Wematch welcomes Levin to head securities lending product
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Wematch welcomes Levin to head securities lending product 10 January 2023US Reporter: Carmella Haswell
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Wematch, a dealing workflow platform for traders, sales and brokers, has appointed Ross Levin to head of securities lending product.
Based in New York, Levin will be responsible for the strategic direction of Wematch鈥檚 securities lending module.
The module digitalises and automates workflow 鈥� including special and general collateral, collateral management and optimisation, and trade lifecycle management.
Wematch鈥檚 securities lending product is part of a suite of workflow solutions which includes total return swaps, repos and sales to traders.
With more than 20 years of experience in financial services and technology, Levin has held a number of senior positions in the financial industry.
Previously, Levin was managing director and head of product development at US Tiger Securities, and its sister company TradeUP Securities, where he helped to implement US self-clearing capabilities.
Prior to this, Levin was head of technology for Cowen鈥檚 global clearing and securities finance division, where he built securities finance and self-clearing capabilities.
During his long career in the industry, Levin also held roles at Itau 鈥� where he built a prime services business 鈥� and at Royal Bank of Scotland 鈥� where he headed product development for the firm鈥檚 prime services division.
Commenting on the role, Joseph Seroussi, co-founder and CEO at Wematch, says: 鈥淲ematch is on a mission to bring unprecedented efficiency and productivity to dealing workflows while dramatically reducing operational risks. That means hiring the very best technology and product talent available to help ensure our products remain at the leading edge.
鈥淩oss鈥� vast experience in both technology and securities makes him the ideal fit for our securities lending product as we look to target rapid growth in the years ahead. Levin is a strong addition to our team and will help ensure that we are better able to deliver against our clients鈥� requirements.鈥�
Levin adds: 鈥淚 welcome the opportunity to work with a digitally native company that is pushing the boundaries around how participants in securities lending conduct business.
鈥淎utomation and digitalisation are transforming securities lending workflows, and I look forward to helping the Wematch team lead at the vanguard of this transformation and deliver unprecedented value to our clients.鈥�
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