It has also appointed Robert Chiuch as managing director in the securities lending business, with responsibility for leading the US equity and corporate securities lending team.
DiNardo will responsible for implementing strategic initiatives, coordinating the key functions of the business, and directing the risk and compliance requirements of securities lending. He will report to James Slater, global head of securities lending.
DiNardo had been a managing director in the group with responsibility for product development and project management. He will replace Slater, who recently became BNY Mellon’s global head of securities lending.
Prior to this role, Chiuch had been co-head of global securities lending at CIBC Mellon, a provider of financial services for institutions and corporations that is jointly owned by Canadian Imperial Bank of Commerce and BNY Mellon. Based in New York, he will also report to Slater
Slater said in his new position, DiNardo will play a key role in identifying opportunities for continuing improvements in our operations and further enhancing the experiences of our clients.
Chiuch, who has 23 years of experience in securities lending, joined CIBC Mellon when the company was formed in 1996.
Previously, Chiuch worked for CIBC and National Bank Financial. He is president of the Canadian Securities Lending Association.
