SecFinex, a European electronic trading platform for securities lending, has announced the appointment of Peter Fenichel as CEO.
Fenichel is set to preside over a period of anticipated growth following the December 2006 majority acquisition of SecFinex by NYSE Euronext in partnership with Société Générale and Fortis. SecFinex now has access to members of Euronext and Euronext.liffe allowing it to extend its client base giving them more efficient, automated access to the fast-growing securities lending market, says the firm.
Fenichel has held positions at Bankers Trust, Barclays de Zoete Wedd (BZW), Instinet and Cairneagle Associates and has worked in the capital markets and supporting industries for over 30 years. Fenichel succeeds Allen Postlethwaite who served as interim CEO and has now moved into the role of COO.
Launched in 2001, the SecFinex platform provides securities lending traders with secure access to a live price-driven marketplace. A cross-section of lenders, borrowers and intermediaries currently participate in SecFinex.
"I am pleased to be joining SecFinex at such an exciting time in its development," says Peter Fenichel, CEO, SecFinex. "The stakeholders in SecFinex are committed to driving growth and there are significant opportunities ahead in the market. The securities landscape is changing and we are at the forefront of that change, driving innovation through new technology and new business models. With our increased client base and ownership, SecFinex can become a world leader in the securities lending market," he adds.