Former Goldman Sachs European electronic trading head joins Redburn

Michael Seigne spent 22 year with Goldman Sachs before joining KCG and then Virtu Financial following their merger last year.

European agency broker Redburn has hired a former electronic trading head from Goldman Sachs and industry veteran to oversee the firm’s global execution services.

Michael Seigne has been appointed head of execution services at Redburn, based in London and reporting to co-founder and senior partner Jeremy Evans. He will also join Redburn as a partner and a member of the executive committee.

Redburn has poached Seigne from Virtu Financial where he most recently held a senior European sales position. He spent more than two years with KCG, leading sales for exchange-traded funds (ETFs), program trading and electronic trading in London, before the firm was acquired by Virtu Financial last year.

Prior to KCG, Seigne spent 22 years with Goldman Sachs in various senior positions including managing director, head of execution sales and co-head of electronic and programme trading in Europe.

“It’s a very exciting time to join Redburn as the business looks to maximise on the opportunities presented by the current regulatory environment,” Seigne commented on his new appointment.

“Redburn’s independent agency trading platform brings clients significant advantages which we will continue to capitalise on as the new terms of trade evolve. I look forward to working with and building on Redburn’s already strong execution franchise and enhancing its reputation in the market for delivering world class execution capabilities.”

Evans, Redburn’s co-founder and senior partner, added that Seigne brings a deep understanding of the execution market and strong track record to the company.

“Our execution capability will be a significant driver of Redburn’s growth over the coming years and Michael has proven experience of building execution businesses and the ability to enable us to reach our business objectives and provide the best services to our clients,” Evans concluded.