NEW YORK and LONDON, Oct. 2, 2014 /PRNewswire/ -- TFG Financial Systems (TFG) has acquired Risk Technology Solutions (RTS) to support US market expansion for their award winning, private cloud based portfolio risk management platform.
UK based TFG and US based Risk Technology Solutions (RTS) today announced their plans to consolidate a long standing relationship in response to growing global demand for their highly specialized services.
The merger will
- Accelerate the planned expansion of TFG's real-time portfolio risk management system to the US market
- Enhance the project execution capabilities they provide globally to their clients who require custom risk management and quantitative software development
- Provide local support and development expertise for US clients
Barry Fenwick, RTS's CEO will lead the new company. He said, "The consolidation of these innovative companies combines two world class teams of financial engineers and technologists with highly complementary skills. The market for our collective technology and risk expertise continues to grow driven by increasing regulatory oversight and capital constraints, as well as the significant growth in the asset management industry. Together, we can deliver an even better service to our clients and provide new opportunities for our employees."
"RTS's risk expertise is well known and will further enhance the Software as a Service we provide to our North American clients." said Martin Toyer, TFG's CEO. Martin was a key contributor to the TFG platform and will now focus on product development as the CTO. He added "our objective has always been to deliver to our clients the risk capabilities and institutional quality infrastructure that is normally reserved for Tier-1 banks. The acquisition will enhance our risk expertise/knowledge and allow us to further drive toward this goal."
Jim Rogers will become COO of TFG with direct responsibility for growing the custom solutions business globally.
Contact:
Barry Fenwick (CEO)
Barry.fenwick@tfg-fs.com
+1 704-425-1839
About TFG:
TFG has been providing its real-time trade workflow, portfolio and risk management system to asset managers since 2008 and was awarded the "Best real-time risk and portfolio management system" in 2013 and 2014 by the Hedge Fund Journal.
About RTS:
Founded in 2010 by Barry Fenwick and Jim Rogers, RTS has been providing custom risk solutions to clients in the US, UK and Asia. Employees are located in New York, Charlotte, Washington and India.
For more information please visit our website at www.TFGsystems.com
