New York– August 22, 2016 – Street Diligence, the leading provider of fixed income data and analysis, today announced the appointment of Derek Petillo to the role of Director of Engineering. Petillo will be responsible for leading Street Diligence’s technology group to ensure continuous innovation, growth and scalability.
“Street Diligence is quickly becoming one of the most sought-after tools in the market today, especially for investment professionals who are focused on credit,” said Derek Petillo. “I am excited to join this extraordinary team, all of whom are focused on turning the company’s bold vision into reality.”
Petillo has over a decade of software engineering experience in finance. Before joining Street Diligence, he was an engineering lead for the software infrastructure underlying Eikon at Thomson Reuters. Previously, Petillo was the lead architect for the mortgage sales platform at Bank of America. Petillo began his career as an engineer at Computer Associates and, following that, worked on fixed income products at Reich & Tang. He graduated with a B.S.E. in Computer Science from Stony Brook University.
“We are very pleased to announce the addition of Derek as our lead on technology development. Derek brings years of software development expertise to our team and has the experience of growing and developing innovative, stable and secure solutions for institutional financial services clients,” says Stephen Hazelton, Founder and CEO. “We are thrilled to have Derek on board as we look to scale our technology and build out our development team,” he added.
About Street Diligence
Street Diligence’s bank loan and high yield bond platform makes negotiating and analyzing credit agreements, indentures and their amendments much more effective. Coverage focuses on revolvers, term loans and corporate bonds in the U.S., and its system breaks down key covenant terms and conditions, allowing the investment professional to digest and negotiate them more effectively.
Street Diligence was founded in 2012 by former hedge fund portfolio managers and analysts to identify and negotiate away off-market terms, in addition to taking the frustration and tedium out of due diligence. The company is headquartered in New York, with offices in Boston.
For more information, please visit: www.streetdiligence.com