EQUILEND APPOINTS IAIN MACKAY AS POST-TRADE SERVICES PRODUCT OWNER
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LONDON (June 17, 2014)—EquiLend has appointed Iain Mackay as Product Owner, Post-Trade Services, effective immediately. He is based in London.
Mackay is responsible for setting the strategic vision for the firm’s post-trade services and will lead the execution of new post-trade products and features globally. Mackay reports to Dow Veeranarong, Product Strategy, EquiLend.
He joins EquiLend from the Royal Bank of Scotland, where most recently he was global head of Network Management in the firm’s securities finance group. Previously he has held management roles within prime services groups at Deutsche Bank, Citigroup and Nomura International plc.
Mackay says: “Post-trade managers are increasingly focusing on adapting to regulatory initiatives, complex trading strategies and more efficient cost management. With EquiLend’s market-leading and seamless products, we are uniquely positioned to help them meet those demands. I am delighted to be joining EquiLend at such a pivotal point for the securities finance industry, when effective post-trade services are more vital than ever.”
Mackay has nearly 20 years of experience in the securities finance post-trade industry. During his tenure, he created and has co-chaired the Operations sub-group of the International Securities Lending Association (ISLA).
Brian Lamb, CEO of EquiLend, says: “Iain is highly attuned to the inner workings of the securities finance post-trade industry, given his experience managing several prime services operations teams and as a member of various industry committees. His experience gives him a unique perspective to help EquiLend continue to deliver indispensible solutions for the post-trade securities finance community.”
EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS. Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. DataLend, the securities finance market data division of EquiLend, provides highly cleansed and standardized securities finance data covering all asset classes, regions and markets globally.