eSecLending bags Peter Economou
26 July 2012 Boston
Image: Shutterstock
Global securities lending agent eSecLending has recruited Peter Economou as its CRO.
He will take up the newly created position on 6 August and will be responsible for the oversight and strategic development of enterprise risk management on a global basis. He will report to CEOs Karen O鈥機onnor and Chris Jaynes.
Economou, who has more than 25 years of experience in capital markets, balance sheet management and portfolio management, previously worked as an executive vice president and the global head of securities finance and portfolio solutions at State Street.
He held other senior positions within State Street鈥檚 securities finance division, including global head of trading and risk management and global head of asset liability management.
He left State Street in 2010 for Premier Global 网爆吃瓜 Lending, but he soon moved on to become a financial advisor at Morgan Stanley.
O鈥機onnor said: 鈥淚n recognition of the industry鈥檚 advancement and increasing focus on risk management, this new role has been established to ensure eSecLending remains at the forefront of managing risk for our company and our clients.鈥�
鈥淭his appointment demonstrates our company鈥檚 ongoing commitment to strengthen the breadth and depth of our team and we look forward to leveraging Economou鈥檚 leadership experience and deep understanding of the industry to enhance our existing risk management practices.鈥�
Economou added: 鈥淲ith an alignment of client interests and a model that favours independence, transparency and discipline, eSecLending has demonstrated success in adapting to the industry鈥檚 evolution by continuously developing risk adjusted solutions for their clients. I look forward to joining the team and collaborating with an innovative company dedicated to advancing effective risk controls and strategic development.鈥�
He will take up the newly created position on 6 August and will be responsible for the oversight and strategic development of enterprise risk management on a global basis. He will report to CEOs Karen O鈥機onnor and Chris Jaynes.
Economou, who has more than 25 years of experience in capital markets, balance sheet management and portfolio management, previously worked as an executive vice president and the global head of securities finance and portfolio solutions at State Street.
He held other senior positions within State Street鈥檚 securities finance division, including global head of trading and risk management and global head of asset liability management.
He left State Street in 2010 for Premier Global 网爆吃瓜 Lending, but he soon moved on to become a financial advisor at Morgan Stanley.
O鈥機onnor said: 鈥淚n recognition of the industry鈥檚 advancement and increasing focus on risk management, this new role has been established to ensure eSecLending remains at the forefront of managing risk for our company and our clients.鈥�
鈥淭his appointment demonstrates our company鈥檚 ongoing commitment to strengthen the breadth and depth of our team and we look forward to leveraging Economou鈥檚 leadership experience and deep understanding of the industry to enhance our existing risk management practices.鈥�
Economou added: 鈥淲ith an alignment of client interests and a model that favours independence, transparency and discipline, eSecLending has demonstrated success in adapting to the industry鈥檚 evolution by continuously developing risk adjusted solutions for their clients. I look forward to joining the team and collaborating with an innovative company dedicated to advancing effective risk controls and strategic development.鈥�
← Previous people moves article
Bank of America 鈥榬eplaces鈥� Justin Fredericks with Elizabeth Hammond
Bank of America 鈥榬eplaces鈥� Justin Fredericks with Elizabeth Hammond
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
