Tamesis hires derivatives veteran Benson

Tamesis, the London-based supplier of risk management and trading solutions to investment banks, has hired derivatives veteran Robert Benson as a board director.

Benson spent the last 13 years at HSBC where, among other things, he set up an equity derivatives trading operation, was responsible for global FX options and served as head of its specialised derivatives group.

At Tamesis, he will work with senior management to guide current operations, with specific emphasis on the overall development strategy and positioning of Tamesis products.

Last month, Tamesis launched its flagship product, Tamesis Risk Informer, which gives users a 'near time' view of risk, and profit and loss across all positions across different product desks. Tamesis claims the system provides visibility and transparency for both credit and market risk. This supports trading activities across the desks and provides trading managers with a better understanding of their traders' strategies.

With an entry in the Who's Who in Finance and Industry directories, Benson has also contributed articles to RiskNews’ sister publication, Risk. He is also an adviser to the Centre for Quantitative Finance at Imperial College, University of London.

"Robert is one of the most respected people in the industry, and has an outstanding track record. Our customers face a number of key strategic challenges in the coming years. Robert's expertise will ensure that Tamesis continues to deliver smart, innovative solutions that enable our clients to meet these challenges," claimed James Tomlin, Tamesis chief executive.