Sourcing the single-system solution

Nicholas Silitch is a rarity in the financial world in having worked at the same institution for his entire career. An economics alumnus of Colby College in Maine in the US, he began his career at the Bank of New York (BoNY) in 1983, and was most recently given the role of overseeing its Basel project office in May 2004. In 2001, Silitch began running BoNY’s portfolio management division, charged with implementing a new ratings system and economic capital model to monitor the bank’s portfoli