HONG KONG, Feb. 22, 2011 /PRNewswire/ -- EquiLend, the automated securities finance trading platform, has announced they have opened an office in Hong Kong. EquiLend Asia Limited was established on Monday, February 14 and will service clients across the Asia Pacific region. Andrew McCardle has been appointed to head the office and is responsible for Sales, Business Development and Client Relationship Management across the region. Mr. McCardle joined EquiLend in 2006 and has previously held senior Business Development and Application Support positions in EquiLend's European office.
Brian Lamb, CEO of EquiLend, commented, "We are thrilled to expand our global coverage by establishing an office in Hong Kong. We've always had clients based in Asia but look forward to having a dedicated offering on the ground to service these clients as well as improving our outreach to potential clientele across this region. Our clients desire scalability, automation and efficiencies on a global scale and we are delighted to extend our resources to help them achieve this goal."
Andrew McCardle, Head of EquiLend Asia added, "Maintaining an office in Asia will enable us to further relationships with our Asian client base. I look forward to developing our presence and communicating our trade and post-trade offerings across the APAC region."
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Corp. are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the FINRA and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. EquiLend Canada Corp. is authorized and regulated by IIROC. All services offered by EquiLend are offered through EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Corp. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.