KENNETT SQUARE, Pa. & NAPLES, Fla.--(BUSINESS WIRE)--Chatham Financial, an independent risk management advisory and technology solutions provider, and Gyroscope Capital Management Group, an independent concentrated stock hedging advisor, have entered into an agreement that provides Chatham Financial’s bank and financial institution clients access to customized concentrated stock risk management services offered by Gyroscope Capital.
Under the terms of the agreement, Chatham Financial’s clients now have access to experienced advice and implementation for clients with concentrated stock risk via Gyroscope Capital.
Through its Financial Institutions Group, Chatham Financial works with FIs of all sizes to provide solutions in the areas of interest rate risk management, hedge accounting, and investment advisory – services that comprise a “Virtual Treasurer” suite for an institution’s finance team. The agreement with Gyroscope Capital adds a new solution for FIs’ retail clients: access to sophisticated concentrated stock hedging strategies.
“Traditionally, banks – especially mid-size, regional FIs – are not equipped to offer risk management analysis and answers for retail clients’ concentrated stock positions,” said Bob Newman, Managing Director of Chatham’s Financial Institutions Group. “Efficient stock risk management is possible via the use of customized options. Through this agreement with Gyroscope Capital, we now offer mid-size FIs access to these capabilities. In turn, regional and community banks will be able to offer sophisticated equity hedging solutions to their wealth management clients, while enhancing their stock-secured lending businesses.”
“This agreement provides a strong competitive advantage to Chatham’s financial institution clients by adding a new capacity - alternatives for retail clients’ concentrated stock risk,” said Michael Egan, President at Gyroscope Capital. “Chatham’s FI clients already enjoy world-class asset/liability, capital planning, and hedging solutions to manage their risks more efficiently. With access to Gyroscope Capital’s customized solutions, FIs will have confidence that their high-net worth clients will benefit from an additional resource.”
About Chatham Financial
Chatham Financial is a full-service financial risk management advisory services and technology solutions firm, serving clients in the areas of interest rate, foreign currency and commodity hedging, hedge accounting, regulatory compliance, and debt and derivatives valuations. Chatham serves over 1,200 companies annually, providing deep derivatives expertise, services, and technology solutions to its clients through a global team of risk management professionals, CPAs, analysts, and technology developers. To learn more about Chatham, please visit the Company’s website at www.ChathamFinancial.com.
About Gyroscope Capital
Gyroscope Capital Management Group is an SEC registered investment advisor which provides advice on customized hedging strategies to retail clients. Based in Naples, FL, Gyroscope Capital acts as sub-advisor to multiple independent broker-dealers and Registered Investment Advisors. To learn more about Gyroscope Capital, please visit the Company’s web site at www.gyroscopecapital.com.