SecFinex, the leading European electronic trading platform for securities lending, today announced the appointment of Peter Fenichel to the position of CEO.
Mr Fenichel brings a wealth of experience to the organisation having worked in the capital markets and supporting industries for over 30 years. He succeeds Allen Postlethwaite who served as interim CEO and has now moved into the role of COO.
Mr Fenichel began his career with Bankers Trust and has since worked across a number of banks and brokerages including Barclays de Zoete Wedd (BZW) where he managed the global structured capital markets team and Instinet where he founded and became CEO of Instinet Fixed Income Markets. More recently, Mr Fenichel was consultant and senior advisor at Cairneagle Associates.
Mr Fenichel is set to preside over a period of anticipated growth following the December 2006 majority acquisition of SecFinex by NYSE Euronext in partnership with Société Générale and Fortis. The organisation will draw upon his invaluable experience to ensure that the opportunities this has created are firmly realised. SecFinex now has access to members of Euronext and Euronext.liffe allowing it to extend its client base giving them more efficient, automated access to the fast-growing securities lending market.
Launched in 2001, the SecFinex platform is based on leading-edge internet technology, providing securities lending traders with secure access to a live price-driven marketplace. A cross-section of lenders, borrowers and intermediaries, including some of the major securities lending players in Europe, currently participate in SecFinex.
"I'm pleased to be joining SecFinex at such an exciting time in its development. The stakeholders in SecFinex are committed to driving growth and there are significant opportunities ahead in the market" said Peter Fenichel CEO of SecFinex. "The securities landscape is changing and we are at the forefront of that change, driving innovation through new technology and new business models. With our increased client base and ownership, SecFinex can become a world leader in the securities lending market."