WTP Advisors Hires Ilicia Silverman for Capital Markets Practice

WHITE PLAINS, N.Y., Oct. 3, 2011 /PRNewswire/ -- WTP Advisors has announced that Ilicia Silverman, a noted figure in the hedge fund industry, has joined its Capital Markets practice.  Silverman was most recently a Vice President at Credit Suisse where she served as a senior member of the Prime Consulting team within Prime Services, providing best practice consulting, assisting startups, spinouts and existing clients to build out all aspects of their operational infrastructure.

Silverman now heads business development efforts for WTP Capital Markets. 

"Ilicia has a stellar reputation for helping hedge funds and firms in the alternative asset management community run their businesses better. We are excited to have her join the WTP family and help us grow our reputation as a global leader in this space," says Lou Sala, CEO of WTP Capital Markets.

WTP Capital Markets provides operational support, and tailored solutions for hedge funds in start-up, transition and growth phases. Seasoned industry veterans at WTP help clients improve their operations through a full suite of CFO and COO services. Service offerings include full third party service provider assessment and selection, including fund administration and prime brokerage platforms, interim back and middle office staffing, and business process reengineering.

"There is a growing need for business experts who can manage the operations side of investment funds. By providing back and middle office infrastructure, WTP Capital Markets lets hedge fund managers focus on trading," says Sala.

Silverman has been in the financial industry for 18 years, with extensive experience helping hedge funds understand what it takes to succeed in any economic climate, and how to create a business that will survive the ups and downs of the marketplace.  She says she was drawn to WTP Capital Markets because of the pedigree of its people, as well as the huge potential for growth, based on the demand in the marketplace that WTP supplies.

"WTP Capital Markets has the most comprehensive offering on the street. Very few firms go to the depth and extent and partner with the client the way WTP will, since improving hedge fund operations is its core business," says Silverman; "WTP Capital Markets can impact the bottom line in a more meaningful way since it offers a wider breadth of service that will help implement cost efficiency."

About Ilicia Silverman

Ilicia Silverman is an expert in assisting startups, spin outs and existing hedge funds build out their operational infrastructure. She was most recently a Vice President at Credit Suisse in the Investment Banking Division and member of the Prime Consulting team within Prime Services.   Ilicia also has experience in financial software, working as a Senior Sales Executive with SunGard focusing on portfolio accounting and partnership allocation/investor accounting systems for hedge funds and administrators. She has served as a Business Development Manager with Global Investment Systems and as a Sales Executive with Financial Models Company.  Prior to that, Ilicia was a Financial Consultant with Merrill Lynch and an Assistant Vice President with Cantor Fitzgerald in Government Securities Brokerage.

Ilicia holds a BA in Political Science from Trinity College in Hartford, CT. She is a member of the Board of Directors for Henry Street Settlement.

WTP Advisors is a leader in tax and business advisory services for a global marketplace. Our highly skilled professionals equipped with years of industry experience, coupled with our cutting-edge technologies, make substantive and long-term differences to an organization's profitability. WTP Advisors is headquartered in White Plains, NY, with offices across North America, Asia and Europe.

SOURCE WTP Advisors

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