Gino Timperio expands State Street role as Martin Tell retires
06 December 2021 US
Image: State_Street
State Street has announced that Gino Timperio will expand his responsibilities and assume leadership of the company’s securities finance division after Martin Tell, global head of securities finance, plans to retire.
Timperio has served 32 years at State Street, with 19 years spent in the securities finance industry.
He has held a variety of roles including Global COO and head of agency lending, before starting the Funding and Collateral Transformation initiative at State Street in late 2016.
Tell, who is set to retire early next year, will work together with Timperio for a “measured approach to the transition”.
In a 35-year-long career, Tell joined State Street in 2013, where he “played an instrumental role shaping and growing our securities finance business”. Additionally, he aided the growth of the enhanced custody product with a notable achievement in regards to State Street’s Direct Access programme.
Prior to this, he spent 20 years at Morgan Stanley, taking on the roles of global head of equity funding, equity repo and securities lending, as well as CFO of global equities.
Speaking on the announcement, Timperio comments: “I’m thrilled to be rejoining the securities finance division. State Street’s ability to offer clients a variety of customised financing solutions via the combination of agency lending and enhanced custody has been a real market differentiator.
“With this announcement and the integration of those activities with our position in FICC’s Sponsored Repo Service and our recent product launches in P2P Repo and Collateral+, respectively, we are bringing together a suite of financing and collateral solutions to support our buy-side clients’ increasing interest in optimising their portfolio holdings via a holistic, front to back, lens.”
Timperio has served 32 years at State Street, with 19 years spent in the securities finance industry.
He has held a variety of roles including Global COO and head of agency lending, before starting the Funding and Collateral Transformation initiative at State Street in late 2016.
Tell, who is set to retire early next year, will work together with Timperio for a “measured approach to the transition”.
In a 35-year-long career, Tell joined State Street in 2013, where he “played an instrumental role shaping and growing our securities finance business”. Additionally, he aided the growth of the enhanced custody product with a notable achievement in regards to State Street’s Direct Access programme.
Prior to this, he spent 20 years at Morgan Stanley, taking on the roles of global head of equity funding, equity repo and securities lending, as well as CFO of global equities.
Speaking on the announcement, Timperio comments: “I’m thrilled to be rejoining the securities finance division. State Street’s ability to offer clients a variety of customised financing solutions via the combination of agency lending and enhanced custody has been a real market differentiator.
“With this announcement and the integration of those activities with our position in FICC’s Sponsored Repo Service and our recent product launches in P2P Repo and Collateral+, respectively, we are bringing together a suite of financing and collateral solutions to support our buy-side clients’ increasing interest in optimising their portfolio holdings via a holistic, front to back, lens.”
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