DriveWealth is excited to announce that we have hired Charles Vesce as our new Head of Securities Lending, and Frank Ferrara as our new Head of Sales-Securities Lending. Both Vesce and Ferrara have held numerous leadership positions in the industry and bring decades of experience and deep expertise in securities lending to DriveWealth Institutional. Expert hires are a critical component of DriveWealth’s strategy to launch a series of new products and services to enable our B2B Partners to engage their retail customers with a steady stream of new experiences. DriveWealth plans to launch securities lending later this year.
Charles Vesce specializes in stock loan, equities, institutional sales, account management and portfolio development. Prior to joining DriveWealth, he was the Director of Securities Lending at ITG, helping leading brokers and asset managers improve returns for global investors. Charles also worked at Jefferies & Co., a financial services company operating in investment banking and capital markets, asset management and direct investing, where he was a Senior Vice President on the equities trading desk. A military and Vietnam War veteran, Charles served 24 years in the Navy.
Frank Ferrara specializes in developing and supervising both domestic and international securities lending. Prior to joining DriveWealth, he was an Executive Vice President at Muriel Siebert & Co., an RIA based in New York City. Additionally, Frank worked as Senior Vice President at StoneX (formerly known as INTL FCStone), a global financial services network providing complete institutional-grade market access, where he was Head of Securities Lending.
Frank and Charlie worked together between 2012 and 2015 at ITG and are happy to be working together again, bringing securities lending to the DriveWealth platform.