International Financial Business Solutions, (IFBS AG), a provider of securities lending, repo and OTC derivatives collateral management applications set up by Felix Oegerli, has appointed Tom Ricciardi as Managing Director, Americas.
IFBS’s FINACE application is used by a growing number of investment banks and securities and investment firms to support their securities finance and collateral management businesses.
IFBS opened a US office at 45 Rockefeller Plaza, and has appointed Tom Ricciardi as its Managing Director Americas. He was formerly Industry Director of Compaq Services’ capital markets business consulting practice, and several capital markets, securities lending, and banking solution providers in the US, Asia Pacific and Latin America.
Ricciardi received his MBA at Pace University and BS from New York University. He will be based in the company’s offices in New York and report to Felix Oegerli, CEO, in Zurich. Ricciardi will oversee IFBS’s US customer development and will be responsible for expanding IFBS’s growing leadership position in the Securities Lending and Collateral Management solution segment.
“Tom’s expertise in securities and investments application technology coupled with his business development experience in the industry will help us move ahead rapidly as we continue to innovate creative Securities Lending and Collateral Management solutions, ” says Felix Oegerli, CEO of IFBS AG. “Tom’s solid experience will play an instrumental role in developing and expanding our US and global operations and we are thrilled to have him join our senior management team.”
International Financial Business Solutions (IFBS AG) was founded in August 1999. Clients include ABN AMRO Bank (Switzerland), Credit Suisse, Bank Vontobel AG, Banca del Gottardo, Zurich Cantonal Bank, LGT Financial Services AG, VP Bank , and Banque Cantonale Vaudoise (BCV).