Boosting Securities Lending
Traders Magazine, January, 2008 by Gregory Bresiger
Former Nasdaq and CIBC World Markets trading executive Bruce Turner was once part of the solution that helped over-the-counter equities become more efficient. Now he hopes to do the same for securities lending. Turner, a rabid Boston Red Sox rooter, likes underdogs who overachieve. His journey has taken him from one of the biggest trading houses, CIBC, to a relatively small securities lender, Quadriserv. He says he likes the challenge of serving a niche business at a small firm.
In an interview with Traders Magazine, Turner says he now has a chance "to remake a business." Turner, who serves as managing director and chief operating officer at Quadriserv, thinks he will once again have a chance to make as dramatic a difference as he did with OTC.
Quadriserv was...
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