Prime brokerage firm Merlin Securities has announced that Andy Lando, one of the firm’s founders, has returned to the fold to lead the firm’s newly-formed securities lending group.
“We are delighted to welcome Andy back to Merlin to launch an important new offering for our clients,” said Stephan Vermut, founder and managing partner of Merlin Securities. “In this role, Andy and his team will centralize all securities lending activities with Merlin’s clearing brokers and give guidance to clients on both supply and rates. This consultative effort will help clients optimize their portfolios and continue to focus on generating returns for their limited partners.”
Lando, who will have the title of senior partner, and his team will be based in Merlin’s New York office.
Lando was formerly a managing director and global head of securities lending for Banc of America Securities, before becoming one of the five founding members of Merlin Securities in 2004. Prior to Banc of America Securities, he was vice president and head of the domestic equity securities lending desk at Paine Webber. Lando began his career with Shearson Lehman Hutton as a securities lending trader.