LSEG appoints new Turquoise chief to replace Dr Robert Barnes

New global chief executive officer and head of equities trading commercial proposition originally joined LSEG’s MTF in 2019.

The London Stock Exchange Group’s (LSEG) Turquoise has selected a new global chief executive officer following the departure of Dr Robert Barnes at the end of last year, The TRADE can reveal.

Adam Wood has been appointed global chief executive officer and head of equities trading commercial proposition, reporting to LSEG’s chief executive officer Julia Hoggett, according to an internal memo seen by The TRADE.

Wood had previously been serving as head of Turquoise Europe and securities trading specialist sales, joining the MTF in 2019. Prior to joining Turquoise, he was director of prime brokerage sales at BCS Global Markets.

Previously in his career, Wood also served at ABN Amro Clearing, the London Stock Exchange and spent a period as a trader at Trafalgar Financial Futures.

He replaces long standing Turquoise chief executive officer, Dr Robert Barnes, who left the venue at the end of last year after nine years in the saddle. During his tenure at the helm of the pan-European trading platform, Barnes has built out Turquoise, adding initiatives such as the agreement with the Plato Partnership to rebrand its block trading and uncross services, a relationship which has facilitated over €1 trillion in equities traded.

His departure came alongside that of head of sales and platform distribution for securities trading at LSEG, Scott Bradley, as the exchange group looked to simplify its leadership across asset classes.

The exchange moved into FX for the first time at the start of 2021 as part of its landmark $27 billion take over of Refinitiv, and into the digital assets realm at the through its acquisition of trading technology provider, TORA, in early 2022.

Read more – Dr Robert Barnes is voted The TRADE’s first Industry Person of the Year