Liquid Holdings Group, a cloud-based technology and managed services provider to the global hedge fund and active trading markets, has expanded its senior team.
Ralph Lafferty, formerly of Eze Software Group, joined as head of west coast sales, and financial services veteran Jim P Lee joined as chief administrative officer (CAO).
Based in the San Francisco Bay area, Lafferty will work with the growing community of hedge funds on the West Coast seeking a cost effective platform that requires no IT or operations footprint to run mission-critical aspects of their business such as trading, risk management, and reporting as well as key services including broker reconciliations, corporate actions, and security master maintenance.
As CAO, Lee is responsible for managing Liquid's growing roster of clients through a proven and streamlined activation and on-boarding process as each client goes live on the Liquid platform while also driving the firm's corporate technology infrastructure and operations. Additionally, Lee contributes to the technology strategy and execution model in support of the Liquid platform.
Liquid's growth in operations, which includes another key hire, Matt von Mering, formerly of Pipeline Trading Systems and Eze Castle, allows clients to benefit from a streamlined on-boarding process which matches the use of Liquid platform to workflows across front office trading through to the middle- and back-office, while offering industry best practices at each point in the process.
"We're thrilled with the additions of Ralph Lafferty and Jim Lee to our senior team as we continue to strengthen our position as a game-changer in the hedge fund technology marketplace," says Brian Storms, chief executive of Liquid.
Prior to joining Liquid, Lafferty was director of new business sales at Eze Software Group. Previously, he was head of systems research at Carbon Based Consulting. He has held various equity trader and risk management positions at Sungard Data Systems, Worldco Financial Services, and Hold Brothers Investment Services.
Lee was formerly chief information officer with both Endurance Specialty Insurance and Marsh & McLennan Companies. Previously, Lee was executive director, chief information officer of the Americas and head of managed accounts operations in the Americas for UBS Global Asset Management. Lee started he career in management consulting with IBM Business Consulting Services division where he led multi-million dollar engagements for clients in the financial services sector.