Pan-European equities market operator BATS Chi-X Europe has put Adam Eades and John Woodman on its board of directors as executive director and independent non-executive director, respectively.
With these additions, the BATS Chi-X Europe board now stands at seven members, including executive chairman and chief executive officer Mark Hemsley.
Eades will serve as head of regulatory and legal affairs for BATS Chi-X Europe. He assumes the executive board position held by chief operating officer Paul O’Donnell, who departs in August. Eades joined BATS Chi-X Europe in November 2011. Previously, he was general counsel for Henderson Global Investors and spent 14 years at London International Financial Futures and Options Exchange LIFFE (now part of NYSE) and NYSE Euronext, where he held senior executive positions in European and global legal affairs.
Woodman most recently served a four-year tenure as non-executive director and subsequently chairman of the board of Chi-X Europe Ltd and is currently a member of the FSA Regulatory Decisions Committee. Woodman was one of the founders of Efficient Frontiers, a consulting firm specialising in capital markets, and has previously held executive roles at UBS and Knight Securities.
“Adam ably guided us through the legal and compliance transition following the Chi-X Europe acquisition and has been an invaluable addition to the team. John, in addition to a distinguished career, is a respected industry leader bringing significant board experience to guiding the management of a pan-European trading platform, as we evaluate new business opportunities and navigate a changing regulatory landscape,” said Hemsley during the announcement.
BATS Chi-X Europe reported 24.5% overall European market share in June 2012. Exchange group Bats Global Markets completed the $300 million takeover of rival Chi-X Europe and merged the trading venues in the first half of 2012 to create a viable alternative to the region's dominant stock markets.
Reporting by Jaya Menon