J.P. Morgan enhances US/EU securities lending and collateral teams
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J.P. Morgan enhances US/EU securities lending and collateral teams 18 November 2020Luxembourg Reporter: Drew Nicol
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J.P. Morgan has bolstered its US and EU securities lending and collateral services teams with three new hires.
Karima Taouche has joined the securities lending relationship management team in Luxembourg where she is responsible for J.P. Morgan’s key European client mandates across both agency lending and alternative finance.
Taouche brings a wealth of experience across the securities finance industry, having established key relationships with hedge funds, agent lenders, prime brokers and institutional clients, the bank says.
Her career to date includes 15 years with Goldman Sachs, ending in 2014, where she mostly focused on delta one trading and equity finance in European markets.
Meanwhile, in London, Zoe Balkwell will be joining J.P. Morgan’s Europe, the Middle East and Africa (EMEA) agency trading team at the end of November.
Balkwell is making the move after a three-year stint as a securities finance trader with State Street and will be responsible for cross-asset trading as well as partnering with J.P. Morgan’s quantitative research and analytics teams.
She will report to Marcus Rudler, head of EMEA agency lending trading at JPMorgan Chase.
Finally, Michael Calandra has joined J.P. Morgan’s collateral services business in the Americas, based in New York. Calandra is focusing his efforts on strategic initiatives and organic business growth.
Calandra joins from BNY Mellon where he served as vice president, global client management, with a focus on banks and broker-dealers, from 2017 until October.
The hires were confirmed alongside news that the bank is committed to opening a new agency lending desk in Tokyo next month, which will be led by Kasumi Shibano.
As Japan's new head of agency securities lending trading, Shibano will report to Simone Broadfield, head of agency securities lending trading for Asia Pacific, who is based in J.P. Morgan’s Hong Kong office.
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