Cinnober forms management team for new subsidiary, Patrick Tessier joins as COO
Appoints Chief Operating Officer with extensive experience at global investment banksCinnober recently announced the establishment of a new subsidiary that will provide real-time post-trade technology and services to investment banks. The new subsidiary will modernize client clearing operations, a business area tightly squeezed by new regulatory obligations, higher capital requirements, and high spending on legacy IT infrastructures. The first member of the management team to be announced is Patrick Tessier, who is joining the company as COO this week. Tessier’s