Citi has hired Fergus Pery as the global product head of OpenCollateral.
The growing focus on counterparty exposure and changing regulatory environment are driving an increased focus on collateral management. Perys appointment to this new role enhances Citis collateral management resources to assist clients in this changing environment.
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 both the technical sales and product management globally for OpenCollateral. He reports to Rajen Shah, global head of collateral management for Citis Securities and Fund Services and Europe, the Middle East and Africa Head of Securities Finance.
We are very pleased that Fergus has joined our organization, Neeraj Sahai, global head of securities and fund services with Citis Global Transaction Services, says. 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.
Citi offers collateral management services through OpenCollateral, irrespective of a clients custodian or prime broker. OpenCollateral acts as trusted agent, interacting with clients counterparties and delivering a comprehensive range of services that meet clients operational and asset optimization needs by providing flexible and customizable software designed to mitigate risk, improve return on assets and manage client relationships.
Launched in 2009, OpenCollateral is a key component of Citis 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 Citis global clearing network.
Through its securities and fund services business, Citis industry-focused experts provide investors worldwide with tailored software delivered through proven global platforms that feature modular, open architecture. With more than $13 trillion of AuC, clients can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain.
(CM)