Institutional trading network Liquidnet has hired Chris Jackson as the European head of Liquidnet’s Execution and Quantitative Services (EQS) Group, officials say.
In his new role, Jackson will be responsible for “setting the strategic direction of the European Trading Desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet’s global algorithmic offering with European clients,” according to a company statement.
Liquidnet says Jackson’s appointment “marks significant progress” in its strategy to provide its network of over 780 asset managers with “new and more efficient ways to source diverse liquidity and satisfy best execution objectives.”
“Bringing Chris to head of the business in EMEA is a critical next step as we build out our offering in the region,” says Mark Pumfrey, head of EMEA at Liquidnet, in a statement.
Jackson’s hire is part of a larger effort by Liquidnet to build up its EQS team, officials say. In December 2014, the vendor hired Rob Laible as global head of EQS Liquidnet, along with three subsequent hires to his team. Laible is responsible for expanding Liquidnet’s EQS offerings, by “designing, implementing and customizing Liquidnet’s suite of execution algorithms and analytics while also providing quantitative research and market microstructure insight.”
“Liquidnet has grown beyond just being an execution venue. The value-added services we are offering … will be essential as our members continue to seek out ways to improve investment performance,” says Laible, in a prepared statement. “Over the course of the year we will be bringing to our members cutting edge products and analytics so that they can best achieve their trading objectives.”
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