J.P. Morgan nabs triparty collateral head from Citi
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J.P. Morgan nabs triparty collateral head from Citi 24 May 2013London Reporter: Mark Dugdale
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Citi鈥檚 head of triparty collateral management Russell Pudney is joining J.P. Morgan.
J.P. Morgan declined to comment, but a source confirmed that Pudney, who recently oversaw the launch of a triparty collateral management solution that allows mutual clients to consolidate their equity and fixed income holdings into a single collateral pool, will join the bank.
Citi鈥檚 solution was launched in conjunction with triparty agents Euroclear Bank and Clearstream.
In January, Sanjiv Sawhney of Citi said that it 鈥渄emonstrates [the bank鈥檚] commitment to developing open architecture solutions which allow our clients to more efficiently access liquidity pools鈥�.
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