Pierpoint’s recruitment drive continues with Arnesen hire
20 August 2019 London
Image: Shutterstock
Pierpoint Financial Consulting has brought on former global head of securities lending at BNP Paribas Securities Services, John Arnesen, to oversee its consulting operations.
The boutique consultancy was launched by Roy Zimmerhansl, former HSBC global head of securities lending, in January with a focus on securities finance and collateral management.
The firm aims to leverage the significant experience of its team to provide independent advisory services to a broad range of market participants including buy-side, sell-side and vendors.
Pierpoint is currently working with a number of firms including RFPS, formerly Karson, on a project for a new asset for repo, securities lending and derivatives set to be unveiled later this year.
Arnesen brings 28 years of securities finance experience, including his most recent role at BNP Paribas, which he held between 2011 and February 2019.
He also served as managing director and head of securities lending for Europe, the Middle East and Africa for BNY Mellon from 1998 to 2008.
Zimmerhansl said: “I have worked with John as an innovative counterparty and battled against him as a formidable competitor. He brings complementary skills, perspective and client contacts to our business and adds tremendous value to the Pierpoint client offering.”
Arnesen’s appointment follows closely after that of Andrew Howieson, who joined as research partner last week. Howieson also boasts a pedigree in his field with more than 30 years’ experience in global capital markets, including his time as head of global corporate strategy and business development for State Street.
Howieson’s securities lending experience includes his tenure as eSecLending's European managing director for global securities lending between 2005 and 2007. He has also worked as a consultant for institutional investors and co-authored several white papers focused on potential developments for the securities lending market.
Commenting on Howieson’s new role, Zimmerhansl said: “Information and understanding are key pillars of the Pierpoint client proposition and Andrew has brought clients deep insight on securities lending and market liquidity throughout his career.”
Pierpoint Financial Consulting’s recruitment drive initially began with Andrew Stephenson, who joined as practice manager last month. Stephenson brings 15 years of consulting as a tax attorney as part of the executive team of a leading global practice and running a specialist practice delivering a range of services to asset owners, asset managers and global custodians.
Zimmerhansl said that with these latest hires taking charge of the consulting and research pillars of Piermont’s offering, the firm is now setting its sights on stripping back the layer of complexity that shrouds securities financing for those not immersed in the industry on a day-to-day basis. In doing so he hopes to bring greater understanding to new market entrants and offer impartial advice to improve the strategies of existing market participants.
The boutique consultancy was launched by Roy Zimmerhansl, former HSBC global head of securities lending, in January with a focus on securities finance and collateral management.
The firm aims to leverage the significant experience of its team to provide independent advisory services to a broad range of market participants including buy-side, sell-side and vendors.
Pierpoint is currently working with a number of firms including RFPS, formerly Karson, on a project for a new asset for repo, securities lending and derivatives set to be unveiled later this year.
Arnesen brings 28 years of securities finance experience, including his most recent role at BNP Paribas, which he held between 2011 and February 2019.
He also served as managing director and head of securities lending for Europe, the Middle East and Africa for BNY Mellon from 1998 to 2008.
Zimmerhansl said: “I have worked with John as an innovative counterparty and battled against him as a formidable competitor. He brings complementary skills, perspective and client contacts to our business and adds tremendous value to the Pierpoint client offering.”
Arnesen’s appointment follows closely after that of Andrew Howieson, who joined as research partner last week. Howieson also boasts a pedigree in his field with more than 30 years’ experience in global capital markets, including his time as head of global corporate strategy and business development for State Street.
Howieson’s securities lending experience includes his tenure as eSecLending's European managing director for global securities lending between 2005 and 2007. He has also worked as a consultant for institutional investors and co-authored several white papers focused on potential developments for the securities lending market.
Commenting on Howieson’s new role, Zimmerhansl said: “Information and understanding are key pillars of the Pierpoint client proposition and Andrew has brought clients deep insight on securities lending and market liquidity throughout his career.”
Pierpoint Financial Consulting’s recruitment drive initially began with Andrew Stephenson, who joined as practice manager last month. Stephenson brings 15 years of consulting as a tax attorney as part of the executive team of a leading global practice and running a specialist practice delivering a range of services to asset owners, asset managers and global custodians.
Zimmerhansl said that with these latest hires taking charge of the consulting and research pillars of Piermont’s offering, the firm is now setting its sights on stripping back the layer of complexity that shrouds securities financing for those not immersed in the industry on a day-to-day basis. In doing so he hopes to bring greater understanding to new market entrants and offer impartial advice to improve the strategies of existing market participants.
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