eSecLending, a global securities lending manager, today announced the appointment of David Gelber and William Nutt as Independent Directors to the firm’s Board. Both members bring an extensive depth of knowledge and experience in the financial services industry to eSecLending’s Board.
Mr. Gelber joined eSecLending’s Board in January of 2007 and was formerly the Chief Operating Officer for ICAP Plc., the world’s largest voice and electronic inter-dealer broker, where he served as Chairman of the Group Risk Committee and was a member of the Treasury and Audit Committees. Prior to ICAP, Mr. Gelber held various executive positions at HSBC London, Chemical Bank London, Citibank/Citicorp International Bank London in various trading positions and at Morgan Guaranty London in Information Technology. Mr. Gelber has an extensive knowledge of financial markets and instruments as well as an in-depth understanding of risk management issues and techniques used to manage currency, interest rate and liquidity risks. He also has a thorough understanding of information technology and successfully managed two large scale mergers and numerous acquisitions and business integrations during his previous role with ICAP. He currently serves as a Director of several firms including Globeop Financial Services, a provider of middle, back office and valuation services to the hedge fund industry.
Mr. Nutt officially joins eSecLending’s Board of Directors in November 2007. In 1993, Mr. Nutt founded the Affiliated Managers Group Inc. (AMG), whose affiliated investment management firms manage more than $260 billion. AMG is publicly traded on the NYSE. Mr. Nutt served as AMG’s President, Chief Executive Officer until 2005, and currently serves as Chairman of the Board. Prior to founding AMG, Mr. Nutt was President and Chief Operating Officer of The Boston Company and was responsible for its institutional money management business, mutual fund administration, distribution and custody business, and master trustee and custodian business. Mr. Nutt also previously served as Chairman and Chief Executive Officer of The Boston Company's principal subsidiary, Boston Safe Deposit and Trust Company.
“David and Bill both bring a significant wealth of knowledge and experience in financial services to our Board of Directors,” said Chris Jaynes, President of eSecLending. “We are extremely pleased and honored they have accepted these positions and look forward to their guidance on and contributions to the strategic direction of our business.”
“I am excited to have joined the Board of such a dynamic firm like eSecLending and am interested to utilize my experience in the financial trading markets in their strategic planning,” said David Gelber. “Their approach in the securities lending market has proven to be very successful for their clients and I look forward to contributing to the company’s continued growth in the industry.”
“I am eager to begin my position on eSecLending’s Board and I look forward to applying my experience in helping their team to further expand the reach of the company’s product throughout the securities lending market,” said Bill Nutt. “eSecLending has successfully differentiated itself in their industry and there are significant opportunities to continue to capitalize on the growth of the market and the positioning of their product and services with institutional investor clients.”
In addition to Mr. Gelber and Mr. Nutt’s independent director seats on eSecLending’s Board, the remaining board is comprised of executives from eSecLending and their majority owner, TA Associates. eSecLending’s other Board members are Chris Jaynes, President, Ty Danco, Founder and Chief Investment Officer and Karen O’Connor, Chief Operating Officer. The Board members from TA Associates are Kevin Landry, Chairman, Kenneth Schiciano, Managing Director and Jonathan Meeks, Managing Director. Kenneth Schiciano is the Chairman of the eSecLending Board of Directors.
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 company services over $450 billion in lendable assets on behalf of their clients and is one of the largest third party lending agents in the marketplace. Securities Finance Trust Company, an eSecLending company, performs all regulated business activities. More information about eSecLending can be found at www.eseclending.com.
Brooke Gillman, +1.617.595.2540
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