CIBC Mellon has named Rob Ferguson as head of global securities lending, giving him sole responsibility for leading the firm’s capital markets team.
Ferguson steps into the role following the appointment of Robert Chiuch as managing director, U.S. equity and corporate securities finance at CIBC Mellon’s parent company BNY Mellon.
Meanwhile Phil Zywot has been named head of trading and will manage CIBC Mellon’s trading desk.
“Rob and Phil have long demonstrated outstanding leadership in helping to build a world-leading securities lending operation that continues to win praise for outstanding service and execution,” said Tom Monahan, president and CEO of CIBC Mellon. “Robert Chiuch’s new role as a senior leader within BNY Mellon’s securities lending operation also positions us well to further strengthen our companies’ partnership as we work to support clients around the world. I have no doubt that all three will excel in their new roles.”
Ferguson is a 21-year veteran in securities lending, and joined the company when it was formed in 1996. He was promoted to vice-president, product and client service in 2004 and to co-head of global securities lending in 2010.
Zywot has 20 years of financial industry experience, including 15 years in securities lending. He joined CIBC Mellon in 2004 and has worked on the firm’s trading desk, working on fixed income, domestic equity and international equity lending.