Australia's Computershare is establishing a new business unit based in New York that will provide services to support the origination, investment and monitoring of fixed-income securities.
The new business will be headed by Mark Ferraris who has more than 20 years of experience in the fixed-income markets. For more than 12 years, he acted as senior architect for the emergence of The Bank of New York's global bond services organisation. More recently he served as president & CEO of financial software firm Wall Street Analytics.
Computershare says the new unit will coordinate a number of its existing fixed-income services as well as introduce new services to other active bond markets.
The firm currently delivers fixed income products and services through the information agent business of Georgeson Shareholder Communications, as well as through its trust services organisation in Canada and its investor services group in Australia.
The new business will aim to create products that will complement existing services available in the marketplace, says the vendor, including those of bond trustees, custodians and other specialised agents in the fixed income markets.
Steven Rothbloom, president and CEO, Computershare North America, says the move is a natural extension of the Computershare franchise and "will offer our clients and the financial markets an alternative for products and services for fixed income securities".