Allustra expands into the US

23 January 2007

Following the continuing growth of its customer base, Allustra has brought forward their global expansion plans and announces today that it has opened offices in New York and named Tim Hudson as Business Principal for North America with responsibilities of managing the company's further expansion into the region.

Hudson brings a track record of building businesses in the Financial Technology sector and will be based in Allustra's New York -midtown office, where he will play a key role in client acquisition for Allustra. "Tim's business origination experience and knowledge of the North American financial markets will be an important accelerator to our continuing success," said Managing Director, Mark James.

Hudson previously served as a Senior Vice President at Algorithmics where he was responsible for sales and business development in North America for Algo Capital Management (formerly Fitch Risk). Tim also held positions at RiskMetrics as a senior sales executive based in New York and Europe, where he was successful in building the company's client base.

"I am extremely excited to join Allustra as it offers the most progressive solutions available." says Hudson, "The need for effective use of collateral and margin management continues to increase dramatically. This demand is driven, in part, by the market's readiness to introduce new solutions built upon the latest open technological standards that are able to manage and optimise enterprise wide collateral associated with modern banking activities."

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