Gino Timperio expands State Street role as Martin Tell retires
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Gino Timperio expands State Street role as Martin Tell retires 06 December 2021US Reporter: Carmella Haswell
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State Street has announced that Gino Timperio will expand his responsibilities and assume leadership of the company鈥檚 securities finance division after Martin Tell, global head of securities finance, plans to retire.
Timperio has served 32 years at State Street, with 19 years spent in the securities finance industry.
He has held a variety of roles including Global COO and head of agency lending, before starting the Funding and Collateral Transformation initiative at State Street in late 2016.
Tell, who is set to retire early next year, will work together with Timperio for a 鈥渕easured approach to the transition鈥�.
In a 35-year-long career, Tell joined State Street in 2013, where he 鈥減layed an instrumental role shaping and growing our securities finance business鈥�. Additionally, he aided the growth of the enhanced custody product with a notable achievement in regards to State Street鈥檚 Direct Access programme.
Prior to this, he spent 20 years at Morgan Stanley, taking on the roles of global head of equity funding, equity repo and securities lending, as well as CFO of global equities.
Speaking on the announcement, Timperio comments: 鈥淚鈥檓 thrilled to be rejoining the securities finance division. State Street鈥檚 ability to offer clients a variety of customised financing solutions via the combination of agency lending and enhanced custody has been a real market differentiator.
鈥淲ith this announcement and the integration of those activities with our position in FICC鈥檚 Sponsored Repo Service and our recent product launches in P2P Repo and Collateral+, respectively, we are bringing together a suite of financing and collateral solutions to support our buy-side clients鈥� increasing interest in optimising their portfolio holdings via a holistic, front to back, lens.鈥�
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