Wematch.live has appointed Joseph Parascandolo as director of securities lending sales and coverage for North America, based in New York.
Parascandolo has more than 20 years of industry experience and joins Wematch from Equilend, where he was an associate director for client relationship management for close to six years.
This followed a seven year tenure at JP Morgan, where Parascandolo was assistant vice president of securities lending and later became a vice president and portfolio advisor relationship manager for agency lending.
Parascandolo was also a hedge fund sales executive at Data Explorers, and an associate director for equity and fixed income prime brokerage services at UBS Investment Bank.
Parascandolo’s appointment is the latest in a string of hires for the company as it continues to expand its global presence. Grant Davies joined the firm as head of EMEA equities sales in May, while David Culshaw was named global head of fixed income and Vinesh Patel was appointed head of APAC coverage in April.
Commenting on his appointment, Parascandolo said: “I am excited to join Wematch and contribute to the company’s growth and success in North America. Wematch’s cutting-edge technology and dedication to transforming the securities lending industry resonate strongly with my own values and aspirations. I look forward to working alongside the talented team at Wematch and delivering unparalleled value to our clients.”
Ed Hochstadter, head of SBL sales and coverage for North America at Wematch, commented: “[Parascandolo’s] extensive experience and deep industry knowledge will be invaluable as we continue to expand our presence and deliver innovative solutions to our clients in the region. Joe’s client-centric approach aligns perfectly with our mission to provide exceptional service and drive the future of securities lending.”
