SecFinex, the securities lending marketplace majority owned by transatlantic market operator NYSE Euronext, has appointed Rowena Brown as a senior relationship manager. Brown brings over ten years of experience in the securities industry and has focused on securities lending for the last seven years. Most recently she was responsible for implementing a wide variety of global product solutions for Citi Global Transaction Services.
“Rowena brings a depth of knowledge of securities lending that will complement the team which has recently expanded with additional hires including Stephan Sanner, and Thomas Shave. These additions strengthen SecFinex's relationship management team and support its growing sales initiative,” said Allen Postlethwaite, CEO of SecFinex.
Sanner, who was most recently sales director at FinLab, an investment management software provider, has been appointed executive sales director at SecFinex, while Shave, who worked in global fund services at Northern Trust, has moved into a sales and relationship management role.
SecFinex introduced a central counterparty (CCP) model for securities lending in the Belgian, Dutch, French and Portuguese markets in Q2 2009 using LCH.Clearnet as the clearer. It extended the model to the Austrian, Danish, Finnish, German, Norwegian, Swedish and Swiss markets in Q4 2009 using CCP SIX x-clear and expects to launch a similar service in the UK in Q1 2012. The use of central clearing in securities lending reduces counterparty risk in what has traditionally been a bilateral market.