Mike Kuehnel
Dennis Dijkstra has decided not to continue in his role as chief of the market maker and liquidity provider, Flow Traders. Instead, he plans to transfer authority to the current CFO, Mike Kuehnel, who will take on the position from February 2023.
Dijkstra has been at the helm of the firm for well over a decade, first joining in 2009 as CFO before being appointed co-CEO in 2014.
Kuehnel joined the firm in August 2021, after spending nine years with management consultants Bain & Company, and previously six years as an executive director within the financial institutions division of Goldman Sachs.
During his tenure, Kuehnel has been responsible for overseeing the financial, risk and tax functions of Flow Traders, as well as its risk and compliance, and growth strategy.
In his new position, he will focus on accelerating Flow Traders’ ambitious growth agenda, with Dijkstra staying on in an advisory capacity until the end of April 2023.
“I am incredibly proud to have led Flow Traders since 2014 and to have had the ability to work with such vibrant colleagues,” said Dijkstra. “Flow Traders has grown across geographies, asset classes and teams, with the company going from strength to strength on its journey to becoming a next generation global liquidity provider. I am truly privileged to have been part of this incredibly growth story.”
“There is no doubt in my mind that Flow Traders is a unique business with all the essential ingredients in place to deliver on our ambitious strategic growth agenda,” added Kuehnel. “I am also confident we can leverage the numerous opportunities presented by the rapidly evolving financial markets.”
The firm saw year-to-date normalised income increase by 14% in Q3 compared to the same period the previous year, rising to £346.7 million, reflecting a more active fixed income market and trading environment, according to its latest results of 27 October 2022.