New York, NY, September 27, 2005 â International Financial Business Solutions, (IFBS AG), a leading global provider of Securities Lending, Repo and OTC Derivatives Collateral Management solutions, continued its expansion into the US with the appointment of Tom Ricciardi as Managing Director Americas. IFBSâs FINACEÂ® application solutions are used by a growing number of leading global investment banks and securities and investments firms.
FINACEÂ® is the unique fully integrated solution that supports the future business model within all Securities Finance and Collateral Management products. The architecture of FINACEÂ® is based on a stable, leading edge technology platform that empowers customers to manage complex, scalable business-critical functionality. With flexibility at its core, customer-driven
extensions and modifications can be quickly and easily applied to the standard component set.
FINACEÂ® supports the following business areas: Securities Lending, Repo, structured Securities Finance and OTC Derivatives Collateral Management, enabling customers to adapt a more integrated approach and organizational view of business operations.
IFBS has opened its US offices at 45 Rockefeller Plaza, and has appointed Tom Ricciardi as its Managing Director Americas. He was formerly Industry Director of Compaq Servicesâ capital markets business consulting practice, and several capital markets, Securities Lending, and banking solution providers in the US, Asia Pacific and Latin America. Tom has over 25 years Wall Street applications experience since receiving his MBA at Pace University and BS from New York University. He will be based in the companyâs offices in New York and report to
Felix Oegerli, CEO. Mr. Ricciardi will oversee IFBSâs US customer development and will be responsible for expanding IFBSâs 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, â said Felix Oegerli, CEO of IFBS AG. "Tomâs 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