FORMER BARCLAYS GLOBAL INVESTORS VETERAN APPOINTED TO EQUILEND CEO POST; BRIAN LAMB JOINS THE GLOBAL SECURITIES FINANCE FIRM
NEW YORK, September 9th, 2005 -Brian Lamb, formerly of Barclays Global Investors (BGI) has joined EquiLend as its new Chief Executive Officer, succeeding former President and CEO Dirk Pruis. Pruis, who announced his resignation in April of this year to join Calvin College as its Vice President of Advancement, will continue as President on a part-time basis to facilitate the transition.
Mr. Lamb brings to EquiLend nearly 20 years of securities finance experience, particularly in the area of Fixed Income, a market which EquiLend aims to expand even further into. In addition, Mr. Lamb served as BGI's lead Program Manager as well as one of BGI's representatives on EquiLend's Board of Directors during its conception, development and launch from 2000 - 2004.
"I am joining EquiLend at an incredible time," states Lamb. "Continued client growth, functional enhancements and major inroads into the global Fixed Income market indicates how the industry is evolving. It is clear that EquiLend has been at the forefront of this evolution, and I am excited to be in the position of continuing to lead this trend."
"Brian's hands-on experience and deep knowledge of the global securities finance industry made him a stand-out succession candidate," Mike Vardas, EquiLend's chairman states. "He brings a solid track record of executing large global initiatives at BGI as well as significant direct experience and knowledge of EquiLend. It was a unanimous decision to bring Brian on as EquiLend's CEO, as we are confident he will be a successful industry and organization leader."
About EquiLend
EquiLend Holdings LLC was formed by a group of leading financial institutions to develop a global platform for the automation of securities lending transactions. The EquiLend platform is designed to increase efficiency by standardizing, centralizing and, and automating front and back office processes, while delivering global access to liquidity, reduced risk and scalability. The EquiLend platform is designed to process equity and fixed income securities lending transactions on a global basis. The founding firms are: Barclays Global Investors (BGI); Bear, Stearns & Co. Inc. (NYSE: BSC); Credit Suisse First Boston (NYSE: CSR); The Goldman Sachs Group, Inc. (NYSE: GS); J.P. Morgan Chase & Co. (NYSE: JPM); Lehman Brothers (NYSE: LEH); Merrill Lynch (NYSE: MER); Morgan Stanley (NYSE: MWD); Northern Trust Corporation (NASDAQ: NTRS); State Street Corporation (NYSE: STT); and UBS (NYSE: UBS).
www.equilend.com
For further information, contact:
US/UK Press Contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
About EquiLend
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. 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. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
www.equilend.com
EquiLend LLC and EquiLend Europe Limited are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the NASD and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. All services offered by EquiLend are offered through EquiLend LLC and EquiLend Europe Limited. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.
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