London Stock Exchange Group (LSEG) has confirmed Brian Schwieger has joined the business in the newly created role of head of equities.
He had previously worked at Bank of America Merrill Lynch where was responsible for sales, marketing and execution of European equity electronic trading.
He joined Merrill Lynch in 2005, prior to its acquisition by Bank of America. He has also previously worked for Morgan Stanley.
LSEG has yet to confirm what Schweiger’s new role will entail but it is likely that he will continue to drive the group’s core equities business forward at a time when it is diversifying into other market areas, including derivatives, technology and post-trade services.
Recently, LSEG’s joint venture Turquoise, a multilateral trading facility, appointed former UBS dark pool boss Robert Barnes as CEO. He replaced Natan Tiefenbrun who announced in July he would leave the business.
LSEG has also made a major push into the post-trade space this year and in July launched a new central securities depository in Luxembourg as the European post-trade landscape continues to evolve in light of new regulation.