|
LONDON, April 13, 2010 – Traccr Limited (“Traccr”) today announced the appointment of Philippe Tromp as a non-executive director.
Philippe most recently was the CEO and senior managing director of Assured Guaranty (UK) Ltd and Financial Security Assurance (UK) Ltd where he has worked for more than 15 years. He was head of international operations and had overall responsibility for origination and underwriting activities in the asset-backed, municipal and public infrastructure markets of the United Kingdom, Continental Europe and Asia-Pacific regions. He has also worked for Bankers Trust Company and Paine Webber and was elected Chairman of the European Securitisation Forum in 2006 – 2007.
Farooq Jaffrey, CEO of Traccr, said:
“We are delighted that Philippe is joining Traccr. He brings a depth of experience in the credit and structured finance markets which will be a valuable resource to help us to grow our business. Philippe has run successful global credit businesses while being actively involved in reaching out to colleagues across the market to help develop a robust operational framework for credit. These qualities are particularly important as Traccr develops its business model during the current inflection point in the credit markets.”
Philippe commented:
“There has been a rapid development in Traccr’s footprint and I believe that this company will be instrumental in making Credit Default Swaps more transparent and accessible to new and existing participants in credit. I have been most impressed by the service Traccr can provide to a broad range of clients, offering best execution, confidentiality and expanding the number and type of counterparties in the market. It is an exciting time to be involved with Traccr and I look forward to working with Farooq to expand the business.”
Philippe holds an MBA in Finance and Marketing from Columbia University and Master of Physics from Ecole Nationale Superieure des Mines, France.
April 2009
Traccr launches its proprietary credit default swap simulator to allow professional traders to learn and understand the mechanics of CDS trading. This important tool is unique to the CDS market as it allows securities professionals to practice trading before entering a live trade. Subsequently, and once the trader has understood the product, a live trade can be arranged by Traccr.
“Given the activity and developments around the CDS market, professional traders have become more aware of credit derivatives and how it can be applied to hedge their corporate bond positions, or to take a view on synthetic credit indices” said Farooq Jaffrey, founder of Traccr.
Traccr is a retail brokerage specialising in credit derivatives. Traccr’s client base includes private wealth management firms, high net worth individuals and professional traders.
Traccr Ltd. is regulated by the Financial Services Authority.
|
