Jeff Benner, Northern Trusts deputy head of global securities lending, has been elected chairman of the EquiLend Holding LLC Board.
Banners appointment follows the earlier announcement that Richard Thompson, Northern Trusts head of international securities lending product management, was elected chairman of ISLA.
We are very proud of these appointments and the outstanding recognition of both Jeff and Richard by industry peers across the globe, says Andy Clayton, head of global securities lending for Northern Trust. Northern Trust is committed to promoting the advancement of connectivity and automation, as well being heavily involved with the industrys associations as a way to help shape the future of securities lending for the benefit of all market participants.
Brian P. Lamb, CEO of EquiLend, adds: I have worked with Jeff Benner for many years, initially as one of the many thought leaders that invented the EquiLend platform, and now I am very pleased to work closely with him again as chairman of the board of EquiLend. The securities finance industry benefits when companies such as Northern Trust and EquiLend work together on market initiatives.