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Pirum Systems have strengthened their London team with the appointment of Jonathan Lombardo as head of sales.
Lombardo joins Pirum and continues a 20-year career in securities lending which spans various roles in New York and London. His industry involvement involves the broker dealer, agent lender and vendor side of the business where he had experience running trading desks and managing client relationships. Lombardo will be responsible for building relationships with senior managers in the securities finance community, ensuring they are aware of the extensive suite of offerings from Pirum. He is also a former board member of the International Securities Lending Association (ISLA).
Lombardo was previously working at the securities lending MTF, SecFinex, which SLT reported on 29th November was closing down.
Rupert Perry, CEO of Pirum, said, “Jonathan Lombardo’s experience and involvement in the securities lending business, both as a market practitioner and a former board member of ISLA, is impressive and Pirum will benefit from his energy and business perspective. We look to Jonathan to provide additional market reach and expertise as Pirum seeks to broaden its participation base and promote central counterparty and real time services for securities finance”.
The announcement comes as another Pirum member leaves. Andy Davies, business development manager, will be pursuing other opportunities focused on the buy side. He was with Pirum for over four years.
