BOSTON--(BUSINESS WIRE)--eSecLending, a leading global securities lending agent, announced today that Peter Economou, CFA, has joined the firm as Chief Risk Officer, effective August 6, 2012. In this newly created position, Peter will be responsible for the oversight and strategic development of enterprise risk management on a global basis, reporting to the firm’s Chief Executive Officers, Karen O’Connor and Chris Jaynes.
Economou has over 25 years of experience in capital markets, balance sheet management and portfolio management. As a former Executive Vice President and Global Head of Securities Finance & Portfolio Solutions at State Street, he brings extensive market knowledge and leadership experience. Economou also held other senior positions within State Street’s Securities Finance division including Global Head of Trading & Risk Management and Global Head of Asset Liability Management. In addition to State Street, he was previously a Senior Managing Director at Premier Global Securities Lending and a Financial Advisor at Morgan Stanley.
Economou holds a Bachelor of Science in Business Administration degree in Finance from Stonehill College and a Masters of Business Administration degree in Finance/Investments from Babson College. Economou is a CFA Charterholder and is a member of the Boston Securities Analyst Society.
Karen O’Connor, Co-Chief Executive Officer of eSecLending states, “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 Peter’s leadership experience and deep understanding of the industry to enhance our existing risk management practices," says O’Connor.
Peter Economou states, “With an alignment of client interests and a model that favors 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.”
About eSecLending
eSecLending is an independent global securities lending agent providing customized securities lending and collateral management solutions for institutional investors worldwide. The company’s innovative approach has introduced investment management practices to the securities lending industry, offering beneficial owners a compelling alternative to traditional pooled lending programs. Their differentiated process facilitates best execution by utilizing a transparent, disciplined and repeatable auction process to determine their clients’ optimal securities lending strategy. In addition to outperformance, their approach provides clients with greater transparency and control, allowing them to more effectively monitor and mitigate risks.
Additional information may be found at www.eseclending.com