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People moves news

Exclusive: Bobby Colon returns to securities finance


24 December 2020 US
Reporter: Becky Bellamy

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Image: TTstudio/stock.adobe.com
Bobby Colon has returned to the securities finance industry as head of business development for the Americas at Trading Apps, based in New York.

Colon retired from RBC Capital Markets as head of US securities lending in 2016 after working at the firm for 10 years.

With more than 30 years of market experience, Colon has also served in roles at the Securities Industry and Financial Markets Association, Pershing and Nomura.

During 2020, Trading Apps footprint continued to grow with the launch of a global software as a service (SaaS) solution providing two North American broker-dealers with FIS Smartloan to EquiLend Next Generation Trading (NGT) connectivity.

In addition, a leading Canadian investment bank went live with the Trading Apps locates provider tool.

Laura Allen, managing director of Trading Apps, says: “We have a strong client base in North America, who constantly challenge the market to increase efficiency and automation to improve business revenue.”

“Bobby Colon has the experience to partner with our existing clients and will leverage his relationships to drive our continued growth in the region. We are delighted to welcome him to our team and are looking forward to further success in 2021,” Allen adds.
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