TFG Financial Systems (TFG) has announced it has acquired US-based Risk Technology Solution (RTS) to support its portfolio risk management system and expand in the US.
TFG, which is headquartered in the UK, is planning on expanding its global footprint by bringing its private cloud-based portfolio risk management platform to the US. The acquisition of RTS will help to realize this goal while further enhancing the platform's capabilities.
"The consolidation of these innovative companies combines two world class teams of financial engineers and technologists with highly complementary skills," says Barry Fenwick, current CEO of RTS who will be heading the newly-formed company after the merger. "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."
Following the merger, Jim Rogers will become COO of TFG, responsible for growing the solutions business globally.
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