RORY ZIRPOLO JOINS EQUILEND
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NEW YORK (May 29, 2018)—Securities finance industry veteran Rory Zirpolo has joined EquiLend’s business development team focusing on post-trade services in the Americas. He is based in New York and starts immediately.
Zirpolo has more than 30 years of experience in the securities finance industry on both the buy and sell side. Most recently, he was a managing director at institutional brokerage firm WallachBeth Capital. Previously, he held management positions in the securities finance businesses of Cantor Fitzgerald, Cowen, Kellner DiLeo and Credit Suisse. He is also a former board member of EquiLend.
Brian Lamb, CEO of EquiLend, says: “We are very excited to have Rory join the EquiLend post-trade team. His expertise in all aspects of the securities finance industry, and his knowledge of EquiLend’s services as both a user and a former board member, are great assets to the firm and will help us to continue extending operational efficiencies throughout the market.”
Lamb continues: “Our one-stop-shop service allows firms to conduct all of their trading and post-trade activity in one place, resulting in considerable cost and operational efficiencies. Not only that, our Post-Trade Suite comes at no extra cost for EquiLend Trading (NGT) clients. Why pay for post-trade when you can have it for free?”
Zirpolo says: “I have been a long-time user and advocate of EquiLend’s trading, post-trade and market data services, which are second to none in the securities finance industry. I am thrilled to join EquiLend and contribute to its best-in-class Post-Trade Suite.”
EquiLend has invested heavily in its Post-Trade Suite in recent years. EquiLend’s comparison services—including Unified Comparison, Mark-to-Market Comparison and Dividend Comparison—facilitate streamlined reconciliations across activities. EquiLend Billing enables firms to create, distribute and reconcile bills seamlessly. Returns & Recalls services provide an efficient, automated way for borrowers and lenders to send return or recall notifications. Tri-Party Connectivity allows collateral providers and receivers to agree required values (RQVs) and send the agreed-upon figures to the tri-party agent. ALD and SFTR services allow firms to both meet regulatory requirements and generate operational efficiencies.
EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is owned by BlackRock, Credit Suisse, Goldman Sachs, JP Morgan, JP Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.
Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry. DataLend provides performance reporting and aggregated, anonymized, cleansed and standardized securities finance data covering all asset classes, regions and markets globally. EquiLend Clearing Services operates the ECS Middle Office and the ECS Gateway, which offer CCP services and connectivity. www.equilend.com