FIS has appointed Paul Besignano as the new leader of its securities lending vertical, within the sales growth office, capital markets team.
Besignano brings more than 20 years of securities lending experience to his new role.
Previously, Besignano served as managing director and global head of lending at BMO Capital Markets, where he led all front office trading activity for the global securities lending business.
During his 13-year tenure at BMO Capital Markets, and his time at Paloma Securities London, Besignano managed a supply and demand securities lending team within a global trading model.
He also developed a proprietary global securities lending platform for international and North American trading.
Commenting on his appointment via LinkedIn, John Needham, managing director of global sales growth office, says: “Paul's extensive experience positions him to make an immediate impact on the growth of our Securities Finance business.”
