State Street Appoints Industry Experts to Bolster its Financing Solutions and Collateral Optimization Group
Strategic Hires Follow Recent Survey Results that Found a Significant Proportion of Institutions are Behind in their Preparations for the Uncleared Margin Rule
Additionally, Yalini Isweran has also joined State Street to focus on product innovation and business development for the bank’s suite of global financing and collateral solutions. Isweran, who most recently worked as part of BNY Mellon’s strategy team, will now develop solutions that aim to address the collateral, trading and liquidity challenges of State Street’s clients.
Earlier this year, State Street released survey findings that measured the perceptions, plans and readiness of 300 asset managers and asset allocators in 16 countries around the Uncleared Margin Rules (UMR), which were set in motion in 2008 to reform the over-the-counter (OTC) derivatives market following the global financial crisis. The survey revealed that 81 percent of institutions with a
“We understand that this is a critical time for buy-side firms of all sizes and that UMR continues to be a pressing challenge, and are very pleased to have Staffan and Yalini joining our team to further strengthen our collateral management capabilities,” said Timperio. “Their strategic experience across multiple markets will bring immediate value to our clients who are seeking to optimize their assets.”
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1 State Street engaged Oxford Economics to field a global survey of 300 industry executives from 16 countries during
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BPaul2@statestreet.com
+1 401 644 9182
Source:
Brendan Paul
BPaul2@statestreet.com
+1 401 644 9182