Our Experts
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John Grimaldi
- executive vice president and general manager, SunGard Loanet
- SunGard’s capital markets & investment banking business
- john.grimaldi@sungard.com
John Grimaldi is executive vice president and general manager for the Loanet solution in SunGard’s capital markets and investment banking business. He has 25 years of experience in securities lending and brokerage operations. In his role, Mr. Grimaldi has successfully led SunGard’s Loanet business unit through a number of key initiatives, including agency lending disclosure of principle (ALDoP) regulatory requirements and automated recall management (ARMS). He has also been instrumental in the development and expansion of SunGard’s securities lending order management system (LCOR), Loanet’s securities lending trading and inventory management system (Smart Loan) and the Loanet Sigma Series (Smart Seg and Regulatory Allocation) compliance suite. Prior to its acquisition by SunGard in 2001, Mr. Grimaldi held a number of senior management positions at Loanet, Inc., where he was responsible for client services, operations and strategic initiatives.
Prior to Loanet, Mr. Grimaldi was a Vice President for the Pershing Division of Donaldson Lufkin and Jenrette Securities Corp. (DLJ) where he was responsible for security lending operations, treasury operations and various cashiering functions. While at DLJ, he obtained his Series 7, 63, 24 and 27 registrations. Mr. Grimaldi is a graduate of St. John’s University in New York.
Commentary
End-to-end solutions are becoming more important in securities finance, driven by a growing interest in order networks and electronic markets, as well as a need for greater transparency and new methods for price discovery. This trend is balanced with the practicalities of mixed general collateral and special trading books, credit risk controls and exclusives management.
Agency Lending Disclosure of Principal (ALDoP) services for processing principal lender and counterparty information between agent lender and broker-dealer borrowers continues to be an important industry-wide initiative in the US, one which will help to increase transparency in agency securities lending.