He makes the move from TD Prime Services where had he served as vice president, securities lending, since January 2017.
At Curvature, Waldman will work alongside Edwin Connelly and Karen Destefani, both of whom joined when the equity financing business was added to the platform in April 2019.
Curvature’s equities counterparties are all broker-dealers, with trades booked on an overnight basis, the firm says. All transactions are categorised as riskless-principal.
A spokesperson for the Curvature tells SLT that it is committed to continuing the expansion of its team and equities business going forward.
Curvature was founded in 2014 by Terry Pigott, who serves as CEO alongside chief compliance officer Todd Pigott and Michael Bodner, the firm’s president.
At its launch, Curvature's sole business was repo financing in US government securities, before equities financing was added.
The firm’s mission statement describes its aim as being a dedicated broker-dealer serving as a “conduit between the inter-dealer securities finance market and clients who have limited access to securities finance”.
“Unlike many other banks and broker-dealers, we provide clients access to securities financing with reliable availability of balance sheet,” the firm states.
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