Thursday, 27 October 2016
Last updated 6 min ago
May 1 2012 | 3:05am ET
TFG Systems has hired a former Caxton Associates executive to run its new operations outsourcing business.
Marc Sharman joins TFG from Stoneworks Asset Management, where he was head of operations. Prior to co-founding Stoneworks six years ago, Sharman was head of credit operations at Caxton Europe Asset Management, handling its middle- and back-office functions, prime brokerage and its relationships with brokers and administrators.
"I am very pleased to welcome Marc to TFG; combining his experiences of building an efficient operations teams with TFG’s highly regarded focus on our clients allows us to extend our service beyond software," TFG CEO Martin Toyer said. "We now provide a fully managed offering which reaches beyond the standard middle office functions enabling hedge funds to fully outsource their operations."
"I found TFG Complete to be a powerful tool; at Stoneworks we used it for all aspects of fund operations," Sharman added. "It is the only system I have experienced which, for trade capture, reconciliation and position accounting right through to real time risk reporting has exceeded my expectations. I am excited to join the TFG team and build their outsourced operations business."