Quadriserv appoints joint CEOs 08 February 2012New York Reporter: Ben Wilkie
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Pasquale Cestaro and Bruce Turner have been named co-chief executive officers of Quadriserv and members of the firm's board of directors.
Quadriserv operates AQS, a central counterparty-based market that offers automated securities lending trading in over 5,000 underlying equity, ETF and ADR products.
Cestaro, a 30-year veteran of the equity finance industry, was previously Quadriserv’s vice chairman. Turner, who oversaw the launch of the AQS and AQS Direct platforms, was most recently president and chief operating officer. Thomas. Perna will continue as chairman.
“The combination of Pat, who brings his experience in working with the biggest players in the securities lending industry, and Bruce, who has led securities trading, technology and market structure initiatives for brokerages and exchanges for two decades, will further enhance our capabilities in meeting the needs of clients,” Perna said.
“As liquidity and order flow continue to expand on the AQS platform, our model becomes increasingly compelling for the industry’s major participants,” Cestaro said. “I look forward to collaborating even more closely with Bruce as Quadriserv continues exploring ways to provide central counterparty-based value to new clients and enhanced services for current customers.”
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