Citi nabs Pery
08 July 2011 London
Image: Shutterstock
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鈥檚 Securities and Fund Services and EMEA head of securities finance.
Neeraj Sahai, global head of securities and fund services, with Citi鈥檚 Global Transaction Services, said: 鈥淲e 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.鈥�
Citi offers collateral management services through OpenCollateral, irrespective of a client鈥檚 custodian or prime broker. OpenCollateral acts as trusted agent, interacting with clients鈥� counterparties and delivering a comprehensive range of services that meet clients鈥� 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鈥檚 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鈥檚 global clearing network.
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鈥檚 Securities and Fund Services and EMEA head of securities finance.
Neeraj Sahai, global head of securities and fund services, with Citi鈥檚 Global Transaction Services, said: 鈥淲e 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.鈥�
Citi offers collateral management services through OpenCollateral, irrespective of a client鈥檚 custodian or prime broker. OpenCollateral acts as trusted agent, interacting with clients鈥� counterparties and delivering a comprehensive range of services that meet clients鈥� 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鈥檚 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鈥檚 global clearing network.
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