Buy-side-focused block-crossing network Liquidnet has added two former US watchdogs and a leading academic administrator to its board.
Former Securities and Exchange Commission (SEC) commissioners Lady Barbara Thomas Judge and Roel Campos join Lawrence S. Bacow as Liquidnet’s latest non-executive board members.
Seth Merrin, founder, chief executive and chairman of the board of directors of Liquidnet, said the new appointments would bring significant global regulatory and economic expertise to the firm.
“Our new board members bring extensive international experience in the public and private sectors as well as intimate knowledge of the global regulatory environments,” said Merrin. “They also bring a shared commitment to our mission of providing institutional investors with superior liquidity and best execution.”
Lady Judge was appointed in 1980 as the youngest ever commissioner of the SEC. She is currently chairman of the Pension Protection Fund, a statutory corporation created by the UK’s Pensions Act of 2004 to insure defined benefit pension plans in the UK.
Campos was an SEC commissioner from 2002 to 2007, where he was vice chair of the technical committee of the international organisation of securities commissions. He is currently a partner with Locke Lord LLP, leading the firm’s securities regulation and enforcement practice. Campos was recently named to President Obama’s Presidential Intelligence Advisory Board.
Bacow was president of Tufts University from September 2001 to August 201l and is also a former chancellor of the Massachusetts Institute of Technology. He has served in a range of government advisory positions and has held visiting professorships at leading universities in Europe, the Middle East and Latin America. Earlier this year he was named a member of the Harvard Corporation, the nine member governing body of Harvard University.