UK-based agency broker Olivetree Securities has appointed Steve Wood, Schroder Investment Management’s former global head of trading, as a non-executive director.
Wood will advise Olivetree on strategic direction and objectives, as well as scrutinising the firm’s management, systems and risk management processes.
“[Wood’s] extensive experience on both the buy- and sell-side over the last four decades will prove invaluable as we build on Olivetree’s first 12 months,” commented Olivetree CEO Daryn Kutner, in a statement. “Steve has been a central figure for the buy-side over the last 10 years and he has contributed greatly to developments in European market structure. His advice will be central to developing the strategic direction of Olivetree and he will also be available to our clients to offer his insights on European market structure and the impact of related regulatory changes.”
“Olivetree has displayed impressive growth in its first year, showing all the energy and dynamism of a company in its formative years together with a unique business model that I believe is well aligned to a changing market,” added Wood.
Prior to his role at Schroder, from which he retired on 10 March, Wood worked at J.P. Morgan Asset Management for 28 years. His last role at J.P. Morgan was as head of trading in London and Asia. Last month, Wood was also appointed to the board of directors of agency brokerage and trading technology supplier ITG.