FinOptSys selects DiMaggio as CEO’s strategic advisor
06 November 2024 US
Image: FinOptSys
FinOptSys has appointed Salvatore DiMaggio as strategic advisor to the CEO.
In this new expanded role, DiMaggio will provide guidance and advice on overall business strategy, outlook and growth aspirations, as well as insights into sales and marketing, client acquisition and target market penetration.
He first joined the financial technology company in October 2023 as part of the firm’s advisory board to accelerate FinOptSys’ solutions in global buy and sell side markets.
DiMaggio has extensive experience across capital markets, including in collateral lending, liquidity and financial resources management, as well as securities lending and asset-backed securities repo.
During his long career, DiMaggio was senior vice president of D.E. Shaw and a member of the group’s treasury department.
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.
Divyesh Bhakta, founder and CEO of FinOptsys, says: “Salvatore is not only a proven business leader and operator that will provide invaluable guidance and advice, but he also shares our passion for empowering the securities financing ecosystem of stakeholders, to revolutionise the securities financing industry.”
DiMaggio states he is “very excited to join such an innovative and transformative platform” and looks forward to working with Divyesh and the FinOptSys team on developing strategic approaches “to a dynamically changing securities finance marketplace”.
In this new expanded role, DiMaggio will provide guidance and advice on overall business strategy, outlook and growth aspirations, as well as insights into sales and marketing, client acquisition and target market penetration.
He first joined the financial technology company in October 2023 as part of the firm’s advisory board to accelerate FinOptSys’ solutions in global buy and sell side markets.
DiMaggio has extensive experience across capital markets, including in collateral lending, liquidity and financial resources management, as well as securities lending and asset-backed securities repo.
During his long career, DiMaggio was senior vice president of D.E. Shaw and a member of the group’s treasury department.
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.
Divyesh Bhakta, founder and CEO of FinOptsys, says: “Salvatore is not only a proven business leader and operator that will provide invaluable guidance and advice, but he also shares our passion for empowering the securities financing ecosystem of stakeholders, to revolutionise the securities financing industry.”
DiMaggio states he is “very excited to join such an innovative and transformative platform” and looks forward to working with Divyesh and the FinOptSys team on developing strategic approaches “to a dynamically changing securities finance marketplace”.
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