J.P. Morgan nabs triparty collateral head from Citi
Latest news
J.P. Morgan nabs triparty collateral head from Citi 24 May 2013London Reporter: Mark Dugdale
Image: Shutterstock
Citi’s head of triparty collateral management Russell Pudney is joining J.P. Morgan.
J.P. Morgan declined to comment, but a source confirmed that Pudney, who recently oversaw the launch of a triparty collateral management solution that allows mutual clients to consolidate their equity and fixed income holdings into a single collateral pool, will join the bank.
Citi’s solution was launched in conjunction with triparty agents Euroclear Bank and Clearstream.
In January, Sanjiv Sawhney of Citi said that it “demonstrates [the bank’s] commitment to developing open architecture solutions which allow our clients to more efficiently access liquidity pools”.
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 Securities Finance Times
Image: Shutterstock 