Citi Taps Fergus Pery for OpenCollateral

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Citi has hired Fergus Pery as the global product head of OpenCollateral, which provides collateral management services and is part of the firm's over-the-counter (OTC) derivatives service.

Pery, who was poached from JPMorgan Chase, will report to Rajen Shah, global head of Collateral Management for Citi's Securities and Fund Services and EMEA head of Securities Finance.

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