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Albert Fried & Company to Expand Securities Lending Department

Press Release: 

January 14, 2011 (New York, N.Y.)-   Albert Fried & Company, LLC (Member FINRA, NYSE & SIPC), is pleased to announce the hiring of Gerard Losurdo as Managing Director and Kim Wilson as Director of its Securities Lending Department.

Mr. Losurdo has been brought onto manage and expand the firm’s existing Securities Lending program and  coordinate with existing  Execution, Trading, Prime Brokerage, and Clearing businesses  to capitalize on operating efficiencies.

Albert Fried, Jr., Managing Member & CEO, stated “As our firm matures into an institutionally focused financial services organization, we realize that Securities Lending touches and compliments all our existing businesses”.  Anthony Katsingris, COO, added “We are very fortunate to partner with Mr. Losurdo.  Jerry brings a diverse background and 25 years of experience in Securities Lending to our firm and we look forward to him and his team becoming an important part of our future”.

Prior to joining AF&Co, Mr. Losurdo formerly served as Managing Director of Securities Lending at Swiss American Securities.  “I’m excited to join the Albert Fried & Company team.  The firm’s culture and mission statement strive for excellence in customer service; this is a major value add to the success of this offering. With the many cross sale opportunities available at Albert Fried & Co, large scale achievement and growth are assured” said Mr. Losurdo.

About Albert Fried & Company: Founded in 1919, Albert Fried & Company established its roots as a Specialist Firm on the New York Stock Exchange. Since that time Albert Fried & Company (AFCO) has evolved into a premier “Institutional Centric” financial services organization, providing electronic and high touch execution and trading services, trading technology, prime brokerage & clearing, commission management and other value-added services to buy-side and sell-side clients globally.

Interested Party and Media Contact:

Albert Fried & Company, LLC.

Anthony Katsingris +1(212) 422-7282

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