Chicago-based financial solutions firm Sky Road announced Wednesday that it has expanded its presence in the U.S.
Sky Road said in a statement that the firm has opened an office in New York City and has also increased its staff by 32%, who will all work out of the new location. As part of the opening, industry veteran Richard Itri was hired to head the new office and serve as Principal.
With over 15 years of IT experience under his belt, Itri worked at various hedge fund firms in senior technology roles including Arbalet Capital Management, Arrowhawk Capital Group and HSBC’s Alternative Funds Services group.
Sky Road founder and president Dr. John E. Borse explained that New York “is key to [the firm’s] long-term growth strategy.”
Launched in 2005, Sky Road develops trading and risk solutions for a broad range of clients including hedge funds, proprietary trading firms, asset managers and buy-side service providers.