eSecLending, a global securities lending manager, today announced that Susan C. Peters, Chairman, is leaving the company. She will transition out of her role over the course of this year. The other members of eSecLending’s Executive Committee, which manages the firm, President Chris Jaynes, Chief Investment Officer Ty Danco, and Chief Operating Officer Karen O’Connor, will continue to run the firm.
“I’m proud to have been a part of such a dynamic team that has helped to bring change to the securities lending marketplace,” said Peters. “I would like to thank our clients and employees who have all been critical to the company’s success. After several rewarding years, I am looking forward to moving to Europe with my family and pursuing new endeavours.”
“On behalf of our Executive Committee and employees, I would like to thank Susan for her tremendous contributions to the firm and for the important role she has played in the continued growth and success of our business,” said Jaynes. “We look forward to working with Susan throughout her transition and wish her much success in the future.”
eSecLending continues to experience significant growth and has recently added new clients based in Ireland, Luxembourg, the United Kingdom and New Zealand. The firm continues to expand the breadth of its product offering and service levels to clients and has increased personnel resources by adding key hires across all areas of the business.
eSecLending is a global securities lending manager and a leading provider and administrator of customized securities lending programs. Its programs attract some of the world's largest and most sophisticated asset gatherers, including pension funds, mutual funds, investment managers and insurance companies. The firm structures customized securities lending programs for each of its clients to provide them with higher returns compared to traditional program structures and improved transparency and objective criteria upon which to make decisions.
As of March 31, 2007, eSecLending has auctioned over $1.1 trillion in assets since inception and has approximately $125 billion in assets on loan. eSecLending provides comprehensive securities lending services to include trade negotiation, program administration, risk management and the investment management of cash collateral. The firm has 120 employees based in Boston, London and Burlington, Vermont. Securities Finance Trust Company, an eSecLending company, performs all regulated business activities. For more information visit: www.eseclending.com.
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