Head of SIX Swiss Exchange, Christian Reuss marked his last day at the trading venue as he moves onto pastures new. Reuss had been with the trading venue for just over 15 years, originally joining in 2009 as chief executive of a joint venture named Scoach, in partnership with Deutsche Börse. He later moved into a role as chief executive of SIX’s structure products exchange in 2013, rising up the ranks to chief executive of SIX Swiss Exchange in 2020. Werner Bürki, head of trading at SIX Swiss Exchange, has been selected to replace Reuss on an interim basis. SIX confirmed that a recruitment process for a full-time replacement is in progress.
Millennium appointed You Khai Tan as senior trader, based in Singapore. He joined Millennium from UBS, where he spent the last 13 years, based in Hong Kong and Singapore. Most recently, Tan held a global portfolio trading position, which included trading global equities with strategy implementation via algorithms, crossing networks and global portfolio trading desks. Prior to that, Tan held a global markets, APAC cash equities position based in Singapore. Elsewhere in his career, Tan served at Maybank Investment Banking Group in an equity sales trading role.
HSBC appointed Matthew Stanton as managing director, head of equities sales trading for Americas. Stanton joined HSBC from Primary Portal, where he served as a sales consultant. Prior to that, he spent just over seven years at Barclays, most recently serving as managing director, head of cash sales trading, Americas. During his tenure at Barclays, Stanton has also served as head of cash sales trading, EMEA, based in London. Earlier in his career, Stanton spent 18 years at Goldman Sachs in a variety of senior roles based in New York and London. This included equities sales trading positions for both the Americas and EMEA. He initially joined Goldman Sachs as a NYSE floor trader.
Nomura named Hemish Shah head of EMEA flow rates in a bid to strengthen its franchise. Shah has 15 years of industry experience and was most recently head of EGBs, bond derivatives and euro inflation trading at Deutsche Bank. His expertise includes a proven track record of developing trading and risk management strategies. In this new role, he will report to both Richard Volpe, global head of rates, and Nat Tyce, head of global markets EMEA.
US-based block trading start-up OptimX selected a former Virtu buy-side sales specialist to become its new head of institutional sales. Michelle Butler joined OptimX to head up its buy-side business after most recently serving at Virtu for 19 years, managing sales for its POSIT Alert business. Prior to joining Virtu, she spent six years as head of sales and coverage at E-Crossnet – one of Europe’s first peer-to-peer crossing networks.