Derrell Hendrix

Derrell, CEO of RFPS, has developed a unique profile in the complex financial risk financing market, working with major insurance and reinsurance companies, corporations and regulators. Prior to RFPS, Derrell was Manager of The RISConsulting Group LLC (since 1996), as well as the CEO of Karson Management (Bermuda) Limited, which he founded in 2007. Through his work at Karson and at RISConsulting (which was co-founded with Hannover Re and Rabobank), Derrell has fostered the development of a number of important market innovations and participated in approaching $20 billion in cash and risk financing transactions. Prior to RISConsulting, Derrell spent 18 years with Citicorp/Citibank in Canada, Hong Kong and London, where he held senior positions in relationship management, fixed income trading and sales, equity derivatives and new business/new product development (e.g., European equity and FX warrants, European equity derivatives, and aircraft and insurance derivatives, where he concluded the first ever catastrophe bond transaction for Hannover Re in 1994). Prior to founding RISConsulting, Derrell spent one year at BankBoston as Head of Derivatives Trading and Sales. Derrell served as a member of the Board of Directors of Converium AG from its launch in 2001 until its acquisition by SCOR in 2007. Among Derrell’s notable achievements were the establishment of RISConsulting as the market leader in structuring and arranging aircraft contingent liability portfolio risk insurance transactions and helping Karson achieve a leadership position as an independent provider of excess reserve and capital financing for US life companies (e.g., Reg. XXX and AXXX and stable value business).

Derrell received a B.A. (Magna cum Laude) from Amherst College and an M.A. from the Fletcher School of Law and Diplomacy.

Richard Black

Richard is the CFO and a Director of RFPS and is responsible for the treasury, accounting and financial planning functions of the company. Since coming to Bermuda in 1981, Richard has held various senior positions at AIG, Pinnacle Re, Centre Re, Stockton Re and Wind River Re. Richard is also a Director of various other Bermuda companies, including The Shipowners Insurance & Guaranty Company, affiliates of Thomas Miller and affiliates of Macquarie Bank.

Richard is a member of the Institute of Chartered Accountants in England & Wales.

Jeffrey Tretin

Jeffrey joined RISC in 2006 and currently serves as General Counsel for RISC and RFPS. Jeffrey had worked as a tax practitioner at law firms in New York.  He joined The Continental Insurance Company as domestic tax counsel in 1987 and served as a Senior Manager and Director of the Insurance Tax consulting practices at Ernst & Young and PWC from 1994 through 1998.  He joined Converium in 1998 as Senior Vice President/Underwriting in the Risk Strategies Division.

Jeffrey is a graduate of Brandeis University and received his JD from The Columbia University School of Law and his LLM in Taxation from the New York University School of Law.

John I. Williams, Jr.

John is Director and Vice President of RFPS Limited.  He has extensive experience in service delivery as a banker, senior financial services executive and consultant.  He was a VP/Group Head at Chemical Bank’s Operations Division.  He went on to hold several senior positions at American Express, including SVP of Strategic Planning, VP of Platinum Card (US), SVP of Marketing Information Services, and SVP/GM of the Consumer Travel Network.  He led a re-positioning of the Platinum Card, where he created a number of new, innovative service features that led to accelerated growth for the product.  He restructured the Consumer Travel Network, leading to a quintupling in operating income over three years.  He has served as CEO of three startup ventures. as a partner in the Bridgespan Group, a strategy consulting firm, and as president of Muhlenberg College (PA).  John is a director of Karson (Bermuda) and Linear Air, Inc.  In addition, John is a Life Trustee of Amherst College and serves as a trustee of Kent School (Kent, CT) and Walnut Hill School for the Arts (Natick, MA).

John earned a BA, magna cum laude, in Economics from Amherst College.  He holds an MBA from Harvard Business School and a JD from Harvard Law School

In addition, we employ the services of expert consulting firms:

Pierpoint Financial Consulting – Roy Zimmerhansl 

Roy joined RFPS having held senior positions in the securities finance markets for over 30 years, most recently as global head of securities lending at HSBC. Roy has had the benefit of participating in securities financing markets for a number of leading firms including agent lenders, running a prime brokerage business, establishing a collateral trading business, creating an electronic trading platform, acting as a product specialist for a Fintech firm and providing consulting services to banks and institutional investors.  Additionally, Roy has been an educator on securities finance markets through his work at FinTuition.

Roy has been a member of key industry groups including stints as vice-chair of the International Securities Lending Association, as a member of the Bank of England Securities Lending and Repo Committee and as a board director of the Pan Asia Securities Lending Association.