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
Delta Capita acquires Appendium
27 April 2017 | London | Reporter: Mark Dugdale
Business and technology consultancy Delta Capita has acquired Appendium as it gears up to launch a securities finance utility later this year
Squawker launches equity finance platform
27 April 2017 | London | Reporter: Mark Dugdale
The new platform provides a central hub for European equity finance participants to bring the execution of their equity hedge trades on-exchange. Squawker said six investment banks are participating
Borrowers becoming increasingly picky
26 April 2017 | London | Reporter: Drew Nicol
Risk-weighted asset ratings under Basel III are dictating the attractiveness of lenders’ assets, heard attendees of the Finadium Investors in Securities Lending Conference in London
Tesla may finally break its shorting cycle
26 April 2017 | London | Reporter: Drew Nicol
Short sellers have been consistently closing positions, reducing their exposure to Tesla by some 16 percent, since 20 March
State Street taps Sporn for enhanced custody team
26 April 2017 | New York | Reporter: Drew Nicol
Sporn brings 15 years of securities lending experience to State Street’s enhanced custody team
New faces on DTCC board of directors
25 April 2017 | New York | Reporter: Stephanie Palmer
DTCC has appointed four new members to its board of directors
NEX Group pairs ENSO and RSRCHX for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive