Wilton Re, and many others, streamline their investment and accounting operations. Clearwater also works with hundreds of custodians, investment managers, dealers/brokers, and electronic trading portals who offer Clearwater to their many clients.

With global headquarters in Boise, Idaho, and offices in Edinburgh, London, New Delhi, New York, and Singapore, Clearwater sets the new global standard for investment portfolio reporting.

Executive Team

Sandeep Sahai

Sandeep Sahai

Chief Executive Officer and Board Member

Sandeep Sahai

Sandeep Sahai

Chief Executive Officer and Board Member

Sandeep is Chief Executive Officer of Clearwater. Previously, Sandeep was President and CEO of Headstrong, a leading solutions and managed services provider to leading financial institutions around the world. At the conclusion of his tenure as CEO at Headstrong, the company had approximately 10,000 employees and 17 offices with development centers across Asia, Europe, and the United States. Before Headstrong, he was a founder and partner of the consulting firm TechSpan, CEO of Virginia-based SkanSoft, and served for 10 years with the HCL group, one of the largest technology solutions providers in the world. Prior to joining Clearwater, Sandeep was Chairman of AIM Software in Austria, on the Board of Simeio solutions, and an Operating Partner at Welsh, Carson, Anderson & Stowe (WCAS). 

Sandeep holds an M.B.A. from the Indian Institute of Management, Calcutta; an Engineering degree from the Indian Institute of Technology, Varanasi; and graduated from The Doon School, Dehradun.

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Warren Barkley

Warren Barkley

Chief Technology Officer

Warren Barkley

Warren Barkley

Chief Technology Officer

Warren is responsible for all technical aspects of Clearwater’s operations and services. Previously, Warren was General Manager in the AWS Machine Learning Group at Amazon, where he launched several public services. Before that he served as the General Manager for Business AI at Microsoft where he brought many machine learning technologies to market. For five years Warren was CTO for SMART Technologies, where his teams received 16 awards for a series of products they created. Before 2012, he held several positions at Microsoft and was instrumental in the development of wireless networking in Windows, Microsoft Skype for Business, and numerous broadly used media technologies. At Microsoft, he also played a central role in establishing WiFi as a worldwide standard and authored various key industry wireless specifications.

Warren is also active in the VC community and acts in an advisory role for various early stage startups. He holds over 60 worldwide patents in networking, wireless, communications, and machine learning.

Warren holds advanced degrees from the University of Victoria and the University of British Columbia.

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Cindy Blendu

Cindy Blendu

Chief Transformation Officer

Cindy Blendu

Cindy Blendu

Chief Transformation Officer

Cindy is responsible for leading the transformation program and roadmap to make Clearwater Analytics a global leader in FinTech.

Cindy has over 20 years of experience working in companies undergoing transformational change. She has diverse and hands-on experience across the areas used to achieve large scale change, including mergers and acquisitions, organization and operating model redesigns, culture and employee engagement, and major systems implementations. Cindy started her career with Deloitte Consulting and spent 10 years with Boston Consulting Group (BCG). She has held senior leadership roles at CSC (now DXC Technology), Advantia Health, and Solera Holdings. She most recently founded Headpoint Consulting.
 
Cindy holds degrees from MIT Sloan School of Management and Miami University (Ohio) and spent two years at the U.S. Coast Guard Academy.

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Jim Cox

Jim Cox

Chief Financial Officer

Jim Cox

Jim Cox

Chief Financial Officer

Jim provides executive-level leadership to guide Clearwater’s financial strategies across the global company. He has top-level experience in a broad range of technology business models with public and private companies and experience with strategic transactions and integration activities.

Prior to Clearwater, Jim served as CFO of Glassdoor, where he oversaw the company’s preparation for initial public offering, and served as CFO at Lithium Technologies and Advent Software.

Jim holds a Bachelor’s in Economics from Ohio University.

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Scott Erickson

Scott Erickson

Chief Operating Officer

Scott Erickson

Scott Erickson

Chief Operating Officer

Scott joined Clearwater in 2005 and has successfully served in a number of roles leading multiple Clearwater departments. This experience has given him a deep understanding of client needs and current market challenges. After starting as a Client Account Manager in 2005, he transitioned to lead the team as the Director of Client Services in 2008. Scott’s background solving client needs to enhance their overall experience led him to start the Product Management team in 2010. Scott served as the Director of both Client Services and Product Management starting in 2013, and achieved record sales numbers as Director of Global Sales during 2016 and into 2017. As Chief Operating Officer, Scott’s primary focus is ensuring that Clearwater’s operational infrastructure is continuously improving to support the success of Clearwater’s clients.

Scott holds an MBA from Northwest Nazarene University and graduated cum laude from Whitman College with a bachelor’s in Spanish literature.

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James Price

James Price

Chief Quality Officer

James Price

James Price

Chief Quality Officer

As Chief Quality Officer James is responsible for driving quality throughout the organization through controls, automation, improved testing, and advanced reporting. James joined Clearwater Analytics in November 2004. Previous to his current role, he was Chief Technology Officer and Director of Product Development, and brings more than 21 years of experience in software engineering. James has a passion for everything data-related, trouble-shooting difficult problems, and teaching/training new staff on Clearwater’s technology and domain. James previously worked at Hewlett Packard and CQG Inc. as a developer and lead architect.

James graduated Cum Laude with a bachelor’s in computer science from Utah State University.

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Gayatri Raman

Gayatri Raman

Managing Director for International Markets

Gayatri Raman

Gayatri Raman

Managing Director for International Markets

Gayatri heads UK, APAC, and EMEA for Clearwater. Before joining Clearwater, Gayatri was CEO of AIM Software, a leading data management software provider. Previously, Gayatri was Head of Sales for Capgemini’s Capital Markets business. She started her career in consulting with Accenture in Australia and has built and scaled businesses across Europe, Asia-Pacific, and the US.

Gayatri holds a Bachelor of Engineering from Bombay University.

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Subi Sethi

Subi Sethi

Chief Client Officer

Subi Sethi

Subi Sethi

Chief Client Officer

Subi leads Clearwater’s global operations team, driving global operations & operational excellence and ensuring the success of Clearwater’s clientele.

Subi has over 22 years’ experience across multiple industries including service (IT/ITES), healthcare, BFSI and manufacturing. Before joining Clearwater, Subi led the end-to-end operations at UnitedHealth Group’s Optum Global Solutions. Prior to joining Optum Global Solutions, she worked with Genpact across varied leadership positions in functions like Operations, Quality, Transitions, and Technology. Subi also has direct expertise with technology platforms and the intelligent automation space including robotic process automation, visualization, machine learning, and AI applied to various business functions.

Subi has an Advanced Management degree from the Institute of Management Technology, Ghaziabad, and is a graduate in mathematics from Delhi University.

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Josh Sullivan

Josh Sullivan

Head of Product

Josh Sullivan

Josh Sullivan

Head of Product

Josh leads Clearwater’s software development initiatives and the execution of the Clearwater product roadmap. Josh has been an Operating Partner at Welsh, Carson, Anderson & Stowe (WCAS) since 2011 where he has helped portfolio companies like Clearwater to identify and implement initiatives focused on growth and operational improvement.

Prior to joining WCAS, Josh was most recently an Associate Principal at McKinsey & Company, where he worked for seven years. In addition to McKinsey & Company, he worked at Procter & Gamble as an operations manager.

Josh holds an MBA from NYU Stern School of Business and a B.S. from Cornell University.

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Alphonse Valbrune

Alphonse Valbrune

Chief Legal Officer

Alphonse Valbrune

Alphonse Valbrune

Chief Legal Officer

Alphonse Valbrune started his legal career at Skadden, Arps, Slate, Meagher and Flom, a leading law firm, where he specialized in corporate finance and mergers and acquisitions and worked on initial public offerings and public stock and debt issuances totaling over $2 billion. Following his time at Skadden, Alphonse served as the Deputy General Counsel, then General Counsel & Corporate Secretary, of Headstrong Corporation, a global IT services company, where he was an integral part of Headstrong's executive leadership management team. Following the acquisition of Headstrong by Genpact, a global publicly held professional services firm, Alphonse has held several roles, most recently leading an international group of attorneys responsible for the commercial transactions of Genpact’s Banking and Capital Markets vertical, representing over $1 billion in revenue.

Alphonse holds an A.B. from Harvard College and a Juris Doctor from Columbia University School of Law.

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Board Members

Doug Bates

Doug Bates

Founder and Board Member

Doug Bates

Doug Bates

Founder and Board Member

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.

Prior to co-founding Clearwater Analytics in 2004, 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 an MBA and a bachelor’s in accounting from Brigham Young University. 

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David Boren

David Boren

Founder and Board Member

David Boren

David Boren

Founder and Board Member

As a technology expert and former derivatives trader, he brings a unique perspective on the use of technology to enhance investment accounting and reporting and is responsible for managing and implementing Clearwater’s strategic plan and ensuring the overall health of the company.

Prior to co-founding Clearwater Analytics in 2004, 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. Dave also had a distinguished ten-year career as a fixed income and derivatives trader with Goldman Sachs. During his tenure at Goldman, Dave organized derivative trading desks in New York and Tokyo, trading global fixed income securities, interest rate swaps, currencies, and cross-market derivatives.

Dave holds an MBA from Harvard Business School and a bachelor’s in economics from Brigham Young University.

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Michael Boren

Michael Boren

Founder and Board Member

Michael Boren

Michael Boren

Founder and Board Member

With over 30 years in fixed income investment management, consulting, and analysis Mike brings a breadth of knowledge to Clearwater’s executive team.

Mike’s career in the financial industry began in 1984 when he was appointed director of research at The Geldermann Group, a division of ConAgra. In 1986 Mike 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 Dave Boren founded Sawtooth Investment Management, an investment advisor specializing in limited risk and relative value fixed income investment strategies. In 2001 Mike co-founded Clearwater Advisors, an institutional fixed income investment advisor. In 2004, 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 bachelor’s in economics from Brigham Young University.

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Anthony J.  de Nicola

Anthony J. de Nicola

Board Member

Anthony J.  de Nicola

Anthony J. de Nicola

Board Member

Mr. de Nicola is the President and a Managing Partner of WCAS and a member of the Management Committee, having joined WCAS in 1994. He focuses on technology investments. Prior to joining WCAS, Mr. de Nicola worked for four years in the private equity group at William Blair & Company. Previously, he worked at Goldman Sachs & Co. in the Mergers and Acquisitions Department.

Education

Harvard Business School - M.B.A.

DePauw University - B.A.

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Christopher J. Hooper

Christopher J. Hooper

Board Member

Christopher J. Hooper

Christopher J. Hooper

Board Member

Mr. Hooper is a General Partner in the Technology Group at WCAS and leads the Firm’s San Francisco office, having originally joined WCAS in 2005. Earlier in his career, Mr. Hooper worked at Golden Gate Capital in San Francisco and Lazard in New York.

Education

Colgate University - B.A.

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Eric J. Lee

Eric J. Lee

Chairman of the Board

Eric J. Lee

Eric J. Lee

Chairman of the Board

Mr. Lee is a General Partner in the Technology Group at WCAS and a member of the Management Committee, having joined WCAS in 1999. Before joining WCAS, he worked at Goldman Sachs & Co. in the Mergers & Acquisitions and High Technology investment banking groups.

Education

Harvard University - A.B.

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Sandeep Sahai

Sandeep Sahai

Chief Executive Officer and Board Member

Sandeep Sahai

Sandeep Sahai

Chief Executive Officer and Board Member

Sandeep is Chief Executive Officer of Clearwater. Previously, Sandeep was an Operating Partner at Welsh, Carson, Anderson & Stowe (WCAS) focused on investments in emerging business models including Platform and Software-as-a-Service, having joined WCAS in 2014. He has specialized in the financial markets, cyber security, analytics and services industries. Sandeep worked with WCAS previously as President and CEO of Headstrong, a former WCAS portfolio company. He was a founder and partner of the consulting firm TechSpan that merged with Headstrong in 2003.

Sandeep holds an M.B.A. from the Indian Institute of Management, Calcutta; an Engineering degree from the Indian Institute of Technology, Varanasi; and graduated from The Doon School, Dehradun.

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