HedgeOp Expands U.S. Presence

Jun 6 2012 | 7:39am ET

Consulting and software specialist HedgeOp Compliance has added Derek McGibney as a senior project director in its New York office as it boosts staff in its U.S. operations.

McGibney comes from the UK office of IMS, HedgeOp’s parent company, where he had worked for over eight years. McGibney has been consulting all aspects of governance, compliance and operational risk for top tier global financial services for over 15 years. 

HedgeOp has also hired Steven Vecchio as vice president in compliance in its New York office, and Nebosjsa Obradovic and Zachary Rosenberg as compliance associates in its Boston and San Fransisco offices, respectively.

Vecchio comes to HedgeOp from the law firm Bingham McCutchen where he spent five and a half years in the investment management practice group. Obradovic previously worked as a compliance officer for Heritage House Asset Management and Rosenberg joins from Jacko Law Group, where he was an associate. 

Said HedgeOp CEO William Mulligan in a statement: “We are seeing increasing demand for our services and expertise as the regulatory regime continues to tighten.

“Derek’s encyclopedic knowledge of European regulatory architecture and his sophisticated approach to the management of compliance risks will expedite HedgeOp’s incorporation of IMS’ UK intellectual property to our procedures as well as our patented software applications.”

In January 2012, IMS merged with HedgeOp Compliance and later acquired all outstanding shares in the New York-based subsidiary, IMS Consulting US. The enlarged group is based in London and has more than 100 employees supporting approximately 700 investment management firms globally.


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