People Moves: Tradeweb, Rimes, CME, LiquidityBook, and more

Tradeweb announces executive leadership changes

Tradeweb co-founder and CEO Lee Olesky has been elected chairman of the board and will retire as CEO on December 31, 2022. Tradeweb president William Hult will become the company’s next CEO.

Martin Brand has stepped down as chairman and is leaving the board after three years in the role. Olesky will serve as both chairman and CEO of Tradeweb through 2022, after which he will continue to serve as chairman through 2023. Director Paula Madoff has been elected lead independent director of the board.

Olesky co-founded Tradeweb 25 years ago and has been CEO since 2008. Under his leadership, Tradeweb has grown via strategic acquisitions; expansion of asset classes, client sectors, trading protocols and market data; and the development of the firm’s Europe and Asia businesses. Olesky left Tradeweb in 1999 to launch BrokerTec, another electronic trading platform, before returning to Tradeweb in 2002 and becoming CEO in 2008. Prior to Tradeweb, he was COO for the fixed income Americas division at Credit Suisse First Boston.

Hult joined Tradeweb in 2000 and has been president since 2008.

Rimes names Renaud Larzilliere COO

Rimes Technologies has promoted Renaud Larzilliere to COO. He leads the sales engineering, implementation, client services, and enterprise project management teams, and is a member of the executive committee. Larzilliere will continue to lead the Rimes technology group as he had previously served as CTO for five years.

He previously held the positions of senior vice president and head of research and development, president of Rimes Technologies France, and managing director of Rimes Technologies France. He joined Rimes in 2009.

CME announces changes to management team structure

Sunil Cutinho, who previously led CME Clearing and served in a variety of technology roles since joining the company in 2002, has been appointed chief information officer. Overseeing the company’s enterprise technology, Cutinho will replace Kevin Kometer, who is retiring in the middle of the year. COO Julie Holzrichter will assume an expanded role to oversee both global operations and CME Clearing. Holzrichter was appointed COO in 2014.

Suzanne Sprague has been promoted to the management team as senior managing director, global head of clearing and post-trade services, reporting to Holzrichter. Sprague has served as managing director, credit, collateral and liquidity risk and banking, for CME Clearing since 2015. Sean Tully will continue to lead the company’s interest rates business, its largest asset class by revenue, as senior managing director, global head of rates and OTC products. He is responsible for helping global clients navigate the ongoing market transition from Libor to SOFR-based products. He also will continue to oversee CME Group’s cash and OTC businesses.

Tim McCourt has been promoted to the management team as senior managing director, global head of equity and FX products and will be responsible for overseeing equity, FX, cryptocurrency, and alternative investment products. He has led the company’s equity and alternative investment business since joining the company in 2013.

CFO John Pietrowicz has announced his plans to retire in 2023. Lynne Fitzpatrick has been promoted to the management team as deputy CFO and will succeed Pietrowicz upon his retirement. She has served as managing director, treasurer and head of corporate development since 2017.

LiquidityBook bolsters sell-side team with three senior hires

LiquidityBook, a provider of cloud-native buy- and sell-side trading platforms, today announced three new hires who will work to enhance and expand its LBX Sell-Side product. Brian Cabra will serve as vice president of implementations, Ryan Stankus will serve as vice president of product management, and Terrence Cheung will serve as vice president of post-trade product management.

Cabra will spearhead implementation and delivery management of the solution for broker-dealers, while Stankus will work closely with COO Sayant Chatterjee to oversee all aspects of sell-side product management. Cheung will manage LiquidityBook’s newly launched LBX Trade Match product as well drive the company’s middle-office framework across the entire customer base.

Prior to LiquidityBook, Cabra served on the customer implementation team at Ion Markets as senior technical account manager.

Stankus joins LiquidityBook from Ion and Fidessa, where he served as product manager, technical architect, and senior technical lead.

Cheung joins LiquidityBook from FlexTrade, where he served as vice president, sell-side product manager. Before that, he spent over 12 years at Fidessa, where he worked on various products ranging from IOIs to middle office, as well as entire regional platforms such as Fidessa’s LatAM Trading Platform (LTP).

TraditionData continues global expansion with two senior appointments

TraditionData, the data and information services division of Compagnie Financière Tradition (Tradition), has added two senior market specialists to its sales teams as part of its continued global growth plans.

Steve Murphy, based in Madrid, and Bruce Messing, based in New York, have joined TraditionData as senior business development managers.

Murphy joins from Fenics, where he was regional sales manager for the data team in Asia, based in Singapore. He has also worked for SmartStream and Thomson Reuters, and will join the firm’s recently formed Madrid data team.

Messing joins TraditionData’s New York office from TP Icap, where he most recently held the position of regional sales manager. He previously held positions at Broadridge, Thomson Reuters, Danske Bank, and Bloomberg.

DataBP appoints Stephen Wolff as strategy advisor

DataBP, a data licensing and commercial management platform provider, has appointed Stephen Wolff as strategy advisor and non-executive director.

Wolff will advise on corporate development and strategy. He is a board member and/or advisor to a number organizations including ClearCourse Group, an integrated software and payments company backed by Aquiline Capital Partners, as well as, TransFicc, OTCX Trading, and Adoptech. He previously led corporate strategy at IHS Markit and was a member of the group executive committee. Prior to this, Wolff was head of strategic investments for Deutsche Bank and has sat on the boards of numerous financial technology companies in capital markets including R3, Tradeweb, and Markit.