Chi-X Global, a trading venue operator and technology provider, has reshuffled its top tier of management, following the appointment of Tony Mackay to the non-executive position of chairman emeritus.
Mackay, who was previously the chairman of Chi-X Global, will be based in Hong Kong and report to the firm’s CEO John Lowrey. His role will include providing strategic guidance concerning new business opportunities, infrastructure issues and regulatory matters, with a focus on the Asia-Pacific region. Mackay’s role as chairman as Chi-X Europe will be assumed by John Woodman, who was previously a non-executive director at the firm.
Mackay joined Instinet, the Nomura-owned agency brokerage that owns Chi-X Global, in 1995. He eventually became CEO and chairman for Instinet’s Asian and European businesses, before being named CEO and chairman at both the Chi-X Europe multilateral trading facility and Chi-X Global.
Fumiki Kondo, currently co-CEO of Instinet, will now also hold the chairman position at Chi-X Global.
“During his 15 years at Instinet, Tony was a pioneer in launching Instinet’s electronic trading and ATS platforms in Asia,” said Kondo. “Tony then became one of the driving forces behind the conception and launch of Chi-X Europe and later Chi-X Global.”
Woodman was previously a managing director at UBS, where he worked for 17 years, including a period as chief operating officer of the firm’s European equity business. He has also been COO of Knight Securities’ European business and chairman of the London Stock Exchange’s equity rules committee.
“Since even before launch, John has offered valuable counsel to the senior management team,” said Chi-X Europe CEO Alasdair Haynes. “John’s career encompasses decades of regulatory and technological change and we are delighted to have him seated at the head of the boardroom table.”
Separately, Marye Humphery has resigned as non-executive director at Chi-X Europe.
“Marye is standing down to make way for greater shareholder representation on the board,” added Haynes. “I know that the board joins me in wishing her well in her future ventures.”