About Us

Our Story

Otaras is a regulatory and financial technology company formed for the specific purpose of developing powerful and streamlined workflow management, data management, and regulatory compliance solutions for all professionals across the municipal market.

We developed MuniVisor to help municipal advisors focus on important solutions rather than on forms. We collaborated with municipal compliance experts to create an interconnected, seamless, and professional experience that works for the industry.

Our Team

Matthew Roggenburg
Chief Executive Officer


Matt is a 35-year veteran of the municipal market with broad industry experience. He held senior positions at JP Morgan Securities, PNC Capital Markets, UBS Securities, and Goldman Sachs. While at JP Morgan, he led the Municipal Capital Markets team, which developed industry-leading bespoke debt and derivative solutions for municipal clients. At PNC, he managed …

Deepak Adinarayana
President & Chief Operating Officer


Deepak is a founding member of Otaras. During his 18 years in technology and management consulting, Deepak held senior roles helping clients like Goldman Sachs, Bank of America, UBS, Morgan Stanley, Citi, PNC, etc. in developing and delivering software products, solutions and services in the Capital Markets and Wealth Management…

Naveen Balawat
Chairman & Chief Technology Officer


Naveen is a founding member of Otaras. Data enthusiast and a strong statistician, he specializes in building data-driven solutions/products using Machine Learning, Big Data and Analytics. During his 18 years in technology and management consulting, Naveen has run several large programs, rolled out industry utilities, led analytics teams and…

Carol Hargrave
Chief Marketing Officer


Carol is a seasoned marketer with experience in startup marketing and in FinTech. Carol has held a variety of senior marketing and leadership roles. Most recently she was the Chief Marketing Officer at Klarna, a global provider of e-commerce payment solutions, based in Stockholm, Sweden. At Klarna Carol led a major growth initiative to help position the…

John Buckman
Vice President of Legal Affairs


John is a corporate attorney and the company’s Vice President of Legal Affairs. An entrepreneur at heart, John has lent a hand in founding a number of startup companies, while maintaining a strong foothold in legal transactional and compliance matters. During his 20+ year legal career, John has worked as an associate with two multi-national law firms and has…

Advisory Board

Michael Ballinger
Publisher, The Bond Buyer

Greg Usry
Senior Municipal, Industry Executive

Greg spent over 30 years in municipal finance, including buy and sell side management. For the bulk of his career he was an investment banker and capital markets professional at JP Morgan and Citi. While at Citi Greg served on the Municipal Securities Division management committee and was responsible for all credit product structuring and origination…

Dave Sanchez
Senior Counsel, Norton Rose Fulbright

Dave is Senior Counsel at Norton Rose Fulbright US LLP. Previously, he was an Attorney-Fellow at the United States Securities and Exchange Commission. During this time, he was a principal drafter of both the final Municipal Advisor rule and the 2012 SEC Report on the State of the Municipal Securities Market which outlined the SEC’s ongoing agenda…

Pepper Hamilton LLP
Outside Counsel, Legal Advisory

Let us show you how MuniVisor can help re-engineer the way you work!