Susan Peters has joined Sharegain as head of operations for the Americas, representing the securities lending platform provider’s first US hire.
Sharegain’s platform aims to offer private banks, asset managers and online brokers a way to earn additional revenue by lending their securities with a high level of control, transparency and automation, along with no upfront costs.
Based in New York, Peters will act as the vanguard of Sharegain’s move into the US following what it describes as a “significant uptick in demand” from US financial institutions for its services this year.
“The COVID-19 pandemic has been a major catalyst to our business, so now is the right time to bring forward our global expansion plans,” says Sharegain CEO and founder Boaz Yaari. “Susan’s experience and her network within the industry will play a critical role in building our North America operations.”
A spokesperson for Sharegain tells SLT the firm has plans to establish a US office and a local team in 2021.
Peters will work closely with Yaari and Sharegain’s US-based board member Alex Ehrlich, former global co-head of prime brokerage at Morgan Stanley.
She has held multiple leadership roles at various financial institutions, fintechs and consultancy firms in recent years but may be best known as the co-founder and CEO of eSecLending the specialist agent lender services provider.
eSecLending was founded in 2001 and Peters served as CEO until it was sold to a private equity firm in 2007.
Before that Peters spent seven years at State Street developing its securities lending products before moving to Credit Suisse in 1998 to set up its agency lending desk in New York. From there she went on to form eSecLending.
“I’m very excited to join Sharegain,” says Peters. “Sharegain has a great team, a powerful product and are best placed to bring securities lending into the digital age and drive wider adoption.”
“20 years ago, the technology wasn’t ready, now it is. I only wish I’d had it throughout my career.”
Yaari adds: “We’re thrilled to have Susan on board. Susan has the Sharegain DNA and brings a wealth of experience and complementing synergies to our team.
“This, alongside her remarkable execution abilities, will inevitably contribute to our successful expansion into North America.”
Elsewhere, Sharegain has also welcomed Johan Rasmusson as a sales director from Datasite, a global dashboard provider for the merger and acquisition sector.
Rasmusson also brings experience from stints with SEB and Bloomberg.
