The Company

RFPS Management (UK) Limited is a wholly owned subsidiary of RISC Financing Platform Solutions LLC (Delaware). The latter is the licensee of RISConsulting, which created RISCMTP-Notes.

For twenty-four years, RISConsulting has been designing and executing unique solutions to meet the complex risk and regulatory capital and reserve financing requirements of Fortune 500 corporations, banks and insurance companies.

Before founding RISConsulting in 1996, Derrell Hendrix and Hannover Re created the world’s first catastrophe bond, giving rise to a market that now exceeds $10B in annual volume. From there, RISConsulting became a leading advisor to international life and P&C insurance and reinsurance companies, equipment manufacturers and banks, including BAE, Rolls Royce, Saab, Zurich Re and Lincoln Financial, in many cases pioneering new financial products and solutions that have become multi-billion dollar global financial markets in their own right.

The firm’s forte is designing solutions for affiliated clients such as Karson Management and RFPS that facilitate financing at a risk-based (rather than inefficient market-based) price while receiving the stamp of approval from regulators where required. With its reputation for modeling and structuring, and sterling track record of successful transactions and regulatory approvals, RISConsulting is a potent resource for large institutions navigating new or evolving capital requirements in constantly shifting markets.

To date, RISConsulting has advised on or executed, either directly or via Karson Management, 36 transactions securing over $16 billion in financing and/or risk capacity for its clients. To the unique set of risk and capital financing markets that it helped pioneer, RISConsulting, this time via RFPS, now adds RISC Managed Treasury Pool Notes (RISCMTP-Notes), its simplest, most useful and broad-scale financial innovation to date.

The Team

Derrell Hendrix

Derrell is CEO of RFPS and has developed a unique profile in the complex financial risk financing market, working with major corporations, financial institutions and regulators. Prior to RFPS, Derrell was Manager of The RISConsulting Group LLC (which he co-founded with Hannover Re and Rabobank in 1996/97), as well as the CEO of Karson Management (Bermuda) Limited and its subsidiaries, which he founded in 2007. Prior to RISConsulting, Derrell spent 18 years with Citicorp/Citibank in Canada, Hong Kong and London, where he held senior positions in relationship management, fixed income trading and sales, equity derivatives and new business/new product development. Derrell spent one year at BankBoston as Head of Derivatives Trading and Sales. He created Citicorp’s European warrants, European equity derivatives and insurance derivatives businesses, where he concluded the first ever catastrophe bond transaction for Hannover Re in 1994. Derrell served as a member of the Board of Directors of Converium AG from its launch in 2001 until its acquisition by SCOR in 2007. Among Derrell’s notable achievements were the establishment of RISConsulting as the market leader in arranging and advising on aircraft contingent liability portfolio risk reinsurance transactions and helping to achieve a leadership position as an independent provider of excess reserve and capital financing for US life companies (e.g., for Reg. XXX, AXXX and stable value business).

Derrell received a B.A. (Magna cum Laude) from Amherst College and an M.A. from the Fletcher School of Law and Diplomacy.

Thomas Huertas

Thomas Huertas is Chair of RFPS. He has extensive experience in financial services as a banker, regulator, supervisor and consultant. He held a number of senior positions at Citigroup including Chairman and Chief Executive of Citibank AG (Germany). He also acted as Chairman and Chief Executive of Orbian plc, launching this supply-chain financing company into the market and then selling it to a private investor. In 2004, Tom joined the UK Financial Services Authority as Executive Director. During his seven years at the FSA, he played a leading role in the supervision of troubled banks and reform of regulation concerning capital, liquidity, resolution and remuneration. Concurrent with his duties at the FSA, Tom served as a member of the Basel Committee on Banking Supervision and as Alternate Chair of the European Banking Authority. In 2012, Tom joined EY as a partner in its Financial Services Risk Practice, where he chaired the firm’s Global Regulatory Network and advised major financial institutions. Currently Tom is Senior Fellow at the Center for Financial Studies at the Goethe University in Frankfurt and a non-executive director at Barclays Bank Europe.

Tom holds a Ph.D. in Economics from the University of Chicago and has published extensively on financial services.

Robert Tomicic

Robert is a veteran of the fixed income, alternative investment space with more than twenty years of experience in product development, technology innovation and operations. Robert is a former partner and co-founder of Virtus Partners LLC, a global, independent financial services and administration services firm. In the 13 years as the Head of Product Development and Strategy, Robert helped grow Virtus to over $300 Billion in AUA with offices in the US and Europe. Prior to launching Virtus Partners, Robert spent over 8 years at JP Morgan Chase within the Institutional Trust Division as Global Product Manager for the CDO line of business and as Global Structured Finance Analytics Manager.

Robert holds a degree in Economics from the University of Western Ontario, a Bachelor of Commerce from the University of Windsor Ontario and an MBA from Texas Tech University.

Roy Zimmerhansl

Roy joined RFPS as a consultant after thirty years occupying senior positions in the securities finance markets, most recently as Global Head of Securities Lending at HSBC. Roy has had the benefit of participating in securities financing markets for a number of leading firms including agent lenders, running a prime brokerage business, establishing a collateral trading business, creating an electronic trading platform, acting as a product specialist for a fintech firm and providing consulting services to banks and institutional investors.

Roy has been a member of key industry groups and served as Vice-Chair of the International Securities Lending Association, member of the Bank of England Securities Lending and Repo Committee and Board Director of the Pan Asia Securities Lending Association. Finally, Roy has been an educator on securities finance markets through his work at FinTuition.

RFPS Group Structure