eSecLending, a global securities lending agent, has appointed Peter Economou to the newly created position of chief risk officer, effective Aug. 6. In this capacity, Economou will be responsible for the oversight and strategic development of enterprise risk management on a global basis.

Economou has over 25 years of experience in capital markets, balance sheet management and portfolio management. Previously, he served as executive vice president and global head of securities finance & portfolio solutions at financial services holding company State Street. He also held various positions while at State Street, including global head of trading and risk management and global head of asset liability management.

Prior to that, Economou served as senior managing director at Premier Global Securities Lending and as a financial advisor at Morgan Stanley.