Prominent economist and two former sec commisioners join liquidnet’s board of directors10.31.2011
New Appointments Bring Significant Global Regulatory & Economic Expertise As Liquidnet’s Growth Continues
New York, October 31, 2011
Liquidnet, the global institutional trading network, announced today the appointment of three prominent industry leaders to its Board of Directors. They are Lawrence S. Bacow, an economist, attorney and former President of Tufts University, Roel Campos, a former Commissioner of the Securities and Exchange Commission (SEC), and Lady Barbara Thomas Judge, an international banker and lawyer who has served in regulatory roles in both the UK and the US, including as a former SEC Commissioner.
“Our new board members bring extensive international experience in the public and private sectors as well as intimate knowledge of the global regulatory environments. They also bring a shared commitment to our mission of providing institutional investors with superior liquidity and best execution,” said Seth Merrin, founder, CEO and Chairman of the Board of Directors of Liquidnet. “They join the board as we are successfully expanding our model to an increasing number of global markets and seeking out new opportunities to source liquidity for institutional investors. We look forward to their participation in the continued development of our strategy, with its singular focus on meeting the needs of institutions that oversee trillions of dollars of assets on behalf of retirees and other individual long-term investors.”
Mr. Bacow served as President of Tufts University from September 2001 to August 201l. A recognized expert on environmental policy and a former Chancellor of Massachusetts Institute of Technology, he has served in a range of government advisory positions and has held visiting professorships at leading universities in Europe, the Middle East and Latin America. On May 25, 2011, Mr. Bacow was named as a member of the Harvard Corporation, the nine member governing body of Harvard University.
Mr. Campos served as an SEC Commissioner from 2002 to 2007 and is currently a partner with Locke Lord LLP, leading the firm’s securities regulation and enforcement practice. While at the SEC, he was Vice Chair of the Technical Committee of the International Organization of Securities Commissions and facilitated the development of international auditing and accounting standards. Mr. Campos was recently named to President Obama’s Presidential Intelligence Advisory Board.
Lady Judge has served in senior executive roles in the US, Asia and Europe. She is currently Chairman of the Pension Protection Fund, a statutory corporation created by the UK’s Pensions Act of 2004 to insure defined benefit pension plans in the UK, and previously served as Chairman of the U.K. Atomic Energy Authority from 2004 to 2010. A former partner in Kaye, Scholer, Fireman, Hays & Handler in New York, she was appointed by the President of the United States in 1980 as the youngest ever Commissioner of the SEC. While at the SEC, she began its efforts to strengthen international securities regulation.
The appointments, which were effective October 1st, bring the total number of board members to 9.
Liquidnet is the global institutional trading network that connects equity investors with the liquidity they need– in size, at any time, from anywhere. We go beyond what the current market can provide by defending and securing the integrity and anonymity of the block trade. We do this while continuously looking for ways to bring in new sources of safe, actionable liquidity from asset management firms, exchanges, brokers and corporations. Since we launched in 2001, our ability to anticipate and meet institutional demand has allowed us to extend trading to 39 equity markets across five continents for asset management firms who collectively manage US$12.5 trillion. For more information on the Liquidnet community, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com
Liquidnet Holdings, Inc.
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