ESP Holdings Corp., parent company of Electronic Securities Processing (ESP) LLC., the buy-side solution providing seamless, global execution, neutral routing and centralized settlement, announced today that it has elected Scott Lenowitz to the board of directors of the company.
“Scott’s track record for delivering innovative solutions and quality service to clients is very impressive”, said Joshua S. Levine, CEO of ESP. “With his deep understanding of client needs, coupled with his operations and technology background, he will be a tremendous addition to our board.”
Mr. Lenowitz recently retired from Morgan Stanley after 23 years of service, where he was a Managing Director in the Institutional Equity Division and was responsible for technology and customer electronic trading. His experience, knowledge and leadership in the securities industry has been widely recognized by the sell-side and buy-side alike. After the market crash of 1987, Mr. Lenowitz was a member of the Presidential Task Force on Market Mechanisms (the Brady Commission). Prior to his tenure at Morgan Stanley, he was a public accountant at Arthur Young.
“ESP has the solution the buy-side clients have been asking for – namely, a way to manage the complexity and cost of trading and market fragmentation,” Lenowitz said. “I look forward to working with the board to help shape the direction of the company as it continues to tackle industry challenges and opportunities.”