I am sad to say this will be my final post in this blog. I am taking up a new position as Global Head of Securities Lending at HSBC Securities Services from tomorrow and this personal blog is no longer appropriate. I started "Securities Lending Today - an Industry Under Siege" in the summer of 2008 at a time when it seemed like the world was fighting against securities lending and short selling. Back then the only media coverage outside of the specialty press was negative and often bordered on hysteria.
Today I think there is a much more balanced view, alongside an acceptance that some people will never be convinced of the importance of these activities to the capital markets. Since the crisis began in the summer of 2007, we have seen a number of countries approve the activity for the first time, flying in the face of conventional wisdom. This says to me that the future of the business is solid.
Writing the blog has been one of the most enjoyable experiences I have had, with the only frustration being the lack of time available for writing. I will continue to run the blog for a while, but there won’t be any new posts.
I have loved my time as a consultant (Zimmerhansl Consulting), trainer (FinTuition) and product specialist (Trading Apps). The consulting business will close with immediate effect. I will continue to own FinTuition, and the demand for training seems to be significantly increasing over the past few months. The management of FinTuition will fall to Pamela and Zafira who have really been doing this for some time now anyway. I will also cease working with Trading Apps as well, which is unfortunate. A great group of people and fantastic products – if you haven’t had a demo yet, you should check it out.
Thanks to everyone that has been a reader of this blog, a client, sponsor, partner, trainer, colleague or source of information. Your interest, efforts and money was, and is much appreciated. Hopefully you found value in my work.
I’m really looking forward to the opportunity that HSBC is giving me and there is tremendous potential growth for the business, building on the existing solid core activity and team. I look forward to seeing many of you in my new role.