SecFinex has appointed Peter Fenichel to the position of CEO.
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.
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, Fenichel was consultant and senior advisor at Cairneagle Associates.
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 Socit Gnrale and Fortis. 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.
“Im 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. 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,” says Peter Fenichel, CEO, SecFinex.