ConvergEx hires Bruce to lead dark push in Europe

US-based ConvergEx Group has appointed former Nomura and Morgan Stanley electronic trading executive Jeremy Bruce to lead the trading technology provider’s European sales effort.

As managing director and head of European sales for ConvergEx’s global execution business, Bruce will be responsible for sales and new business development for the firm’s electronic and high-touch execution services, including its new Global Darkest algorithm. According to ConvergEx, clients will use the new tool “to effectively aggregate almost all European liquidity in ways that have never been done before”.

Bruce, previously head of European electronic trading sales at Nomura and executive director for Morgan Stanley Electronic Trading, said ConvergEx’s “tremendously innovative products” would help solve clients’ increasingly complex liquidity needs.

ConvergEx’s execution business offers a wide range of tools including suites of algorithms, direct market access, ADR products, as well as ETF, portfolio and high-touch execution services. ConvergEx Group, which provides technology-based services to asset managers and other financial services firms globally, was formed in 2006 from the combination of investment technology provider Eze Castle Software and the institutional execution business of  BNY Mellon.

William Capuzzi, president of the firm’s global execution business, said Bruce was well placed to drive revenues from ConvergEx’s European investments. “Jeremy is experienced, deeply knowledgeable and has a great reputation in the region,” he said. “We have committed significant resources toward growing our European footprint by investing in new talent and new technologies.”