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Penson Worldwide, Inc. Appoints William Mclemore Senior Vice President and Chief Technology Officer

Penson Worldwide, Inc. (NASDAQ: PNSN), a leading provider of execution, clearing, settlement and custody services for the global securities markets, has appointed William McLemore to the position of Senior Vice President and Chief Technology Officer. Mr. McLemore will be responsible for the oversight of Penson’s global technology initiatives and developing the global technology vision of Penson Worldwide. He will also have responsibilities for the technology operations of Penson Financial Services, Inc., the U.S. clearing arm of Penson Worldwide, Inc.

“Since our inception, Penson Worldwide has placed a high premium on providing technology-focused securities services,” said Daniel P. Son, President of Penson Worldwide, Inc. “William McLemore has spent nearly 25 years applying technology solutions to business challenges, primarily in the financial services industry. He has used a highly-principled, pragmatic and process-oriented approach to lead technology organizations in large Fortune 500 public companies, as well as medium and small privately-held companies, to greater levels of productivity and innovation. His leadership in the technology arena will be a true asset to Penson.”

Mr. McLemore comes to Penson from SunGard Phase3, where he served as Senior Vice President of Product Development and Professional Services and served on the firm’s Operating Committee. He spent 5 years prior to joining SunGard at The Brink’s Company, where he was Director of Software Systems for global software initiatives. Prior to that, Mr. McLemore spent eight years at Southwest Securities, where he served in various technology roles including the Vice President of Systems Development and Operations.