Callan Consultant Inducted into Securities Services Hall of Fame.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Callan Associates today announced Virgilio "Bo" Abesamis, senior vice president of Callan's Master Trust, Global Custody and Securities Lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. group, has been inducted into the Securities Services Hall of Fame for Outstanding Contribution by a Consultant. Global Custodian magazine Global Custodian Magazine is the trade publication covering the international securities services industry. GlobalCustodian.com refers to website of Global Custodian Magazine, which is updated daily and provides news and events coverage of the custody and securities industry. inducted US-based legends into its Hall of Fame at an awards ceremony held in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. last month - the first event to celebrate the publication's 20th anniversary. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Global Custodian, the award is to honor individuals who have done the most to create, develop and grow the securities services industry. Hall of Fame inductees were selected from global custody, sub-custody, central depositories, clearing houses, securities lending and financing, mutual fund administration, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" administration, private equity fund administration and prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. . In selecting nominees, Global Custodian applied criteria similar to those that qualify great and long-serving baseball players for elevation to the National Baseball Hall of Fame. "The men and women inducted into the Hall of Fame have shown a long record of service to the industry, outstanding effort, ability or innovation within it, and the finest personal qualities," says Dominic Hobson, editor in chief of Global Custodian. "We have sought also to recognize individuals who are appreciated beyond their own firms and countries of origin, and who have made an unusual or marked contribution to the growth or development of the industry." Hundreds of nominees were considered, but the magazine chose the inductees based on its staff's knowledge and observations of the securities services industry during the past 20 years and the opinions and advice of industry veterans. "Bo has been a trusted voice within Callan for 22 years; his knowledge in securities lending, master trust and global custody is unmatched," said Ron Peyton, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Callan Associates. "He is a talented client advocate who thoroughly understands and can effectively communicate the realities and complexities of securities lending issues to his clients and colleagues. We are all very proud of his achievement today." About Callan Associates Founded in 1973, Callan Associates is one of the largest independently-owned investment consulting firms in the country. Headquartered in San Francisco, Calif., the firm provides research, education, decision support and advice to a broad array of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. through five distinct lines of business: Fund Sponsor Consulting, Independent Adviser Group, Institutional Consulting Group, Callan Investments Institute and the Trust Advisory Group. Since its inception in 1991, Callan's Master Trust, Global Custody and Securities Lending group has lead the institutional investment consulting industry in providing dedicated resources and consulting services to clients interested in trust, custody, securities lending and transition management issues. For more information, visit www.callan.com. |
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