IEX taps Morgan Stanley for new head of listings

Sara Furber from Morgan Stanley has been appointed to head up IEX’s new listing exchange for US companies.

The Investors Exchange (IEX) has appointed a former managing director and chief operating officer of Morgan Stanley Wealth Management as its new head of listings.

Sara Furber will focus on the exchange’s launch of the ‘first-ever’ buy-side backed listings exchange for US companies, which IEX said will provide alternative listings for users without conflict of rebate, co-location and proprietary data revenue streams. 

Furber has nearly 20 years experience working in the financial services industry and has worked in a number of senior positions including chief operating officer at Bank of America Merrill Lynch.

IEX is looking to establish its listing platform and debut the initial class of IEX Founding Issuers in 2017.

Brad Katsuyama, chief executive officer and co-founder at IEX, explained that the exchange is “designed from the ground up to align our interests with those of long-term investors, who make fundamental decisions to buy or sell shares in companies.”

“Listing on IEX is a differentiating way for companies to demonstrate alignment with their shareholders," he added.