Key Takeaways
- • Verition Fund Management has appointed Christian Rasmussen as head of fixed income finance, expanding leadership in a core strategy area for the $13 billion multi-strategy hedge fund.
- • Rasmussen brings nearly 14 years of UBS experience, including co-global head of Group Treasury repo and leadership of a global repo trading team that grew the sponsored repo program to $20 billion in client balances.
- • Prior to joining Verition, Rasmussen consulted for Broadridge on intraday repo and generative AI tooling for secured finance, and advised Scotiabank on SEC US Treasury clearing rule implementation.
- • Rasmussen represented UBS on the Alternative Reference Rates Committee (ARRC) during the critical LIBOR-to-SOFR transition, demonstrating deep expertise in fixed income market infrastructure.
Summary
Verition Fund Management, the $13 billion multi-strategy hedge fund founded in 2008, has hired Christian Rasmussen as head of fixed income finance. The appointment signals the firm's continued focus on building specialized expertise across its macro, long-short, and quantitative strategies.
Rasmussen's background positions him as a seasoned fixed income and secured financing professional. During nearly 14 years at UBS, he held senior roles including co-global head of Group Treasury repo and head of investments & execution for the Americas region. In these positions, he managed a global repo trading team and built UBS's sponsored repo program to $20 billion in client balances—a significant franchise within the bank's fixed income securities services. His tenure at UBS also included representation on the Alternative Reference Rates Committee (ARRC), where he contributed to the industry-wide transition from LIBOR to SOFR, a critical shift in fixed income market infrastructure completed in recent years.
Most recently, Rasmussen worked as a consultant, advising institutional clients on secured finance modernization. He advised Broadridge on intraday repo capabilities and generative AI tooling for secured finance operations, and provided implementation planning support to Scotiabank regarding the SEC's US Treasury clearing rule—a regulatory initiative affecting how Treasury market participants manage clearing and settlement.
The hire reflects Verition's strategic emphasis on fixed income capabilities within its multi-manager framework. Rasmussen's expertise in repo markets, Treasury operations, and regulatory transitions aligns with the firm's operational and portfolio management needs as fixed income markets continue to evolve under new regulatory frameworks and technological innovation.
Rasmussen's background positions him as a seasoned fixed income and secured financing professional. During nearly 14 years at UBS, he held senior roles including co-global head of Group Treasury repo and head of investments & execution for the Americas region. In these positions, he managed a global repo trading team and built UBS's sponsored repo program to $20 billion in client balances—a significant franchise within the bank's fixed income securities services. His tenure at UBS also included representation on the Alternative Reference Rates Committee (ARRC), where he contributed to the industry-wide transition from LIBOR to SOFR, a critical shift in fixed income market infrastructure completed in recent years.
Most recently, Rasmussen worked as a consultant, advising institutional clients on secured finance modernization. He advised Broadridge on intraday repo capabilities and generative AI tooling for secured finance operations, and provided implementation planning support to Scotiabank regarding the SEC's US Treasury clearing rule—a regulatory initiative affecting how Treasury market participants manage clearing and settlement.
The hire reflects Verition's strategic emphasis on fixed income capabilities within its multi-manager framework. Rasmussen's expertise in repo markets, Treasury operations, and regulatory transitions aligns with the firm's operational and portfolio management needs as fixed income markets continue to evolve under new regulatory frameworks and technological innovation.
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