State Street’s Wilson takes on collateral role 01 April 2021UK Reporter: Drew Nicol
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State Street’s collateral and funding business has gained Darren Wilson from State Street Advisors, the bank’s investment management division.
Based in London, Wilson spent the past two years as part of the cash and liquidity sales for Europe, the Middle East and Africa.
He will now be responsible for distributing collateral, peer-to-peer (P2P) and cleared financing solutions.
This will centre on the bank’s Collateral+ product suite and the Direct Access Lending platform which offers a managed P2P trading platform.
Wilson will report to Staffan Ahlner, global head of collateral, who says Wilson’s “extensive knowledge of the cash market, buy side and corporate treasury segments is instrumental in driving our Collateral+ strategy forward”.
Wilson also brings experience from a stint with Bupa where he held senior roles in asset management and treasury.
The collateral and funding team's growth comes shortly after the Collateral+ suite added a major string to its bow with the addition of triparty collateral service for buy side clients.
In the adjacent financing vertical, the bank also expanded its P2P services with a new repo marketplace.
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