Clear Street has appointed Aldo Mannino as director of repo sales and trading for its new fixed-income repo platform, which continues the expansion of the firm’s securities finance offering.
Based in New York, Mannino brings more than 25 years of experience in developing and operating a multitude of sales and trading strategies. He will report to Joseph DiMartino, managing director of repo trading at Clear Street.
He joins the firm from Mizuho Securities USA, where he spent 12 years at the firm’s New York office. Most recently, Mannino was executive director for Mizuho Securities.
Prior to this, Mannino was a repo trader at UBS’ Connecticut office for 10 years.
Speaking on the announcement, Mannino comments: “I am excited to join a modern, energetic and growing firm. There has been a severe reduction in repo capacity among players across the Street, Clear Street is moving in the opposite direction and actively growing in the repo sector.
“I am eager to help build out our repo business, offer clients new opportunities, and make Clear Street a household name for years to come.”
Commenting on the new platform, DiMartino says: “Over the next six months, we plan to scale our business and grow our client-base among institutional managers. We have ambitious goals for the business, but I am confident we will achieve them thanks to the expertise of our dedicated team.
“It’s a great time to be launching this business as there is vast potential in today’s market. Entering the repo market today presents a unique opportunity to meet rapidly growing customer demand. We are seeing strong interest in repo from institutional clients, ranging from municipal pension funds to corporates.”
