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
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.”