XTX Markets has appointed Zar Amrolia as chairman, replacing Niki Beattie who held the position over the last five years.
Beattie took on the position in 2018, alongside serving as a member of the firm’s audit committee.
“After five great years on the amazing XTX journey, Friday was my last day as chair of XTX,” said Beattie in a social media post.
“Many thanks to the talented team of very professional staff across the firm for all their help and support during my tenure and also to my fellow board members. Best wishes to my successor, Zar Amrolia, as he steps up to lead the board.”
In addition to taking on the role of chairman, Amrolia will maintain his position as co-CEO of XTX Markets, which he has held since 2015.
Before joining XTX, Amrolia spent 11 and a half years at Deutsche Bank, most recently serving as global head of foreign exchange; co-head of fixed income, currency and commodities (FICC).
Prior to that, he spent four years at Goldman Sachs as partner managing director, co-head of foreign exchange.
Amrolia’s appointment comes as part of XTX Markets’ leadership transition, which saw Hans Buehler appointed as deputy chief executive officer earlier this year.
Buehler joined from JP Morgan, where he served in various leadership positions for close to 14 years. Most recently, Buehler served as global head of equities data analytics, automation and optimisation, as well as global head of equities and securities services quantitative research at the investment bank.