eSecLending bags Peter Economou 26 July 2012Boston Reporter: Mark Dugdale
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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’Connor 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’s 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 Securities Lending, but he soon moved on to become a financial advisor at Morgan Stanley.
O’Connor said: “In recognition of the industry’s 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.”
“This appointment demonstrates our company’s ongoing commitment to strengthen the breadth and depth of our team and we look forward to leveraging Economou’s leadership experience and deep understanding of the industry to enhance our existing risk management practices.”
Economou added: “With an alignment of client interests and a model that favours independence, transparency and discipline, eSecLending has demonstrated success in adapting to the industry’s 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.”
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