He was employed by JPMorganChase and Bankers Trust (Deutsche Bank) for almost 17 years in key management positions, and founded Fi-Tek (formerly known as TransCom International) in 1997 to develop products and business solutions for the trust and wealth management segment of the financial services industry.
Subir spent almost fourteen years at Chase, where he began as an internal consultant in the Corporate Operations Division in 1981. He held key management positions in various business areas, including Institutional Trust, Corporate Operations and Systems, Securities Processing, Global Custody, and Unit Trust. As an internal consultant in Corporate Operations and Systems, he assisted senior business executives of the Chase Global Banking Division in setting up new businesses (and restructuring old ones), and in developing operations and systems strategies. Working closely with external consultants, he also helped develop business strategies for Chase’s wholesale and retail banks.
As a senior manager in Chase’s Global Institutional Trust, Custody, and Securities Processing businesses, Subir managed many key initiatives to expand overseas business, and planned new operations and systems initiatives to accommodate the growth. He was a senior architect and driver of Institutional Trust’s global strategy and repositioning effort, identifying new markets and products, and then helping to design and implement the business, operations and technology initiatives to carry it out. He also set up Chase’s global custody infrastructure in Asia (Hong Kong, Malaysia, Japan, Thailand, Pakistan, Singapore and India), and aligned these sites to the existing European and the US service centers to provide seamless global services to clients.
During his three years at Bankers Trust, Subir was involved in major business development efforts in Global Custody by leveraging the Bank’s extensive customer base in Corporate Finance – where Bankers Trust had a leadership position in many emerging and European markets. He also set up major international securities processing operations in Asia and Europe to efficiently manage this growth, and implemented global custody and securities processing systems for transaction processing and accounting. He also managed a major joint venture initiative in the development of a securities processing system for Credit Lyonnais of France, who was Bankers Trust’s business partner in Europe.
In 1998, Subir passed on a Senior Management opportunity in Citigroup’s Trust & Custody Group to found his own company, TransCom International, the forerunner of Fi-Tek, to provide customized business solutions for trust and wealth management. The first effort was to replatform and significantly enhance Trust/Rite, The Northern Trust Company’s Trust and Investment Management Accounting & Reporting System used by over 100 of Northern’s correspondent banks and trust companies. The partnership with Northern Trust lasts to this day, and includes Fi-Tek’s purchase of Trust/Rite in 2005.
Subir’s broad industry knowledge and business experience, combined with his technology background, enable him to identify opportunities and to build strategic initiatives for business solutions with some of the largest players in the financial services industry.
Subir graduated from Syracuse University, with an MS in Operations Research and an MBA in Finance. He also earned a BE in Mechanical Engineering from the prestigious Indian Institute of Technology.
Marianne managed various critical projects for Citi during her career, including a trust systems conversion which was completed on time and under budget with little disruption to clients and systems users. She worked as a Citi Product Manager and drove the development of key business plans leading Citi divisions into new ventures and allowing for enhanced services. Marianne’s experience in project management led to her vast expertise and industry knowledge in technology, operations, client servicing, institutional custody and finance.
In her role as President, Marianne oversaw all fiduciary and compliance aspects of CITC as well as the performance of all operations. Since various systems and vendors were utilized to support CITC, she also worked directly with internal and external organizations in order to ensure optimum performance at or below market price. In addition to overseeing CITC employees, Marianne ensured that the needs of clients were met by implementing new products and enhancing existing services while keeping prices low. This was accomplished largely by actively soliciting feedback from the Financial Advisors of CITC’s main client, Smith Barney, as well as continually reviewing the industry.
Marianne chairs the FSTC Fiduciary Steering Committee, and sits on the Investment Committee and Board of Directors.
Marianne holds a Bachelor of Science degree in Marketing and Management from Widener University.
After graduating with an accounting degree from Fairleigh Dickinson University, Rich worked as an auditor and tax professional for Touche Ross & Co (now Deloitte & Touche). After his public experience Rich entered private industry working for Hoechst Celanese (now Aventis), a Fortune 500 multinational chemical & pharmaceutical company. It was here that he gained the bulk of his consulting and merger experience. In 1991, Rich started up his own boutique accounting and consulting firm. Fi-Tek, LLC was a client of the firm prior to Rich joining Fi-Tek in 2003 as CFO.
Besides his financial job responsibilities, Rich regularly contributes to the development of Fi-Tek’s HedgeTek partner allocation system, and facilitates the implementation of the system at large users. Rich is also responsible for Fi-Tek’s SAS 70.
Rich is a member of the AICPA and New Jersey Society of CPAS. He has an MBA in Finance also from Fairleigh Dickenson University.
After five years in the oil industry performing logistics, economic supply, and hedging risk analysis, Ramsey transferred his risk and financial analysis skills to the finance and technology industry. He managed the crude oil swap and cap book for Chase Investment Bank in London, and in New York provided clients with strategies and trade ideas to help manage their ongoing risk through the use of swaps, caps, and other financial instruments. He also priced and structured commodity financial transactions. As Vice President, Fixed Income Derivatives at Bear Stearns, he engineered and marketed sophisticated financial products to leading financial institutions to help them manage asset/liability risk and enhance return.
In 1996, Ramsey founded his own technology company, which specialized in bringing the power of the then newly emerging internet and e-commerce technologies to a variety of business solutions. He was one of the first to utilize state of the art VPN and Internet collaboration tools to create a virtual development and implementation team that could interact from remote locations. From 1998 to 2000 Ramsey acted as chief systems architect on Fi-Tek’s Trust/Rite efforts. His technology, planning, and risk skills enabled this complex project to be successfully completed in record time.
In 2006, Ramsey switched from consultant to full time Managing Director and Chief Technology Officer for Fi-Tek, with responsibilities that include: the managed hosting infrastructure for the TrustPortal trust accounting, investment management, trading, and client reporting solution; risk, policy & procedures, and compliance; and assisting the senior team in systems architecture strategy. He also is responsible for Fi-Tek support for clients with their own IT issues.
Ramsey received his MBA from Cornell University’s Johnson Graduate School of Management, and his BS in Mechanical Engineering, With Honors, from University of Missouri.
After serving as an officer in the U.S. Air Force, Tony spent several years as a bank loan officer, and five years in corporate finance at W.R Grace, where he specialized in acquisitions and the subsequent analysis and control of the new business.
Tony then spent 14 years at Chase, starting as Vice President for Planning and Financial Management in Corporate Operations & Systems (Institutional Trust, Treasury, and Custody), before becoming Vice President for Finance in the Cash Management Group, both positions requiring a close relationship with the operations and systems functions, including their risk, compliance, systems, project management, and reengineering tasks.
As Financial Executive, and later Product Management Executive, of the Institutional Trust Group, he drove the formulation and implementation of the strategic repositioning of the Group. This included key strategic programs using technology and process changes to provide better customer service, and to support new products, emerging markets, and new customer needs, while, at the same time, managing risk, complying with proper policies and procedures, and decreasing unit costs.
Tony then spent several years as Business, Financial Planning and MIS Executive for the Global Petroleum Group and as Manager for Profitability MIS for the Global Investors Services Group. The latter assignment included working closely with, and securing the active cooperation of, operations & systems managers worldwide, to develop accurate matching of an expense base of over $500MM to individual customer, market segment, product, and business line revenues.
In 1999, Tony joined TransCom International (now Fi-Tek) and its President, Subir Chatterjee, with whom he had worked closely over the years at Chase. He is a Managing Director, and has concentrated on relationship management with premier customers and vendors, new product and business initiatives, compliance and controls, and human resources.
Tony received his MBA in Finance and MA in International Relations & Economics from The Wharton School of the University of Pennsylvania, and his BA With Honors from Lehigh University. He is also a Distinguished Graduate of the United States Air Force Officers Training School.
David started his banking career with Wilmington Trust Company in 1983 as a Fund Accountant and left in 1985 to join E.F. Hutton Trust Company as Manager of Trust Operations.
In 1987 he was hired by PaineWebber to be a founding member of their start-up trust company, PaineWebber Trust Company (PWTC) in Weehawken, NJ. David was brought in to assist with the development of the collective trust fund (CTF) product and to manage the trust operations. David’s operational responsibilities included hiring, new account set-up and documentation review, benefit payment services and remittance of client statements, fee invoices and trade confirmations. David also designed a PC database application for processing the collective trust fund admissions and withdrawals.
In 1989, David was promoted to Vice President and became the Fund Manager for both the Money Market and GIC CTF portfolios. By 1994 PWTC’s CTF product had grown from zero to just under 1,000 accounts and 3 billion dollars under management. In late 1994 David transitioned the internal investment management from PWTC to Mitchell Hutchins, a PaineWebber affiliate. David’s responsibilities included due diligence for the CTF program and monitoring investment performance for the external fund managers. He provided monthly reporting on the collective trust funds to the investment committee, client service team and PaineWebber’s retail sales force.
David is a member of the First State Trust Company Investment Committee and the Fiduciary Steering Committee. He attended the University of Delaware in Newark, DE where his major was Computer Science.
Megan began her career as a fund accountant at SEI Investments. During her five years at SEI, Megan was quickly promoted from fund accountant to supervisor and then manager. As Fund Accounting Manager, Megan managed 15 fund accountants and oversaw the daily operations of over 90 mutual funds. Her responsibilities ranged from trade input, cash settlement and daily NAV calculation to expense budgeting and financial statement and prospectus preparation.
In 2002, Megan left SEI Investments for a position as a Team Leader in the Custody Operations department at BlackRock Financial Management where she handled the daily cash and trading activities for over 40 portfolios. Megan interacted with multiple brokers and banks on a daily basis to resolve issues with trade and cash settlement.
Megan is a member of the First State Trust Company Investment Committee and the Fiduciary Steering Committee. She also serves as Secretary for the Board of Directors. Megan graduated from Saint Joseph’s University with a BS in Finance.
