Block crossing network operator Liquidnet has hired a new product head, as the firm seeks to improve workflow for its buy-side clients.
Richard Barnett has joined Liquidnet as global head of product and will be responsible for overseeing, expanding and integrating the firm’s product offering for over 700 asset management clients. Barnett, who was previously global head of product management at Thomson Reuters, will be based in New York and will report to chief operating officer John Kelly.
“Over the past few years we have introduced a full suite of products for the buy-side to complement our core matching business including our commission management suite, algorithmic offering, and trading desk along with additional pre- and post-trade services,” Kelly told theTRADEnews.com. “Our goal now is to help these buy-side firms streamline the technology and processes they use across their entire workflow through a single platform while continuing to help them make smart decisions about where and how they trade.”
Barnett also worked at Bloomberg for over 12 years in a product management and market role and is credited with the creation of its real-time monitoring product and instant messaging platform.
“There is a significant opportunity to enhance the company’s front-end so that it meets the demanding needs of institutional investors as they try to source the best investment opportunities no matter where they may be,” commented Barnett. “There is also a significant opportunity to deliver new products and services that directly connect all the communities in Liquidnet’s network in order to bring further efficiency to the markets. I look forward to helping to make that happen.”