StoneX appoints industry veteran to build out structured credit products business

Source: Institutional Asset Manager 2020-08-20

StoneX Financial's fixed income division, formerly INTL FCStone Financial, has hired Brian Vescio as the Head of its Structured Credit Products business.

Vescio will oversee the management of their structured credit products and will be responsible for building out the business to encompass additional structured credit offerings.

Anthony Diciollo, Co-Head of the Fixed Income Division at StoneX, says: “Brian’s two decades of experience managing structured products will be invaluable as we continue to expand our team to cover new complementary product segments. He will help us build out our structured credit products business, a natural extension of our Agency Mortgage business, allowing us serve new client segments and provide them with our suite of complementary capabilities.”

Vescio brings nearly two decades of experience managing structured product portfolios for the proprietary trading businesses of ING Capital, Deutsche Bank Securities, and RBS Securities. In the past five years Vescio has managed Non Agency Mortgage and Asset Backed Securities on the sell side for Nomura and Sandler O’Neill & Partners which has since merged with Piper Jaffray to become Piper Sandler. Vescio will be responsible for managing the structured credit products and building out StoneX’s business to include Non Agency Residential Mortgages (RMBS), Commercial Mortgage Backed Securities (CMBS), Asset Backed Securities (ABS), and Collateralised Loan Obligations (“CLOS”).

Vescio says: “The entrepreneurial nature and growth trajectory of StoneX’s Fixed Income Division and its strong relationships in complementary segments drew me to the firm. The skills and relationships I developed while managing structured products for the trading businesses of major institutions along with my more recent experience working in both Non Agency Mortgage and Asset Backed Securities trading will be invaluable in building out the structured credit products business for StoneX.”

StoneX

Royal Bank of Scotland

StoneX appoints industry veteran to build out structured credit products business

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