EXCLUSIVE: Sharegain welcomes former Morgan Stanley MD to board
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EXCLUSIVE: Sharegain welcomes former Morgan Stanley MD to board 20 February 2020London Reporter: Drew Nicol
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Sharegain has appointed former Morgan Stanley managing director Alex Ehrlich to its board of directors.
The UK-Israeli fintech firm with offices in London and Tel Aviv with a mission to "democratise" the securities lending market.
The platform is aimed at institutional investors, including private banks, asset managers and online brokers, and offers a "turnkey solution that enables them to lends their securities, with full control, transparency and automation, and no upfront cost".
Ehrlich joins the firm following 10 years as global co-head of prime brokerage for the US bank. He also headed the bank鈥檚 global listed derivatives and fund administration businesses and chaired the diversity council of their investment bank.
Prior to Morgan Stanley, Ehrlich led or co-led the global prime brokerage businesses of Goldman Sachs and UBS.
In a statement on the hire, Sharegain describes Ehrlich as a 鈥渨ell-known leader in the global capital markets, with a 40-year distinguished career on Wall Street鈥�.
On his new role, Ehrlich says: "I am impressed by the strength of Sharegain鈥檚 team and how its technology is beginning to transform the $2.5 trillion securities lending market.
鈥淚 am very excited to join the management team at Sharegain and look forward to contributing to its future success."
Meanwhile, Boaz Yaari, founder and CEO of Sharegain, adds: 鈥淎lex brings a wealth of experience and a deep understanding of the capital markets, especially securities lending.
鈥淲e are privileged to have an industry leader of his experience join Sharegain, and look forward to benefiting from his unique insights and inspiring leadership.鈥�
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