Citi nabs Pery 08 July 2011London Reporter: Ben Wilkie
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Citi has hired Fergus Pery as the global product head of OpenCollateral.
Pery, who is based in London, joins Citi from J.P. Morgan Chase and brings to the role extensive industry and product expertise as well as a deep understanding of client needs in this space. In his role, Pery is responsible for the both technical sales and product management globally for OpenCollateral. He reports to Rajen Shah, global head, collateral management for Citi’s Securities and Fund Services and EMEA head of securities finance.
Neeraj Sahai, global head of securities and fund services, with Citi’s Global Transaction Services, said: “We are very pleased that Fergus has joined our organisation. His experience and knowledge of the collateral management industry will be an asset to our clients as we continue to build innovative solutions in this space.”
Citi offers collateral management services through OpenCollateral, irrespective of a client’s custodian or prime broker. OpenCollateral acts as trusted agent, interacting with clients’ counterparties and delivering a comprehensive range of services that meet clients’ operational and asset optimisation needs by providing flexible and customisable solutions designed to mitigate risk, improve return on assets and manage client relationships.
Launched in 2009, OpenCollateral is a key component of Citi’s comprehensive OTC Derivatives Service that consolidates and simplifies the entire post-trade execution process. The offering provides clients with access to a full range of middle- and back-office services on a single platform, including confirmation, settlement, valuation services, collateral management, margin management, and access to Citi’s global clearing network.
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