Chi-X Europe, a pan-European multilateral trading facility, has appointed Mark Howarth as interim CEO, replacing Peter Randall, who is stepping down for personal reasons.
Howarth is currently chief operating officer, Asia-Pacific at Chi-X Global, the holding company for all Chi-X’s
trading platforms in Europe, Canada and Australia. Chi-X Global is 100%-owned by agency broker Instinet.
Before joining Chi-X, Howarth was CEO of data vendor Thomson Financial in Asia-Pacific and previously held senior institutional equities positions in Europe, Japan, and Hong Kong at Merrill Lynch, UBS and Instinet.
“Through its technology, market model and incredibly lean cost basis, Chi-X Europe has been able to not only survive amid great competition, but also thrive,” said Howarth in a statement. “I look forward to working with our team to continue to provide participants with the level of service and innovation that they have come to expect from Chi-X Europe.”
Outgoing CEO Randall has held the position since Chi-X Europe’s launch in April 2007, having worked on the platform since its inception in 2005. He relinquished the position to spend more time with his family, but will continue to serve the firm in an advisory capacity.
“For over three years, Peter has worked tirelessly to launch, grow and evangelise about Chi-X Europe,” said Tony Mackay, chairman of Chi-X Europe. “We thank him for his many contributions and wish him all the best in the future.”