Penson appoints Conybear to lead UK clearing operations

Source: Penson Worldwide

Penson Worldwide, Inc. (NASDAQ: PNSN) of Dallas today named Tyrone Conybear as Director of Operations of Penson Financial Services Ltd. (PFSL), its London-based clearing, settlement and execution services subsidiary.

Since 2003, Mr. Conybear, 42, had served as Head of Investment Operations of Butterfield Private Bank, the London-based Private Wealth & Investment Management operation of The Bank of N.T. Butterfield & Son Limited. Mr. Conybear has more than 24 years experience in buy and sell side clearing and settlement, having also held senior operational roles at Indosuez WI Carr and Williams de Broë Ltd.

Clive Triance, CEO of PFSL (www.penson.com/pfsl), said, "We are pleased to welcome Tyrone's experience and knowledge of the industry to lead our operations team. We're excited about the opportunities this role will bring."

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