FAIRFAX, USA: Headstrong, a global consultancy, announced the hiring of Noreen Iles and other key former leaders of Freddie Mac's specialised Technology Solutions Unit (TSU).

The assimilation of a number of the TSU's Eagle Investment and Misys Summit Debt & Derivative systems delivery team enhances Headstrong's strategy of building Platform Centers of Excellence (P-CoE) in key financial software instruments to meet high market demand for domain-focussed capabilities.

The acquisition adds depth, expertise and new services, particularly in Eagle and Summit software solutions, to Headstrong, while building upon the company's capability in providing end-to-end solutions to financial services clients.

In particular, it reinforces the company's talent pool by adding more than 40 differentiated experts in investment accounting portfolio and debt and derivatives portfolio systems implementations.

Arjun Malhotra, Chairman and CEO of Headstrong. said: "Noreen and her team are a great fit with Headstrong's focus on financial services and platform centers of excellence. They will strengthen the current P-CoE to cater to all front, middle and back office applications. Headstrong's focus has been on providing domain-led IT services to capital markets and today we are recognised as one of the key players in this area."

"Our growth related investments will continue to focus on building our expertise and domain differentiators," Malhotra added.

The TSU's proven expertise in the Eagle investment system, the Summit debt & derivative system, Pega Systems and automated underwriting capabilities for mortgage processes, combined with Headstrong's solid financial services consulting practice, will provide customers with the leading technology and services available in the market today.

Source: Business Wire