FinOptSys welcomes DiMaggio to advisory board
10 October 2023 US
Image: FinOptSys
FinOptSys has appointed D.E. Shaw group鈥檚 Salvatore DiMaggio to its advisory board.
DiMaggio, senior vice president of D.E. Shaw and a member of the group鈥檚 treasury department, joins the board to accelerate FinOptSys鈥� solutions in global buy- and sell-side markets.
He will use his extensive experience across capital markets, including in collateral lending, liquidity and financial resources management, as well as securities lending and asset-backed securities repo.
DiMaggio joined D.E. Shaw in 2008 after a 25-year career at Bear Stearns, where he acted as senior managing director and global head of bank relations and business development.
At Bear Stearns, he managed the firm鈥檚 financing relationships with more than 100 banks in support of its trading activities in equity and fixed-income markets.
In addition, he led Bear Stearns鈥� efforts in issuing long-term debt in a number of markets and developed new business in structured products, loan syndications and financial transactions.
Commenting on the appointment, FinOptSys founder and CEO Divyesh Bhakta says: 鈥淯nderstanding our clients鈥� needs from a market practitioner鈥檚 standpoint has always been a core value for FinOptSys.
鈥淭hat is why we are thrilled to have an invaluable industry veteran like Salvatore join us on our journey. With our collective passion for empowering the securities financing ecosystem of stakeholders, we will continue to promote the adoption of our innovations to revolutionise the securities financing industry.鈥�
DiMaggio, senior vice president of D.E. Shaw and a member of the group鈥檚 treasury department, joins the board to accelerate FinOptSys鈥� solutions in global buy- and sell-side markets.
He will use his extensive experience across capital markets, including in collateral lending, liquidity and financial resources management, as well as securities lending and asset-backed securities repo.
DiMaggio joined D.E. Shaw in 2008 after a 25-year career at Bear Stearns, where he acted as senior managing director and global head of bank relations and business development.
At Bear Stearns, he managed the firm鈥檚 financing relationships with more than 100 banks in support of its trading activities in equity and fixed-income markets.
In addition, he led Bear Stearns鈥� efforts in issuing long-term debt in a number of markets and developed new business in structured products, loan syndications and financial transactions.
Commenting on the appointment, FinOptSys founder and CEO Divyesh Bhakta says: 鈥淯nderstanding our clients鈥� needs from a market practitioner鈥檚 standpoint has always been a core value for FinOptSys.
鈥淭hat is why we are thrilled to have an invaluable industry veteran like Salvatore join us on our journey. With our collective passion for empowering the securities financing ecosystem of stakeholders, we will continue to promote the adoption of our innovations to revolutionise the securities financing industry.鈥�
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