Hedge Fund Adds Ex-Deutsche Exec. For Securities Lending

Oct 25 2012 | 12:01pm ET

Hedge fund EQI Asset Management is leaping into the securities lending business with a new hire.

The three-year-old firm has added Ben Sofoluwe to develop the new business line. Sofoluwe is the former European head of client financing at Deutsche Bank, which he left earlier this year. He started at London-based EQI on Monday.

"Sofoluwe will further establish and develop EQI's securities lending business as we continue to increase assets under management, having had three successful years," EQI trading chief Steve Smith told Financial News.

EQI has some $250 million in assets and is led by Merrill Lynch and Goldman Sachs veteran Salim Mohamed.

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