Securities finance service provider Pirum has added to its business development team in North America with an addition from JP Morgan.
Matthew Lilien joins as director for business development after 14 years with JP Morgan where he spent the majority of his time on the equity finance trading desk.
Prior to that, he held multiple positions within the investment bank including roles in credit risk management and structured credit.
“Pirum is a great company with a market-leading product suite offering,” said Lilien. “It’s also a trusted provider to many of the largest and most important financial institutions across the globe. I am excited to be joining the team and leveraging my experiences to help lead the continued growth of its North America presence.”
Pirum has increased its footprint in North America with the addition of new products for the region including managing lifecycle events, exception management, and workflow across stock loan and repo activities, according to a piece written by Nancy Steiker, North American head of business development in August. This strategy appears to be one of the main areas of focus for new CEO, Phil Morgan, who assumed the position in August.
In addition, Morgan has announced a series of C-suite appointments for the organisation which has been thrust into the spotlight due to incoming regulations around securities lending and collateral.
In Morgan’s relatively short time as chief executive, he has added a chief technology officer, chief financial officer and chief commercial officer as the securities finance specialist continues to build out its offering and global presence.