Liquidnet boosts senior management team
Liquidnet has appointed
a new COO and head of sales and trading operations in the US as the block
trading platform seeks to boost its revenues.
immediately, John Kelly, formerly of Goldman Sachs, takes the position of COO,
based in New York and reporting to Liquidnet founder and CEO Seth Merrin. Kelly
will be responsible for driving revenue across all of Liquidnet’s businesses
recently worked with John L. Thornton, former president of Goldman Sachs,
providing global advisory services to private investors and management. He has
also held positions at Société Générale in the US, including as head of capital
markets, COO of its US investment banking business and head of portfolio
management for SG Americas, Rockefeller Family & Associates, Bear Stearns
and The First Boston Corporation.
the skills and diverse experience that we have been looking for in a COO,” said
Merrin. “With more than three decades of leadership roles in equity capital
markets, investment banking, and trading, I look forward to John playing a
significant role in helping us enter new business segments, expand our capital
markets business and accelerate the growth of our institutional trading network
“I am excited to
join the Liquidnet team at this particularly dynamic time in the market. One of
the hallmarks of the Liquidnet culture is the conviction that innovation can
change the way business is done, even in the face of significant obstacles,”
Lugene Forte has been hired to lead Liquidnet’s sales and trading businesses in
the US. Forte will report to Kelly and have oversight of the US equities
business. Forte’s most recent role was at agency broker ITG as senior vice
president of transition services and algorithmic trading services. She was also
one of the founders of fixed income broker dealer First Principle and has
served as chief financial officer and head of institutional sales at
independent reseach firm Autranet.
“Lugene and her team will
deliver enhanced and solution-focused offerings that continue to give our
members a competitive advantage over their peers,” said Kelly.