Liquidnet hires Dan Squires to focus on hedge funds

Liquidnet shifts focus to hedge funds in anticipation of MiFID II best execution and large-in-scale waivers.

Liquidnet has hired industry veteran, Dan Squires, as a sales director focusing on European hedge funds.

The hire signals Liquidnet’s intentions to provide hedge funds with best execution and large-in-scale waiver compliance ahead of MiFID II.

Squires has over 20 years experience in the industry, having previously worked at RBC, Citi, GSA Capital and Merrill Lynch.

Mark Pumfrey, Head of EMEA at Liquidnet, said Squires’ experience, industry knowledge and strong relationships in the institutional equity space will be instrumental in continuing Liquidnet’s growth.

“Our business has seen record global performance, and we expect to see further growth in our core buy-side to buy-side block business, next-gen algos and fixed income offerings,” he added.

Squires will report to head of sales at Liquidnet, Tony Booth, and will work with members of the trade coverage sales, fixed income, execution and quantitative service teams.

He explained MiFID II will bring tremendous change to the industry and Liquidnet’s equities and fixed income platforms are “very well positioned to drive innovation in the market and allow investors to trade efficiently.”