State Street Corporation’s hedge fund administration company, International Fund Services (IFS), has added three senior executives to its risk team in New York to respond to investors growing demand for risk reporting and analytics services.
Joining IFS are Bryan Boyer, as director of risk technology, Jonathan Schachter, as director of financial engineering, and James van Putten as director of risk analytics.
Boyer has more than 30 years of experience in the software industry and was previously vice president of technology services at AIM-TO Corp. in Dallas. At IFS, he will be responsible for the overall architectural design of IFS proprietary Global Risk Solutions technology. Boyer will also evolve the risk- information delivery platforms to match the changing functional requirements of customers while also maintaining platform scalability.
Schachter, who joins IFS from NumeriX LLC in New York, will lead IFS financial engineering unit which is responsible for researching and implementing proprietary financial models for over-the-counter (OTC) derivatives and various analytical measures. He holds advanced degrees in mathematical finance and physics.
Van Putten joins IFS from Tremont Holdings Group in Rye, New York, where he was the senior quantitative risk analyst. He brings with him 20 years of hedge fund and fund of hedge fund experience. In his new position as director of risk analytics, he will be responsible for developing IFS proprietary risk portfolio construction and analytics tools. In this capacity, he will work directly with customers to help them establish a more informed decision-making framework.
“The addition of these three senior executives to our team reflects IFS commitment to continue enhancing our risk management services offered in support of hedge fund and fund of hedge fund investment programs. With the continuing shift from relative return to absolute return investment philosophies, there is an increasing demand for the domain expertise necessary to measure and manage the risks associated with more complex portfolios. This is also prompting the demand for more comprehensive risk reporting and transparency services.
“We are confident that our growing team of risk experts, combined with our robust data aggregation capabilities and customizable technology, provides the most flexible, integrated and customer-centric risk services in the market,” says Jack Klinck, executive vice president and head of State Streets alternative investment servicing business.