State Street appoints Taryn Siglain as head of principal securities lending program

Rick Steves

“Taryn’s vast experience in collateral trading and execution coupled with her strong leadership background makes her an ideal fit to lead our enhanced custody organization.”

State Street has appointed Taryn Siglain as Head of Enhanced Custody, its principal securities lending program, and reporting to Gino Timperio, global head of financing solutions for State Street Global Markets.

Taryn Siglain will be responsible for developing and driving the execution of the Enhanced Custody strategy, delivering highly valued solutions to clients and ensuring comprehensive and consistent delivery of services to evolving financing needs.

The new Head of Enhanced Custody joins State Street from Morgan Stanley, where she held a variety of leadership roles over her more than 15-year career including head of Americas Secured Funding Trading and Collateral Optimization.

“Vast experience in collateral trading and execution”

Gino Timperio, Head of Financing Solutions at State Street, commented: “We are thrilled to welcome Taryn to State Street as we continue our focus of providing our clients cutting edge services and products. Taryn’s vast experience in collateral trading and execution coupled with her strong leadership background makes her an ideal fit to lead our enhanced custody organization.

Taryn Siglain, Head of Enhanced Custody at State Street, said: “I am excited to join State Street and work collaboratively across the organization to ensure that our Enhanced Custody solution continues to provide opportunities for our clients to generate alpha. As a leader in the investment services industry, State Street is the ideal place for me to bring my knowledge and experience to continue the growth and exceptional client service of the team.”

State Street launched FIX API for Fund Connect ETF platform

State Street has recently launched a Financial Information eXchange (FIX) application programming interface (API) for its Fund Connect ETF platform.

Fund Connect ETF is a key portal within State Street’s GlobalLink product suite that enables the creation and redemption of ETFs, designed as a single point of access to many issuers.

The portal’s automated order placement solution and comprehensive integration to order management systems has supplied a direct link between APs, distributors, order takers, sub-advisors, and issuers.

The new FIX connectivity method drives increased efficiency, reduced operational risk and enhanced communication between parties. Now available to all participants on the platform, the enhancement offers connectivity and electronic communication through an integral industry protocol used in electronic trading.

This will allow market participants to send orders directly from their order management system (OMS) to the Fund Connect ETF platform streamlining the ETF creation and redemption process.

Fund Connect ETF also recently released the ability for issuers or their agents to approve AP creations and redemptions via RESTful API continuing to deliver increased connectivity and straight through processing for the ETF primary market.

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