NEW YORK,
Nov. 14,
2023 /PRNewswire/ -- R&T Deposit Solutions
("R&T" or the "Company"), a leading provider of tech-enabled
liquidity management, deposit funding, and securities-based lending
programs, announced today that it has appointed global markets
industry veteran Christopher Gerosa
as Executive Vice President, Chief Financial Officer - effective
February 2024. Mr. Gerosa will report
directly to R&T's Chief Executive Officer, Joseph Jerkovich and serve on the company's
Executive Committee. In this role, Mr. Gerosa will oversee the
Finance Division, including Accounting, Financial Planning and
Analysis, Treasury Management and Tax. As the leader of the
company's finance team, which includes Esther Cheung, CPA, SVP
& Controller, Mr. Gerosa will play a crucial role in shaping
and executing R&T's financial strategy.
"Chris' background in the markets will
serve the company well as we look to build our platform
strategically and efficiently." - Susan
Cosgrove, Executive Chairperson
"We are excited to welcome Chris to the team and to
leverage his deep financial and market experience to help drive our
strategy forward, working to strengthen our financial operations
and capabilities through further investment," said Joe Jerkovich, CEO of R&T. "As a team, we
are focused on continuing to build on our current momentum,
developing innovative products and enhancing our client-centric
delivery model to achieve further growth. Chris will be an integral
part of this effort as we look for ways to improve our business and
deliver key services for sophisticated financial institutions with
complex needs."
"We are pleased to have an experienced leader
like Chris join the R&T executive team," said Susan Cosgrove, Executive Chairperson of
R&T. "R&T has tremendous growth potential and adding
someone with Chris' background in the markets to this team will
serve the company well as we look to build our platform
strategically and efficiently."
Mr. Gerosa joins R&T from MarketAxess
Holdings Inc. ("MarketAxess", Nasdaq: MKTX), the operator of a
leading electronic trading platform for fixed-income securities,
and the provider of market data and post-trade services for the
global fixed-income markets. Most recently, Mr. Gerosa served as
Chief Financial Officer, overseeing a global finance function. He
was previously Head of Accounting and Finance with global
responsibility for Accounting, Regulatory and SEC Reporting, Tax,
Treasury Management, and Financial Planning and Analysis
Functions.
Prior to joining MarketAxess, Mr. Gerosa was the
Chief Financial Officer of Primus Guaranty Ltd. ("Primus") from
2010 to 2014 and Corporate Treasurer from April 2007 to 2014. Mr. Gerosa joined Primus in
2003 and was an integral part of taking the company public in 2004.
Before joining Primus, he worked in the product controller areas of
Deutsche Bank and Goldman Sachs. Mr. Gerosa began his professional
career at Arthur Andersen.
"I have admired R&T's business for some time
and believe the company is poised for even greater success in this
market. This team's approach to solving their clients' complex
challenges with innovative and advanced financial products has set
them apart in an increasingly important segment of the financial
services ecosystem. I look forward to collaborating with the
leadership team to help propel the organization and advance our
strategy," said Mr. Gerosa.
R&T is a portfolio company of private equity
firms GTCR and Estancia Capital Partners ("Estancia"). Estancia
originally invested in R&T in 2021 and GTCR invested in 2023,
and today's announcement builds on those recent developments. Both
firms have partnered with the company to help sustain the growth in
its depository network offering while investing to broaden its
product offerings and technology infrastructure.
About R&T Deposit Solutions
Founded in 1974, R&T Deposit Solutions
provides deposit and liquidity solutions to financial
intermediaries around the country. R&T offers a wide range of
innovative tech-enabled services to help banks, credit unions,
broker-dealers, trust companies and wealth managers meet their
unique cash sweep, deposit funding, and securities-based lending
needs. Through the Demand Deposit Marketplace®
(DDM®) program, R&T provides banks and other
depository institutions with access to millions of dollars in
reciprocal deposits, and underlying customers with access to
expanded levels of FDIC insurance on their deposits through other
participating banks. R&T also is the trusted vendor of large
broker-dealers and other financial institutions that administer
their insured cash sweep programs. For a list of banks in our
network, visit https://rnt.com/about/bank-lists/.
R&T Deposit Solutions Media Contact
Teresa Murphy
tmurphy@rnt.com
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SOURCE R&T Deposit Solutions