Stifel Financial Corporation has appointed Aviad Axelrod in an algorithmic trading and execution services related role, The TRADE can reveal.
Axelrod joins Stifel from Virtu Financial, where he spent the last five years, most recently in an execution services, business development and market structure position.
Prior to that, Axelrod spent 15 years at ITG (UK), most recently serving as director for algorithmic trading and smart order routing as well as product management.
Before taking on that role, Axelrod served as vice president, product manager for the execution management system (EMS) and market data businesses at the firm.
Elsewhere in his tenure at ITG, Axelrod served as a trade support manager and application analyst.
Earlier in his career, Axelrod held a business analyst and derivatives trading role at Pi-Finance.
Axelrod’s appointment follows job cuts to Stifel’s London equities business, as first reported by The TRADE in August last year.
Read more: Stifel makes a number of job cuts to its equities business in London
This included Daniel Arnold, a managing director in equities trading and Adam Lawson, a director in specialist technology equity sales.
The job cuts were not part of a mass layoff or a larger restructuring of the firm, but part of a regular review of the business, The TRADE understands.