BATS Chi-X Europe appoints two new board directors
equities market operator BATS Chi-X Europe has put Adam Eades and John Woodman on
its board of directors as executive director and independent non-executive
these additions, the BATS Chi-X Europe board now stands at seven members,
including executive chairman and chief executive officer Mark Hemsley.
serve as head of regulatory and legal affairs for BATS Chi-X Europe. He assumes
the executive board position held by chief operating officer Paul O’Donnell,
who departs in August. Eades joined BATS Chi-X Europe in November 2011. Previously,
he was general counsel for Henderson Global Investors and spent 14 years at London
International Financial Futures and Options Exchange LIFFE (now part of NYSE) and NYSE Euronext,
where he held senior executive positions in European and global legal affairs.
most recently served a four-year tenure as non-executive director and
subsequently chairman of the board of Chi-X Europe Ltd and is currently a
member of the FSA Regulatory Decisions Committee. Woodman was one of the
founders of Efficient Frontiers, a consulting firm specialising in capital
markets, and has previously held executive roles at UBS and Knight Securities.
ably guided us through the legal and compliance transition following the Chi-X
Europe acquisition and has been an invaluable addition to the team. John, in
addition to a distinguished career, is a respected industry leader bringing
significant board experience to guiding the management of a pan-European
trading platform, as we evaluate new business opportunities and navigate a changing
regulatory landscape,” said Hemsley during the announcement.
Europe reported 24.5% overall European market share in June 2012. Exchange
group Bats Global Markets completed the $300 million takeover of rival Chi-X
Europe and merged the trading venues in the first half of 2012 to create a
viable alternative to the region's dominant stock markets.
Reporting by Jaya Menon