| |
Warrenville, IL, January 20, 2011 – Balance Sheet Solutions, LLC, is pleased to announce the hiring of the staff of the Financial Solutions Group, formerly a department of Western Bridge Corporate FCU. The eight individuals, led by David Scott, Senior Interest Rate Risk Consultant & Office Manager will remain in their current location in San Dimas, CA.
“This addition complements our strategies and services in the balance sheet risk management arena,” states Jim Toliver, President. “There is little doubt that the role risk management will play within the credit union industry is sure to grow. The skill sets are a unique niche and the best tools are expensive. With the expertise in complex modeling, both team and tools, this group allows Balance Sheet Solutions to expand our infrastructure and range of ALM services to better meet the needs of credit unions for the foreseeable future. This added depth is very well complemented by the ALM team in Albany, New York and gives Balance Sheet Solutions a coast to coast footprint keeping us closer to our credit union clients. We are very lucky to have the opportunity to add the talents of these 8 individuals to our team.”
Balance Sheet Solutions was one of several organizations considered to fill this role when the decision was made by Western Bridge Corporate FCU to discontinue the Financial Solutions Group. Balance Sheet Solutions was chosen because its approach and philosophies provide the greatest synergy for the credit union clients.
According to Mr. Scott, the transition from Western Bridge to Balance Sheet Solutions has been a smooth one. Scott and the staff of the Financial Solutions Group have been busy introducing Balance Sheet Solutions to their existing clients and planning for the future. “We are very excited to be able to continue serving our credit union clients” Scott added, “and to offer them the new opportunities that Balance Sheet Solutions is bringing to our markets.” The San Dimas office currently serves the balance sheet risk management and consulting needs of 150 credit unions.
About Balance Sheet Solutions, LLC:
Balance Sheet Solutions, LLC is a Securities and Exchange Commission (SEC) registered broker-dealer and investment advisor and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Balance Sheet Solutions serves over 300 credit unions through its broker/dealer services and has client relationships with over 250 credit unions through its investment advisory and reporting services.
|
