Alexander King, Cfa Email & Phone Number

New York, United States

Boston, Massachusetts, United States

 Recruited by business unit head to manage FAL’s complete international lending business, during overnight hours, covering APAC and EMEA markets + Canadian securities and ADRs through counterparty relationships  Identified, analyzed, and traded structured term trades, SCRIP options, rights issues, tenders, and other corporate action arbitrage opportunities.  Quickly developed relationships with offshore traders by leveraging strong relationships built working on the U.S. Equity desk, providing strategic insights and responsive service Generated over $11M in “specials” revenue (~43% of total specials revenue)  Created a “gamification” strategy, which led to a significant increase in the number of follow-on trades generated from an initial interaction.  Authored the INTL Front Office Desk Procedures and Written Supervisory Procedures, presented to and approved by both internal and external audit.

Greater Boston Area

 Managed daily cash estimates and developed a method of estimating FAL’s end of day cash position, allowing for earlier, more frequent, more accurate estimates being communicated to the cash management team. Expanded coverage from 6 counterparties to 12, accounting for $10B+ in balances and 40%+ of annual revenue Developed the template used by the entire trading team for checking locates and creating lists of securities in demand to push to borrowers. Provided daily market color to the client regarding current demand drivers, corporate events, and potential structured trade opportunities. Responsible for the management of all Automated lending (accounting for over 76% of total trade volume). Authored the Front Office Desk Procedures and Written Supervisory Procedures, presented to and approved by both internal and external audit.

Boston, Massachusetts, United States

 Led team of 150+ associates from 8 cross-enterprise project, operational, and executive teams to successfully deliver an Affiliated Agent Lender, totaling $2.7 trillion in assets, in only 9 months.  Negotiated project-critical contracts with 6 global custodians and multiple broker dealers and was their primary POC  Presented the project’s business case to representatives of the SEC and FINRA and secured the SEC’s commitment to take no action against Fidelity for employing an Affiliated-Agent without exemptive relief.  Negotiated and secured a syndicated indemnification insurance policy Successfully negotiated the terms for a third-party account, without which the project could not progress.  Created and secured executive / legal approval of critical business process structures (Billing, Cash & security movements, intraday/overnight funding).  Designed, built, and managed internal website to support the project.  Negotiated a restructuring of the fees paid to custodians, reducing the cost to the business significantly compared to the clients’ prior Agent Lender.  Created/maintained presentation materials for senior management and presented bi-weekly progress reports  Authored memo to the Special Investment Committee securing the investment required for Phase 2

Greater Boston Area

 Advocated for and participated in a company sponsored Excel class focused on process automation; leveraged learning to augment the international borrow return process which, in turn, now handles a 230% higher return volume and generates 32% fewer manual errors, resulting in a higher probability of meeting the various international market return deadlines  Managed the administration of Fully Paid, a new product offered to clients seeking to earn incremental income on long equity positions through the securities lending market  Functioned as Middle Office point person on all automation projects concerning Securities Lending; all training of team members (including remote/offshore personnel); and for leading a new Fully Paid Ledger project Successfully coordinated with traders and technology teams to develop and implement automated account enrollment for our Fully Paid program, leading to significantly greater program scalability (from 20 to 43 new accts. per week on average) and reduced potential for human error.  Led the effort to automate the securities lending street side billing process

Boston, Ma

 Liaised with custodians, third party agent lenders, and brokers to settle monthly charges for all stock loan positions; resolved various accrual abnormalities; and managed/adjusted borrow and loan rates in response to benchmark fluctuation (ex. OBFR)  Monitored corporate action items around record date and adjust positions based on potential implications for securities loaned to Prime clients (via Arranged Financing); borrowed from Fully Paid clients over record date.  Supported Arranged Finance, a Prime Brokerage product used to enhance leverage for Prime clients while reducing capital usage within Fidelity, enabling greater financial flexibility relating to regulatory capital.

Bachelor Of Science (Bs), Finance

Bachelor Of Science - Bs, Economics

Education record