Ken DeGiglio has joined the securities lending platform EquiLend Holdings LLC as its first CIO, according to a release. Effective immediately, DeGiglio is responsible for aligning EquiLend’s technology vision with business strategy and integrating company processes with the appropriate technologies. He is also responsible for all aspects of developing and implementing technology initiatives within the organization and will manage a senior team of IT professionals and work closely with product owners and other internal stakeholders.
“Ken’s robust technical knowledge and experience in financial systems made him a clear choice to serve as EquiLend’s chief information officer,” stated EquiLend CEO Brian Lamb. “He will be a great asset to EquiLend and to our client base as we continue to bring innovative new technologies to the securities finance market.”
DeGiglio joins EquiLend from TD Ameritrade, where most recently he was managing director and head of Application Development. He has also worked for Morgan Stanley, Robertson Stephens and J.P. Morgan and was a founder of Renaissance Trading Technologies in a career in financial technology spanning nearly 30 years.
“EquiLend is highly regarded throughout the finance industry as a leader in securities finance technology,” opined DeGiglio. “I am excited to be joining the firm at such a pivotal time for EquiLend, in the midst of the global adoption of NGT, the reengineering of its post-trade services, the ongoing development of its preeminent market data service and its expansion into the total-return swaps market.”
EquiLend recently acquired Automated Equity Finance Markets, Inc. (AQS), along with its securities lending technology systems from PDQ Enterprises, operator of PDQ ATS. AQS will be rebranded to EquiLend Clearing Services. The acquired technology facilitates connectivity to OCC’s Market Loan Program, whereby matched securities finance loans are seamlessly processed for central counterparty clearing through OCC, the world’s largest equity derivatives clearing organization.