The chief executive of NEX Group’s post-trade derivatives service, TriOptima, has left the business just two months after the company’s rebranding.
Per Sjöberg, who has led TriOptima since he found the company in 2000, has decided to leave to pursue other ventures, according to a statement from NEX Group.
TriOptima was previously a separate business entity co-owned by ICAP, before the interdealer broker’s rebranding to NEX Group at the end of last year. It then became part of the NEX Optimisation umbrella which centralised all of its post-trade technology businesses including Abide Financial, ENSO and Traiana.
“I am disappointed that he [Sjöberg] has decided to step down but he leaves the business in a strong position on which we continue to grow for the future,” said Michael Spencer, CEO, NEX Group.
Sjöberg has been replaced by Stuart Connolly, who joined NEX Group’s post-trade service in November from Goldman Sachs as head of client product development.
Prior to joining NEX Group, Connolly was previously the bank’s European head of derivatives clearing services.
“Stuart has strong knowledge of TriOptima having been a customer for many years while he was at Goldman Sachs and has a proven track record of relationship management skills and strategic thinking. I know that Stuart will successfully take TriOptima to the next level of its growth and I look forward to working with him in his new role,” said Jenny Knott, CEO, NEX Optimisation.