Penson Financial Services Limited (PFSL), the UK-based subsidiary of Penson Worldwide (NASDAQ: PNSN), has named Andrew Jones, 39, Head of International Securities Lending.
Based in London, Jones will be responsible for Penson's growing securities lending business in Europe.
"We're pleased to welcome Andy aboard and excited about what it means long-term for PFSL," said Mike Johnson, head of Global Securities Lending at Penson Worldwide, Inc. "He brings with him a wealth of experience-his strengths and knowledge of the industry align with an already impressive team in our global securities lending business. Together, they will play a crucial role in advancing the Penson strategy."
"Jones has unparalleled experience and expertise in this space," added Alan Philpot, Managing Director and CEO of PFSL. "I am delighted to welcome him to our team and am excited about the opportunities that this role will bring."
Jones has over 10 years of experience in the securities lending business, and has spent time working in Hong Kong and Japan. Jones has also held positions with Dresdner and ING earlier in his career.