London-based hosted reconciliation services provider Duco has established a foothold in New York with the appointment of David Zelinger.
Zelinger, who previously used the company's flagship Duco Cube product as a customer with a major service provider, will serve as managing director for the Americas. The company intends to expand the operation with additional staff over the coming months.
The new MD has spent more than 10 years in derivatives trade processing and risk management across a broad spectrum of market participants. Prior to joining Duco, Zelinger served as director, global head of operations for Markit’s credit center, where he led the launch of a high-volume credit management platform. He was also vice president and later head of market initiatives for North America at Deutsche Bank, and served as chair of ISDA’s global rates architecture and novations working groups.
“We are delighted to have David represent us, particularly as he can speak first-hand about the benefits of Duco Cube from the client perspective,” says Christian Nentwich, Duco CEO and co-founder. "We have clients across the USA, with particular concentration in Chicago and New York, and approximately half our revenues come from North America."
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