FIS, a prominent global leader in financial services technology, has recently announced the appointment of Paul Besignano as the new head of its securities lending vertical. Besignano will be joining the sales growth office within the capital markets team, bringing with him over two decades of experience in the securities lending industry.
Prior to joining FIS, Besignano held the distinguished position of managing director and global head of lending at BMO Capital Markets, where he played a pivotal role in leading all front office trading activities for the global securities lending business. With 13 years of dedicated service at BMO Capital Markets, Besignano’s expertise in managing supply and demand within the securities lending sector is truly commendable. His prior experience at Paloma Securities London also provided him with valuable insights into the intricacies of the global trading model.
One of Besignano’s notable achievements includes the development of a proprietary global securities lending platform for international and North American trading, which has significantly contributed to the advancement of the securities lending industry. With such an impressive track record, it comes as no surprise that his appointment has been met with great enthusiasm from industry professionals.
In a statement on LinkedIn, John Needham, managing director of the global sales growth office, expressed his confidence in Besignano’s ability to drive the growth of FIS’ Securities Finance business. Needham highlighted Besignano’s extensive experience as a key factor in positioning him to make an immediate impact on the company’s strategic objectives.
The appointment of Besignano underscores FIS’ commitment to leveraging top talent to further strengthen its position in the securities lending vertical. As the demand for securities lending services continues to grow, having a seasoned professional like Besignano at the helm is a strategic move that is sure to yield positive results for FIS and its clients.
In conclusion, the addition of Paul Besignano to FIS represents a significant milestone for the company’s securities lending vertical. With his wealth of experience and proven leadership abilities, Besignano is poised to drive innovation and growth within the securities lending sector, reaffirming FIS’ position as a leading player in the financial services technology landscape.