Pruis joins EquiLend in the newly created role of president with more than 16 years experience in the securities industry, including nine years working at The Goldman Sachs Group, a founding consortium member of EquiLend. Pruis was most recently a vice president in Goldman Sachs’ Technology Strategy Group, where he headed multiple strategic initiatives, including project management for the incubation of EquiLend, according to the firm.
As president, Pruis will focus on leading the execution and rollout of the platform.
Additionally, EquiLend has named Richard Levin as general counsel. Levin joins the firm from Knight Trading Group where he was assistant general counsel and regulatory affairs officer. As general counsel for the holding company and chief compliance officer for its broker-dealer subsidiary, Levin will be responsible for all legal matters for EquiLend and for insuring EquiLend’s compliance with all governmental rules and regulations.
The appointments are effective immediately.
The firm has also named Andy Kollegger, executive director at UBS Warburg, as chairman of the company’s newly formed International Committee.
That group will focus on engaging participants and continuing to ensure platform functionality for European markets, according to the firm. Kollegger will maintain his current role at UBS Warburg, one of EquiLend’s founding consortium members.
The new committee is comprised of European securities lending industry leaders from all ten founding member companies:
- Barclays Global Investors
- Bear, Stearns & Co.
- Goldman Sachs
- JP Morgan Chase
- Lehman Brothers
- Merrill Lynch
- Morgan Stanley
- Northern Trust
- State Street
- UBS Warburg.
EquiLend Holdings LLC was formed in May 2001 to develop a global platform for the automation and negotiation of securities financing transactions between securities lenders and borrowers.
See also Both A Borrower A Lender Be