Albert Fried goes for growth with key hires 02 February 2011New York Reporter: Ben Wilkie
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Gerard Losurdo has been appointed managing director of securities lending at Albert Fried and Kim Wilson as director of its securities lending department.
Losurdo has been hired to manage and expand the firm’s existing securities lending programme and coordinate with existing execution, trading, prime brokerage, and clearing businesses to capitalise on operating efficiencies.
Albert Fried, Jr., managing member & CEO, stated: “As our firm matures into an institutionally focused financial services organisation, we realise that securities lending touches and complements all our existing businesses.”
Anthony Katsingris, COO, added: “Jerry brings a diverse background and 25 years of experience in securities lending to our firm and we look forward to him and his team becoming an important part of our future”.
Prior to joining AF&Co, Losurdo served as managing director of securities lending at Swiss American Securities. “I’m excited to join the Albert Fried & Company team. The firm’s culture and mission statement strive for excellence in customer service; this is a major value add to the success of this offering. With the many cross sale opportunities available at Albert Fried & Co, large scale achievement and growth are assured,” he said.
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