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."