14 March 2017
London
Reporter: Drew Nicol
J.P. Morgan reshuffles asset custody team
J.P. Morgan has revamped its asset custody and agent lending desks with new talent.

Patrick Moisy will assume a newly-created role as head of custody and fund services (CFS), liquidity and trading services globally.

He will be responsible for risk activities within CFS, including agent lending, depository receipts, liquidity and collateral management.

Moisy will report to Teresa Heitsenrether, head of custody and fund services.

Heitsenrether said: “Patrick Moisy is uniquely suited for this new role, with more than two decades of trading risk experience across asset classes.”

“He also has spent the past two years optimising capital and funding across investor services and equities globally.”

BNP Paribas’s David Raccat will join Moisy’s team in April as global head of CFS liquidity and foreign exchange (FX).

He will manage CFS client cash positions, with a primary focus on optimising on-balance sheet liquidity, and will be responsible for the CFS FX product.

Raccat moves to J.P. Morgan after 16 years at BNP Paribas, where he is currently ending his tenure as global head of markets services and head of Asia Pacific markets and financing services.

He will be relocating to London from Singapore for his new role. Other members of the CFS team include Stefano Bellani, who will continue as global head of trading services, with responsibility for the bank’s agent lending and depository receipts businesses globally. Michael Albanese remains as global head of collateral management, including securities and derivatives collateral management, while Robert Schwartz will continue as head of cross-line of business for off-balance sheet cash and liquidity markets product.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
MiFID II data security paramount, warns Silverfinch
28 June 2017 | London | Reporter: Theo Andrew
Data sent to regulators as part of the second Markets in Financial Instruments Directive (MiFID II) reporting requirements must be sent and managed securely, said regulatory data exchange Silverfinch
Banque de France to trial PSPP sec lending auction
28 June 2017 | Paris | Reporter: Drew Nicol
Trial auctions will be open at least one month to all eligible counterparties that signed the relevant contracts.
Collateral liquidity drought driving buy-side to CCPs, survey reveals
27 June 2017 | New York | Reporter: Drew Nicol
The report also highlighted that the “classic concerns” associated with use of CCPs still endure
Vontobel choses Clearstream for hedge funds business
27 June 2017 | Frankfurt | Reporter: Drew Nicol
Vontobel is set to become a user of Clearstream Banking’s investment funds processing infrastructure for its third-party hedge fund processing activities
GPP joins with Edgefolio for prime services
26 June 2017 | London | Reporter: Drew Nicol
GPP has partnered with Edgefolio to provide a capital introduction service to its prime brokerage clients
China’s bond market opened through Tradeweb
26 June 2017 | New York | Reporter: Drew Nicol
Northbound trading will begin in the initial phase, meaning overseas investors will be able to invest in the China inter-bank bond market
Former ITG sec lending trader banned for ADR misuse
23 June 2017 | Washington DC | Reporter: Drew Nicol
The charges follow ITG’s settlement in January when the broker-dealer agreed to pay more than $24.4 million over allegations of securities lending violations relating to the facilitation of naked short selling