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Penson Worldwide Names Tyrone Conybear Director of Operations of Its UK Clearing, Settlements and Execution Services Business

^{Published on 2010-06-30 04:05:56 - Market Wire}
 

LONDON--([ BUSINESS WIRE ])--Penson Worldwide, Inc. (NASDAQ: PNSN) of Dallas today named Tyrone Conybear as Director of Operations of Penson Financial Services Ltd. (PFSL), its London-based clearing, settlement and execution services subsidiary.

"We are pleased to welcome Tyronea™s experience and knowledge of the industry to lead our operations team. Wea™re excited about the opportunities this role will bring."

Since 2003, Mr. Conybear, 42, had served as Head of Investment Operations of Butterfield Private Bank, the London-based Private Wealth & Investment Management operation of The Bank of N.T. Butterfield & Son Limited. Mr. Conybear has more than 24 years experience in buy and sell side clearing and settlement, having also held senior operational roles at Indosuez WI Carr and Williams de Bro Ltd.

Clive Triance, CEO of PFSL ([ www.penson.com/pfsl ]), said, "We are pleased to welcome Tyronea™s experience and knowledge of the industry to lead our operations team. Wea™re excited about the opportunities this role will bring."

About Penson Worldwide: [ www.penson.com ]

The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. The Penson Worldwide group of companies includes Penson Financial Services, Inc., Penson Financial Services Canada Inc., Penson Financial Services Ltd., Nexa Technologies, Inc., Penson GHCO, Penson Asia Limited, and Penson Financial Services Australia Pty Ltd, among other companies. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995. Penson Worldwide - Building the Best Clearing and Execution Services Firm in the World.

Penson Financial Services, Inc. is a member of the New York Stock Exchange, NYSE Alternext, Chicago Stock Exchange, FINRA, the Chicago Board Options Exchange (CBOE), OneChicago, the International Securities Exchange (ISE), the NYSE Arca Exchange, the Options Clearing Corp (OCC), the MSRB, NSCC, ICMA, DTC, Euroclear, SIPC and is a participant of the Boston Options Exchange (BOX). Penson Financial Services Canada Inc. is a participating organization with the Toronto Stock Exchange, the Montreal Exchange, the CNQ Exchange and the TSX Venture Exchange, is regulated by the Investment Industry Regulatory Organization of Canada, is a member of the CIPF, CDCC and CDS and subscribes to various Canadian Alternative Trading Systems. Penson Financial Services Ltd. is a member of the London Stock Exchange and is authorized and regulated by the Financial Services Authority. Penson Financial Services Australia Pty Ltd is a member of the ASX Group, which operates the Australian Stock Exchange and the Sydney Futures Exchange. Penson GHCO is a registered Futures Commission Merchant and clearing member at the Chicago Mercantile Exchange, Chicago Board of Trade, Kansas City Board of Trade, London International Financial Futures Exchange, and ICE Futures.

Forward-Looking Statements

Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.