FinOptSys has appointed D.E. Shaw group’s Salvatore DiMaggio to its advisory board.
DiMaggio, senior vice president of D.E. Shaw and a member of the group’s treasury department, joins the board to accelerate FinOptSys’ solutions in global buy- and sell-side markets.
He will use his extensive experience across capital markets, including in collateral lending, liquidity and financial resources management, as well as securities lending and asset-backed securities repo.
DiMaggio joined D.E. Shaw in 2008 after a 25-year career at Bear Stearns, where he acted as senior managing director and global head of bank relations and business development.
At Bear Stearns, he managed the firm’s financing relationships with more than 100 banks in support of its trading activities in equity and fixed-income markets.
In addition, he led Bear Stearns’ efforts in issuing long-term debt in a number of markets and developed new business in structured products, loan syndications and financial transactions.
Commenting on the appointment, FinOptSys founder and CEO Divyesh Bhakta says: “Understanding our clients’ needs from a market practitioner’s standpoint has always been a core value for FinOptSys.
“That is why we are thrilled to have an invaluable industry veteran like Salvatore join us on our journey. With our collective passion for empowering the securities financing ecosystem of stakeholders, we will continue to promote the adoption of our innovations to revolutionise the securities financing industry.”
