Jack Vensel has been appointed head of electronic trading for EMEA at Citi, filling a position left vacant since the departure of Richard Evans last November.
Vensel, who was previously head of electronic execution sales for the region, will report to Peter McGahan, head of sales and distribution in Europe, and Steve Swanson, head of electronic market-making and former CEO of Automated Trading Desk (ATD), the electronic market-making and proprietary trading firm bought by Citi for $680 million in 2007.
Vensel will be responsible for all aspects of electronic execution in EMEA including trading, automated-market making, stat arb business and algo development.
Vensel joined Citi as part of the acquisition of ATD, where he ran sell-side sales and marketing, prior to which he was EVP of sales and marketing at Island ECN, the firm whose INET technology was acquired by Nasdaq OMX and which currently powers the exchange group’s US equities exchange and European multilateral trading facilities.
According to an internal memo circulated by McGahan and Swanson, “We are confident Citi will be well positioned to respond to our clients’ needs in this rapidly growing and changing market under Jack’s leadership.”
Citi is expected to launch its Citi Match dark pool in Europe this year.