Albert Fried & Company recruits for new CTO position
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Albert Fried & Company recruits for new CTO position 26 February 2013New York Reporter: Mark Dugdale
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Albert Fried & Company has hired Carl Lang for the newly created position of chief technology officer.
Lang previously worked as director of BNP Paribas prime brokerage, where he headed up technology for securities lending. Before that, Lang built out the global securities lending platform for Bank of America.
At Albert Fried & Company, he will oversee its technology infrastructure, which includes the new prime lending services division’s securities lending and prime services build-out.
In January, Albert Fried & Company married securities lending and prime services so that it could provide them both to hedge funds, traders and other buy-side clients.
The firm recently hired Salvatore Cangialosi from Credit Suisse for the new division.
It also recruited Vincent Avena from BNP Paribas and Paul Stegmann from Credit Agricole as managing directors of the new prime lending services division.
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