Citisoft Expands Hedge Fund Consulting Unit

Aug 26 2008 | 7:04am ET

Investment management consulting firm Citisoft has beefed up its hedge fund practice with a new hire. Ian Mainwaring has been tapped to lead the firm’s alternative investment group, which aims to help asset managers solve operational issues.

Prior to joining Citisoft, Mainwaring was head of technology for electronic trading and hedge accounting at Rabobank International. Prior to Rabobank, Mainwaring had roles at Credit Suisse, Credit Lyonnais and Natwest Markets.

According to Citisoft, its alternative investments practice has doubled in size over the past 12 months, with a most of the demand for services coming from hedge funds and other institutional asset managers.

"As the leader in consulting to the investment management community, our clients expect Citisoft to provide a high-level expertise in those areas which are key to successfully running their businesses," said Howard Mannion, CEO of Citisoft. "Ian Mainwaring's knowledge of the operational and system needs related to alternatives will provide crucial insight for firms utilizing these instruments.”

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