Cinnober Chairman Nils-Robert Persson Steps Down

Nils-Robert Persson, chairman of Cinnober, has stepped down from his position at the company after 20 years. Persson’s departure from Cinnober this month follows that of deputy CEO, Per-Anders Häll Bedman, who left the company in December 2018, shortly before its acquisition by Nasdaq.

Since the acquisition, OCC has selected to replace its legacy clearing operations with a system employing Cinnober’s TRADExpress RealTime Clearing. Persson, says: “In 2007, I defined 10 dream customers for Cinnober. With OCC, we now have eight of them. Unfortunately, I will not be involved in delivering to OCC, but wish all involved the best of luck.”

Brian Conroy Appointed Liquidnet President

Liquidnet, a technology-driven, global institutional investment network, has appointed Brian Conroy as president. In this role, Conroy will work alongside Liquidnet CEO and founder, Seth Merrin. Conroy brings over three decades of experience in the financial services industry to Liquidnet, joining the company from Fidelity International in London, where he served as president. He will be based in New York and report directly to the CEO.

Artur Fischer Steps Down from Role of CEO at Equiduct

Artur Fischer, CEO of Börse Berlin and responsible for founding Equiduct, is stepping down from his position as the joint CEO of Equiduct. David Murphy, who has served as chief operating officer and head of operations and business development at Equiduct, is set to succeed Fischer. Equiduct is a pan-European trading venue operated by Börse Berlin and offering trading platforms for professional investors and retail investors.

Horizon Names Philippe Thomas as an Advisory Board Member

Horizon Software has named Philippe Thomas as a member of its advisory board. Thomas has previously held executive positions at Ullink and SunGard, and joins Horizon from his role as a consultant and investor at New World Wind, a provider of sustainable electrical services. The appointment is part of the company’s expansion strategy following an MBO in June 2018 and requires Thomas to provide coaching on business strategies that will support Horizon’s global growth.

QuantHouse Appoints CTO and COO to Drive Growth and Innovation

QuantHouse has appointed its co-founder Denery Fenouil as chief technology officer (CTO) and Emmanuel Carjat, co-founder of Atrium Network, as chief operating officer (COO) to facilitate the company’s global growth. Rejoining the firm to oversee software and technology development, Fenouil was previously the architect of QuantHouse’s low latency market data solution. As COO, Carjat will manage QuantHouse’s operations and guide continued growth, which the firm says has escalated since the buyback from S&P in 2017, driven by product innovation and strategic investment.

FSB Names US Federal Reserve’s Randal K Quarles as Chair

Mark Carney will step down from the role of chair at the Financial Stability Board (FSB) at the end of this month, making way for Randal K Quarles, governor and vice chairman for supervision at the US Federal Reserve, to take the chair for a three-year term running from December 2, 2018 to December 1, 2021. Klaas Knot, president of De Nederlandsche Bank, becomes vice chair and will succeed Quarles as chair from December 2, 2021 to December 1, 2024. The appointments were recommended by a specially convened FSB nominations committee and unanimously agreed by the plenary of the organisation.

LSE Group Names Tom Dunlap as CDO of Information Services Division

London Stock Exchange Group (LSEG) has named Tom Dunlap as chief data officer (CDO) of its Information Services Division, which includes global index provider FTSE Russell. The role is new and gives Dunlap responsibility for developing and leading the division’s global data strategy, overseeing a global team across multiple sites, engaging with key global clients, and working collaboratively across LSEG’s business, operations and technology areas to drive future growth. Dunlap will be based in LSEG’s Fort Mill, South Carolina office.

Horizon Software Names Keith Todd as a Member of its Advisory Board

Horizon Software has named Keith Todd CBE as a member of its advisory board. The addition of Todd to the Horizon team follows a management buy-out of the company with private equity firm Capzanine in June 2018 and a period of growth. Todd brings over 40 years of technology business experience to institutions ranging from publicly listed and large multinationals to start-ups. Before launching the software group KRM22, of which Todd is chairman and CEO, Todd was executive chairman at ION Agency Trading. He also served as executive chairman and CEO of FFastFill, a software-as-a-service provider to the derivatives community.

Digiterre Names Rob Swan as Partner and Commercial Director

Trading and investment technology supplier Digiterre has named Rob Swan as partner and commercial director. Swan has held positions at HSBC Asset Management, Close Brothers, Henderson Global Investors, Skandia Investment Management and Neuberger Berman. He most recently led the data services team at Calastone, where he offered a global distribution insight tool for both fund manufacturers and distributors. At Digiterre, Swan will be responsible for overseeing commercial strategy and increasing offerings to new and existing clients.

Vela Names Scott Visconti as Chief Technology Officer

Vela has named Scott Visconti as chief technology officer (CTO), a role reporting to CEO Jennifer Nayar and responsible for technology strategy, supporting growth and next stage development of Vela’s product stack, services and processes. Visconti will be based in Vela’s headquarters in New York and will lead the global development team while working alongside the executive team to cement the firm’s position as an innovative and transformational leader. Prior to joining Vela, Visconti co-founded MarketOpen, a start-up data analytics platform providing trading surveillance of stocks, exchange-traded funds, equity options, futures and crypto assets for investor relations and market professionals.