Banu Apers takes the helm of Clearsteam's SBL business in management shake up
01 October 2020 Frankfurt
Image: Banu Apers
Clearstream has restructured its banking, funding and financing team with Banu Apers (pictured) in the newly-created role of leading all aspects of its securities lending business.
The new formation, which took place in July but has just been announced, saw a number of new roles being created to bring together complementary products and create dedicated leaders of each business sector.
Apers will bring the post-trade provider’s lending and borrowing solution under one roof including commercial, product management and product delivery, for the first time.
Jointly with her team, Apers is responsible for the end-to-end delivery of new solutions and the
maintenance of the existing customer offerings, such as failed lending coverage (ASL) and strategic lending (ASLplus) across both the central securities depository (CSD) and International CSD world.
Apers has been with Clearstream for nearly eight years and previously head of product management for triparty collateral. She was previously at SWIFT where she served as the senior market manager in its post-trade desk.
Clearstream’s securities lending business was previously managed by Fabrice Tomenko, who also oversaw the collateral management activities.
Tomenko has now pivoted to a role as head of the new Digital Trust team.
There he aims to bring to life new business models based on new technologies such as distributed ledger technology and anticipate market transformations. The Trust’s flagship project is the partnership with HQLAᵡ.
The shake-up also saw Richard Glen become head of collateral management and Defi Kimenga head up Clearstream’s banking business.
Glen is now responsible for the management and development of global collateral solutions for Clearstream. This includes Clearstream’s triparty collateral management services for fixed income, equities and funds as well as all cleared and uncleared margining solutions.
Meanwhile, Kimenga has taken on a newly-created role which entails the management of Clearstream’s cash, foreign exchange, credit and treasury products.
He aims to optimise customers’ working capital, minimise opportunity cost and maximise settlement velocity.
The new formation, which took place in July but has just been announced, saw a number of new roles being created to bring together complementary products and create dedicated leaders of each business sector.
Apers will bring the post-trade provider’s lending and borrowing solution under one roof including commercial, product management and product delivery, for the first time.
Jointly with her team, Apers is responsible for the end-to-end delivery of new solutions and the
maintenance of the existing customer offerings, such as failed lending coverage (ASL) and strategic lending (ASLplus) across both the central securities depository (CSD) and International CSD world.
Apers has been with Clearstream for nearly eight years and previously head of product management for triparty collateral. She was previously at SWIFT where she served as the senior market manager in its post-trade desk.
Clearstream’s securities lending business was previously managed by Fabrice Tomenko, who also oversaw the collateral management activities.
Tomenko has now pivoted to a role as head of the new Digital Trust team.
There he aims to bring to life new business models based on new technologies such as distributed ledger technology and anticipate market transformations. The Trust’s flagship project is the partnership with HQLAᵡ.
The shake-up also saw Richard Glen become head of collateral management and Defi Kimenga head up Clearstream’s banking business.
Glen is now responsible for the management and development of global collateral solutions for Clearstream. This includes Clearstream’s triparty collateral management services for fixed income, equities and funds as well as all cleared and uncleared margining solutions.
Meanwhile, Kimenga has taken on a newly-created role which entails the management of Clearstream’s cash, foreign exchange, credit and treasury products.
He aims to optimise customers’ working capital, minimise opportunity cost and maximise settlement velocity.
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