Bill Locke joins eSecLending 24 January 2014Boston Reporter: Daniel Jackson
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Securities lending agent eSecLending, has recruited Bill Locke as head of market and credit risk management.
Locke will be responsible for identifying, quantifying and managing market and credit risk in eSecLending’s securities financing and cash management programmes.
Locke brings more than 30 years of industry experience to the firm, which includes work on policy development, credit risk management, customised trade structures, interest rate risk management and collateral eligibility and valuation.
Prior to joining eSecLending, Locke worked as a financial services market specialist for the Federal Reserve Bank of Boston, vice president of global securities lending at Brown Brothers Harriman, as well as managing director of securities finance at State Street Bank and Trust Company.
Peter Economou, chief risk officer and head of corporate strategy at eSecLending, said: “We are excited to have Locke on board. His experience in the securities financing industry and knowledge of capital markets, balance sheet and collateral management will be instrumental to eSecLending as we continue to develop new products and further strengthen our ability to provide customised programmes to fit clients’ individual risk tolerances.”
“Locke’s in-depth knowledge of impending regulation will also help us to better execute trade structures, investment opportunities, new markets and products that will increase profitability for our clients.”
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