Citco Group targets collateral management growth 12 February 2020London Reporter: Becky Bellamy
Image: Shutterstock
Citco Group, a financial services provider to the buy side, has revealed a senior hire from Hazeltree Financial Services, along with plans for a new collateral management platform.
Ryan Fitzgerald, based in New York, joined the group as head of middle office solutions last year after serving for more than six years as a managing director of Hazeltree's collateral systems.
Citco鈥檚 middle office solutions aim to provide trade matching, confirmation and settlement, collateral management, three-way reconciliation, treasury and payments services to pension funds, insurance funds and hedge funds, among other buy-side participants.
Commenting on his appointment, Fitzgerald says: 鈥淚 am delighted to be leading a business that provides superior solutions that are scalable and cost-effective, providing fast and accurate data, and removing the burden of complex treasury and collateral processing.鈥�
The appointment is part of a strategic investment by Citco, aimed at providing differentiated, customised solutions based on proprietary technology innovation, to a wide range of clients, according to the group.
As part of its investment in its middle office solutions, Citco will also be introducing a proprietary collateral management platform, as well as making enhancements to its existing 脝xeo Treasury platform and further expanding its suite of services.
A spokesperson for Citco was unable to provide further details on what the new collateral management platform offer at this time.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to 麻豆传媒 Finance Times
Image: Shutterstock 