Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal.
He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.
LSEG and Janus Henderson could not be reached for comment.
The change marks a move away from the buy-side for Worrell who has an extensive equity trading career. He began his most recent spell at Janus Henderson in 2017 after a six-and-a-half-year tenure at Redburn as an equity sales trader.
Previously in his career, he also spent almost a decade at the asset manager in an equity trading role until 2006 and later spent nearly four years at SEB.
In his new role, he will be responsible for boosting the exchange’s rankings and driving its next stage of growth after a series of senior leadership changes from within its capital markets business.
LSEG has reshuffled its capital markets top brass significantly in recent years in a bid to simplify its leadership across its expanding asset class remit. As part of the changes, the group said goodbye to some of its well-known industry figures former chief executive officer of Turquoise, Robert Barnes, and former head of sales and platform distribution for securities trading, Scott Bradley, in November last year.
The exchange appointed internal candidate Lida Eslami to replace Bradley in an expanded role as head of equities and exchange trade products (ETPs) sales and relationship management in January. However, Eslami later left the exchange in May to join rival venue Cboe.
In his new role, Worrell will be responsible for sales and business development in its secondary markets business, taking up the responsibilities of Eslami and reporting to Sally Francis-Cole, The TRADE understands.