IEX Group appoints new chief legal officer

Rachel Barnett joins IEX Group as chief legal officer after spending the last two years as general counsel and secretary at clothing retailer Brooks Brothers.

US-based Investors’ Exchange (IEX) has selected former Brooks Brothers general counsel, Rachel Barnett, as its new chief legal officer.

Barnett joins IEX Group as chief legal officer from the US clothing retailer where she has been general counsel and secretary for the last two years. 

In her new role, IEX said she will be responsible for overseeing all legal and compliance matters for the exchange group. 

“IEX is extremely excited to bring on Rachel Barnett as chief legal officer at a pivotal time for the growth of our exchange and technology businesses,” said IEX co-founder and CEO, Brad Katsuyama, whom Barnett will report directly to.

“Rachel’s impressive background covers numerous aspects of the legal profession. She has experience as a board member and general counsel of a publicly-traded technology company, and as a skilled litigator of complex financial securities cases.”

Barnett brings an extensive legal career to the role, starting out in 2006 as a securities litigator at private practice Skadden, Arps, Slate, Meagher, and Flom, where she spent seven years.

She later went on to spend five years as general counsel and corporate secretary at Travelzoo, where she advised executives on corporate governance, strategic planning, international acquisitions, and Security and Exchanges Commission compliance. 

The appointment follows a recent strategic investment in IEX made by Québec institutional investor Caisse de dépôt et placement du Québec (CDPQ) in December as the exchange operator looked to continue expanding.

Elsewhere in June, IEX hired the former global head of equities electronic trading at JP Morgan, Daniel Ciment, as its new chief operating officer. Ciment had spent 10 years with JP Morgan also as global head of agency program trading. He took up the new role at IEX in July 2020.