CHICAGO, April 5, 2017 /PRNewswire/ -- Rosenthal Collins Group LLC (RCG®), a leading independent futures clearing firm, announced today the appointment of Cary W. Musser as Head of Strategic Asset Management, a new role within the firm. Musser joined RCG this week with 30 years of investment and security lending experience, most recently at Wells Fargo Asset Management.
In the new position, Musser will oversee the day-to-day investment management of the firm's assets and customer segregated funds.
RCG Executive Vice President and Chief Financial Officer Jason Manumaleuna said: "We are ecstatic to have someone of Cary's caliber and experience fill this important new role for us as we continue our long-term growth strategy. Starting a few years ago, RCG was the first futures brokerage and clearing firm to share on its website every day how it manages its customer segregated funds. This process and the transparency that we have put in place are at the heart of our bond with our clients; we know Cary is exactly the right professional to meet our standards of excellence on this front while helping to guide the investments of the firm's assets."
Musser said: "The tradition, reputation and risk-averse profile of RCG, along with the vision of its leadership, were instrumental in my decision to embrace this opportunity and be part of such a high-caliber team."
Prior to joining RCG, Musser served for nearly seven years as Client Relations Director – Balance Sheet Asset Management Team in Chicago for Wells Fargo Asset Management. He previously was Chief Investment Officer & Treasurer for R.J. O'Brien & Associates from 2007 to 2010. From 1995 to 2007, he was Managing Partner and Senior Portfolio Manager for Horizon Cash Management, LLC in Chicago and then Senior Relationship Manager for David Vaughan Investments, Inc. in Peoria, Ill. Musser began his career on the floor of the Chicago Mercantile Exchange as an Arbitrage Clerk for Drexel Burnham Lambert before joining Continental Bank, where he spent eight combined years as a Security Lending Trader, Fixed Income Analyst and Associate Portfolio Manager on the Short-Term Asset Management Team.
Musser earned a Bachelor of Business Administration degree from the Illinois Institute of Technology and an MBA, with a concentration in finance and international business, from DePaul University's Kellstadt Graduate School of Business.
With more than 90 years of experience in the futures industry, Rosenthal Collins Group is one of the world's leading regulated Futures Commission Merchants (FCMs) offering trading execution, clearing, brokerage, managed futures services and a full range of electronic trading services to institutional, commercial, professional and retail customers around the globe. The firm has developed its own electronic trading platform, RCG Onyx Plus®, tailored to the needs of its clients. RCG holds clearing memberships on all principal U.S. futures exchanges and has access to world futures markets through a network of correspondent relationships. RCG has over 35,000 active accounts and more than 150 correspondent brokerage relationships. Further information about Rosenthal Collins Group can be found at www.RCGdirect.com.
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SOURCE Rosenthal Collins Group