Markit Securities Finance recruits Edward Marhefka as co-head
15 April 2013 New York
Image: Shutterstock
Former Morgan Stanley employee Edward Marhefka has joined Markit Securities Finance as managing director and co-head of the business.
Working alongside co-head David Carruthers, Marhefka will lead and expand the Markit Securities Finance business in North America, providing senior engagement with securities finance clients to shape commercial and data strategy across the product set.
Marhefka spent 15 years at Morgan Stanley, most notably as managing director in bank resource management, executive director in equity securities lending and vice president in prime brokerage.
He also spent three years as co-head of North American equity financing services sales at Lehman Brothers.
In a statement, Brad Hunt, managing director of equities at Markit, said: "At a time when participants in the securities lending and repo markets face significant challenges and opportunities, we are fortunate to have strengthened our management team to help deliver the next generation of innovative services.”
“[Marhefka’s] deep understanding of client requirements and extensive relationships will be valuable as we seek to expand our offering and increase our relevance to our core securities finance client base.”
Marhefka’s appointment follows a series of recent hires, including Steve Baker as director of product management for the recently launched repo content set and Pierre Khemdoudi as director of product management for the wholesale and sell-side securities finance business, both in February.
Aisling O'Boyle joined as vice president for sales and account management in the securities finance business in March.
Working alongside co-head David Carruthers, Marhefka will lead and expand the Markit Securities Finance business in North America, providing senior engagement with securities finance clients to shape commercial and data strategy across the product set.
Marhefka spent 15 years at Morgan Stanley, most notably as managing director in bank resource management, executive director in equity securities lending and vice president in prime brokerage.
He also spent three years as co-head of North American equity financing services sales at Lehman Brothers.
In a statement, Brad Hunt, managing director of equities at Markit, said: "At a time when participants in the securities lending and repo markets face significant challenges and opportunities, we are fortunate to have strengthened our management team to help deliver the next generation of innovative services.”
“[Marhefka’s] deep understanding of client requirements and extensive relationships will be valuable as we seek to expand our offering and increase our relevance to our core securities finance client base.”
Marhefka’s appointment follows a series of recent hires, including Steve Baker as director of product management for the recently launched repo content set and Pierre Khemdoudi as director of product management for the wholesale and sell-side securities finance business, both in February.
Aisling O'Boyle joined as vice president for sales and account management in the securities finance business in March.
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