Macquarie Securities, the institutional equities arm of Macquarie Group, has appointed Stuart McWilliam as global head of electronic execution for Macquarie Securities, officials say.
McWilliam has responsibility for Macquarie’s market-leading electronic product in Australia. In his new role, he will also be responsible for the continued development of Macquarie’s U.S. and European electronic products, officials say. He will relocate to New York later this year and continue to report to Damian Hoult, global head of execution services.
“Over the past four years, Stuart has been integral in the business and structural development of Macquarie’s electronic trading platform across Japan and the Asia-Pacific region,” Hout says in a prepared statement. “I look forward to working with Stuart to further our client-centric approach globally and as we continue to grow our US electronic execution effort.”
McWilliam has held various roles in securities trading in London and Sydney, officials say. Prior to Macquarie, he was head of liquidity management at ITG based in London, where he was responsible for European dark pool and electronic trading strategy for four years.
At Merrill Lynch in London, McWilliam delivered the firm’s first European smart router at the advent of equities market fragmentation, officials say.
Before joining the securities industry, McWilliam was a software engineer for eight years, specializing in data security and cryptography.
Macquarie Group (Macquarie) provides banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties, officials say.
Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,100 people and has assets under management of over $372 billion (as of September 30, 2014).
Macquarie Securities Group operates as a global institutional securities house covering sales, research, ECM, execution and derivatives activities, and offers full-service cash equities in Australia, Asia, South Africa and Canada with specialized offerings in the US and Europe. Macquarie Securities Group operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and SIPC, officials add.
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