Citco Group targets collateral management growth
12 February 2020 London
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’s 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: “I 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.”
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 Æxeo 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.
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’s 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: “I 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.”
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 Æxeo 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.
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