Chicago-based broker-dealer Phillip Capital has appointed David DeMarco as securities lending trade manager.
Based in the firm’s headquarters, DeMarco will report to William Webber, vice president of securities operations.
He joins Phillip Capital from Stonewain Systems where he was a senior business analyst from 2021.
Prior to this, DeMarco worked at BMO Global Asset Management from 2005 to 2021. He held a number of positions within the asset manager, most recently as senior fixed income and equity securities lending trader.