IHS Markit has appointed Paul Wilson as managing director and global head of its securities finance business, Global Investor can reveal.

Securities lending veteran Wilson is expected to begin his new role based in London on June 4.

The ex-head of JP Morgan's agency lending product is tasked with expanding IHS Markit's commercial strategy and product set covering securities finance.

Wilson was with JP Morgan for 33 years, most recently serving as managing director and global head of agent lending product and portfolio advisory.

Global Investor revealed he was leaving JP Morgan in the summer of 2017. 

At JP Morgan, Wilson defined and executed the business’ growth strategy, improving profitability against the backdrop of new regulations, IHS Markit said in a statement.  

He will report jointly to Pierre Khemdoudi in London and Ed Marhefka in New York when he arrives at the firm next month.

Khemdoudi and Marhefka serve as global co-heads of IHS Markit's equities data and analytics arm, which includes the securities finance, delta one (ETF/index), dividend forecasting and research signals businesses. 

"Paul has a reputation as a strong leader and trusted advisor for executives at large, complex financial institutions," Marhefka said.

He added: "We are delighted to bring Paul on board to strengthen our management team, and look forward to delivering the next generation of securities finance services to the market. As we continue to expand our product set, Paul will steer the holistic functionality of these offerings, increasing our relevance and core value to clients.”

Prime brokers, agent lenders and a range of investment funds use IHS Markit's sec finance tools covering data, benchmarking, consulting and commentary.

The firm is also building a Securities Financing Transactions Regulation (SFTR) reporting tool. 

Major lending agents, including BNY Mellon and JP Morgan, have already signed up to use the platform which is being built in partnership with post-trade vendor Pirum.