Trema says Bill Riffert has joined the company as Executive Vice President and General Manager for the Americas. The appointment comes five months after Trema acquired the cash management solution of North American treasury vendor, Alterna, and coincides with a number of client wins in the region, which are to be announced shortly.
Trema clients in the Americas include GE Capital, Lucent Technologies, Cargill, Johnson Controls, and Discovery Capital Management. This appointment comes two months after the launch of Trema’s latest version of its solution, which enables corporate and financial institutions to support the hedge accounting and reporting complexities introduced by IAS 32/39, as well as enhancing the support for FAS 133/138.
Riffert is a highly qualified executive with extensive experience in building and developing technology firms in the Americas. He joins Trema from Random Walk Computing, Inc. where he was General Manager with responsibilities for growing the firm’s nascent business in the North East region. Prior to this, Riffert served for 10 years as Vice President and General Manager of TIBCO Finance Technology’s (TFTI) North American operation, responsible for all sales, support, and professional services. In this role Bill grew TFTI’s revenue from USD 6 million to over USD 48 million in the space of two years.
“Trema has a number of factors that make it unique: a veritable ‘who’s who’ of worldwide financial markets and treasury clients, a world-class solution and a dedicated and committed staff,” says Riffert. “Most importantly, these are supported by blue-chip investors, innovative and forward looking founders, and a highly skilled, customer-focused management team with a commitment to constantly reinvesting in innovation. I am extremely pleased to be joining such a prestigious organization at a time when there are so many opportunities for Trema in this region.”
Michle Fitzpatrick, CEO, Trema, says the Americas are a clear area of growth for Trema, and that Rigffert brings the local knowledge and experience that will drive the business forward. “Following our recent acquisition of Alterna, the launch of the latest version of our enterprise solution and a number of upcoming strategic wins in the region, Bill’s appointment sends the signal that we now have all the pieces in place for significant growth in the Americas,” she says.