IHS Markit appoints agency lending veteran to lead global securities finance

The former global head of agency lending product and portfolio advisory at JP Morgan joins the data vendor to lead its commercial strategy and products.

By Joe Parsons

IHS Markit has hired Paul Wilson as its new global head of securities finance, with a focus on expanding its commercial strategy and products.

Wilson, who was inducted as a GC Legend in 2013, joins from JP Morgan where he was previously global head of agency lending product and portfolio advisory.

During his 33-year career with the US bank, he helped define and execute its securities lending growth strategy while also leading client management and sales.

In 2017, he also co-chaired a Bank of England industry group which developed the UK Money Markets Code, setting standards and best practices from participants in the deposit, repo and securities lending markets.

Wilson will take up the new role from 4 June, reporting jointly to Pierre Khemdoudi in London and Edward Marhefka in New York, IHS Markit’s global co-heads of its equities data and analytics division.

As we continue to expand our product set, Paul will steer the holistic functionality of these offerings, increasing our relevance and core value to clients,” said Marhefka.

Wilson joins the data analytics vendor as banks and securities finance traders prepare for the incoming Securities Financing Transaction Regulation (SFTR), which will introduce new reporting requirements for repo and other similar markets.

In March, IHS Markit signed up a number of global securities lending firms to its new SFTR reporting service including Citi, Morgan Stanley and Vanguard.