Equity financing specialist Opes Prime has appointed Mark Rice as head of sales and marketing.
Rice joins from Adelaide Bank where he focused on building the bank's margin lending business.
At Opes Prime he will be responsible for building the securities lending/equity financing business.
"Securities lending and equities financing will continue to be a main driver for us and Mark's experience and contacts in the stockbroking industry will be a huge plus," Opes Prime director and co-founder Julian Smith said.
Rice was also national operations manager for financial planning with Ord Minnett.
Opes Prime provides securities lending and equity finance services to stockbrokers, fund managers, corporations and individuals.
It was established in Melbourne in 2002 and has a book size of almost $1 billion.
In August, it hired former Merrill Lynch banker Chris Holly as manager of securities lending and equity financing.
