Feb 13, 2012
Liquidnet adds non-executive director in Europe
Block trading
venue operator Liquidnet has announced that Patrick Young has joined its
European business as a non-executive director.
Young, who has over 20 years experience across cash and derivatives markets in Europe,
North America and Australia, is currently chairman of DV Advisors, a securities
exchange consultancy. He was also recently CEO of Romanian derivatives market
SIBEX.
Young will
provide strategic counsel to Liquidnet as it seeks to grow its business in
the region and extend its exchange partnership strategy globally.
Liquidnet
launched its exchange partnership scheme last July with SIX Swiss Exchange.
Through the agreement, SIX Swiss
Exchange members can send block orders to Liquidnet and interact with the block
flow that resides in the multilateral trading facility. Speaking to
theTRADEnews.com at the end of January, John Barker, managing director at
Liquidnet Europe, said the firm hoped to sign up another three exchanges in the
near future.
“Over the years
I have watched with interest as Liquidnet has successfully created new
opportunities for institutional investors and other capital market participants
despite economic conditions and a changing equity market structure,” said
Young.
Young joins
executive directors Seth Merrin, John Barker, Simon Ormrod and fellow
non-executive director Adrian Fitzpatrick, head of investment dealing at Kames
Capital, on the Liquidnet board.