01 December 2009 News

 

Chi-X Europe names Haynes chief executive

Chi-X Europe has appointed Alasdair Haynes as chief executive, subject to standard regulatory approvals.

Commenting on the appointment, Tony Mackay, chairman of Chi-X Europe, said, "We are delighted to welcome Alasdair to Chi-X Europe. His appointment has been made following a wide consultation and a rigorous selection process. Alasdair brings many years of experience in running technology-leveraged brokerage businesses and trading firms. He is extremely well respected within the industry and has excellent relationships with both buy- and sell-side firms in Europe, Asia and the US.

"To have been selected chief executive of the largest and most innovative MTF in Europe is a great honour and a role I accept with great responsibility," said Haynes. "I look forward to leading Chi-X Europe's dedicated and talented team as we seek to grow the business and continue to provide trading and cost performance improvements for its participants."

From 2006 - 2009 he was chief executive of ITG International, where he was responsible for all of ITG's non-North American businesses. This role followed his ten year tenure as chief executive of ITG Europe, during which time the firm launched Europe's first fully electronic crossing network, POSIT. During his career, Haynes has also served as global head of equity derivatives at HSBC James Capel, head of European listed derivatives at UBS, head of listed and short dated equity options at Bankers Trust and head of equities risk management at Morgan Grenfell.

Haynes will replace Mark Howarth, who became interim chief executive of Chi-X Europe in February 2009. Howarth will remain with Chi-X Europe for several months to work with Haynes and ensure a smooth transition, at which point he will return to Chi-X Global.