Citco Appoints Ryan Fitzgerald To Lead Middle Office Solutions Business
Citco has appointed Ryan Fitzgerald as Head of Middle Office Solutions to further develop the business line. The appointment is part of a significant strategic investment by Citco; Fitzgerald joins from Hazeltree Fund Services, a specialist treasury management solutions provider to the buy-side.
As part of its investment in 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.
“As efforts to streamline operations intensify, our outsourced solutions provide managers with an opportunity to alleviate some of the pressures around tightening margins.” said Jay Peller, Head of Fund Services. “Ryan’s appointment to lead this growing business is at the heart of our efforts to make our clients’ lives easier; his extensive treasury and collateral management experience will help us to continue to develop the right solutions that meet our clients’ changing needs.”
Fitzgerald said, “Citco Middle Office Solutions is entering an exciting new phase. We believe we can offer differentiated services in this space and we have a number of initiatives in development that enable us to lead the way in asset servicing. 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.”
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