TRADING UP: Liquidnet Lands Strobel for EMEA; O’Neil Hires Options Traders
Block trading firm Liquidnet announced the appointment of Patrick Strobel as Head of Technology for EMEA. In this newly formed role, Strobel will be responsible for building out Liquidnet’s strategic IT architecture in EMEA with an emphasis on the region’s Virtual High Touch MiFID II solutions. He brings over sixteen years’ experience delivering IT solutions for investment banks such as Deutsche Bank, where he came from, and JP Morgan. At Deutsche Bank, he held a number of senior roles including Head of P&L and IPV Technology, as well as Global Head of Equity Trading Analytics. He was responsible for building out Deutsche’s P&L reporting platform and defining the technology strategy for the domain. Prior to that, he oversaw the development of Deutsche’s equity trading analytics capability including TCA, pre-trade analytics and alpha capture on a global level. He reports to Bob Garrett, Head of Technology, based in New York.
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Deutsche Bank’ current head of equities, Tom Patrick, has been asked to take on the additional role of CEO for the Americas Region. Patrick has been with the bank since 2012 after spending 18 years with Bank of America Merrill Lynch.
Also at the German Bank, Yashar Asl and Edgar Harty, the (now former) co-heads of electronic trading for EMEA in London have both left the firm following a dispute on reporting lines, following a reshuffle earlier last month. The two now look set to join French firm Exane, after a decision to push the two to report to head of systematic trading Neal Nadoo, looks to have provided the catalyst for the departures.
The New Zealand Stock Exchange appointed David Flacks as the independent Chair of NZX’s Regulatory Governance Committee.
The Board of Directors of National Commodity & Derivatives Exchange Limited, an online multi-commodity exchange, extended its Chief Executive Officer, Samir Shah, term by six months. Shah will be eligible to apply for the post which has been advertised in a national daily.
The Commodities Futures Trading Commission officially appointed Brian Quintenz as a Commissioner. His term expires in April 2020.
LXM Group has hired David Hegarty as Senior Trader in New York. Hegarty’s main role will be to broke U.S. equities and focus on facilitating the trading of ADR shares in Asian and European companies. Prior to joining LXM, he was Co-Head of Trading at Kepler Cheuvreux in New York, before moving to Jefferies in 2014 as Senior Vice President of Equity Trading. The firm also landed Joe Froschauer as Head of Trading and General Manager in the U.S. in July.
High-touch trading firm O’Neil Securities has landed veteran options sales traders Peter Mihopoulos and Daryn Bourbin on its Equity Sales Trading desk in New York. Together the two bring more than decades of experience to their new roles. Both most recently worked at financial advisory services firm The Benchmark Company, where Mihopoulos managed cash equities and options trading relationships for institutional accounts. Prior to that, he worked at Pali Capital as an equity sales trader and Spear, Leeds & Kellogg as NASDAQ market maker. He began his career at CIBC Oppenheimer. Prior to his decade and a half at Benchmark, Bourbin worked at Sherwood Securities as a NASDAQ market maker.
Tony Davison has been named Head of Sales for EMEA at Quantitative Brokers. Davison moved to QB in July from his role as Chief Strategy Officer at Celer Technologies. Prior to that, he worked at Morgan Stanley in FX and rates, and before that, at Deutsche Bank, as head of the European-listed derivatives e-commerce and clearing and clearing sales team.
New Sparta Asset Management (NSAM), the specialist emerging market investment manager, hired Jeff Kirby as Managing Director of its new Real Estate Division. This follows NSAM’s establishment of New Sparta Energy, led by Bill Barry and specializing in the development of renewable power projects in sub-Saharan Africa Energy. Earlier this month Barry recruited three experts to join his team – David Anson as Director and Head of Development, Richard Scott as Project Director and Camille Astier as Legal Director. Kirby, a pro with over 33 years’ international experience, came from a Central and Eastern European (CEE) Real Estate Development and Fund Management Platform that he set up, raised and closed. Also joining Kirby is Stelian Mitu. Mitu was an investment Director at a $3bn New York-based emerging markets fund.
The government is also setting up a new green finance Institute.
Hivemind’s data science expertise will be available to a wider market.
Reorganisation could potentially impact 210 positions worldwide.
Average gender pay gap for bonuses at banks in the UK is 52%.
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