WeMatch welcomes Simon Picton and Milan Haria 04 March 2021UK Reporter: Drew Nicol
Image: WeMatch
WeMatch has attracted fresh securities lending and delta one talent while hitting a new platform balance milestone of $60 billion as of February.
Simon Picton (left), formerly of Morgan Stanley, and Milan Haria, from Commerzbank, are both joining the coverage team with a focus on Europe, the Middle East and Africa (EMEA).
Picton has spent the past seven years in roles across Morgan Stanley’s securities lending, repo and secured funding desks.
Haria also brings a depth of experience to the WeMatch team after spending 10 years within Commerzbank’s delta one team.
In a statement on the hires, WeMatch says they demonstrate its continued focus to deliver best-in-class products for clients.
The latest entrants will join Shane Martin, WeMatch’s new head of sales on securities financing, who joined in February.
Following the launch of a US total-return swaps platform in October, WeMatch reached a balance of more than $60 billion across both platforms last month and hosts more than 70 trading entities.
The platform balance has grown steadily in tandem with new clients being onboarded, and WeMatch achieved the milestone of $45 billion in November.
WeMatch co-founder David Raccat says the new balance threshold is roughly split 90-10 per cent between the EMEA and US platforms.
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Image: WeMatch 