Clear Street has named Matthew Cousens as its new managing director, head of electronic execution, EMEA.  

London-based Cousens previously served as head of platform sales for Citi for two and half years from February 2020, where he covered distribution and sales across its cash equities platform.  

He also brings extensive industry experience to the role, and prior to his stint at Citi, acted as head of EMEA execution sales at Barclays, as well as Credit Suisse’s co-head of AES sales for Europe from 2007 to 2020.  

Additionally, following his departure from Citi he worked at BestEx Research, where he served as head of EMEA equities, driving the firm’s equities execution algorithms for US and Canadian trading.  

Cboe Global Markets 

Natan Tiefenbrun has been appointed as global head of cash equities for Cboe Global Markets, following on from his role as the company’s president for North American and European equities.  

Tiefenbrun brings more than 20 years industry experience to his new position, which will see him leading Cboe’s cash equities businesses in North America, Europe and Asia Pacific, and bringing a global framework to the sector. 

London-based Tiefenbrun began working for Cboe in June 2021, assuming the position of head of European equities, before becoming president of Cboe Europe in June 2022. He took on his most recent role as president for North American and European equities for Cboe in October 2023.   

Prior to his career at Cboe, he also acted as managing director for European execution services for Bank of America Merrill Lynch, chief executive of Turquoise, head of products, equity and derivative markets at the London Stock Exchange (LSEG), and international president of Instinet.  

Cboe Global Markets has appointed Craig Donohue as its chief executive officer, effective 7 May 2025. Donohue will also serve on Cboe’s board as part of the role.  

He succeeds Fredric Tomczyk in the role who is set to remain on the board of directors after stepping down as chief executive.  

Donohue has more than 30 years of experience across the derivatives sphere. Most recently, Donohue served as chair of the board at OCC, having previously spent three years as CEO from 2016 to 2019.  

Previous experience also includes two decades at CME Group, where he served a stint as chief executive between 2004 and 2012.  

T. Rowe Price

Matt Howell has been appointed as T. Rowe Price’s global head of trading strategy after being promoted from his previous role as the firm’s global head of derivatives and multi-asset trading solutions.  

London-based Howell has been at T. Rowe Price for more than 14 years, starting his career with the firm as a trader. Since then, he has seen internal promotions and became head of derivatives and multi-asset trading solutions in June 2017, before taking on his new position covering trading strategy in May 2025.  

He also brings extensive industry experience to the new role, and has covered a variety of assets, from equities, fixed income and derivatives. Prior to his time at T. Rowe Price, he worked in trader positions at Caxton Associates, Tudor Investment Corporation and AllianceBernstein.  

Speaking to The TRADE about his new appointment, Howell said: “I am really looking forward to further developing our capabilities to support our strategic initiatives over the coming months and years.”  

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London-based Cousens previously served as head of platform sales for Citi for two and half years from February 2020, where he covered distribution and sales across its cash equities platform.   

He also brings extensive industry experience to the role, and prior to his stint at Citi, acted as head of EMEA execution sales at Barclays, as well as Credit Suisse’s co-head of AES sales for Europe from 2007 to 2020.  

Additionally, following his departure from Citi he worked at BestEx Research, where he served as head of EMEA equities, driving the firm’s equities execution algorithms for US and Canadian trading. 

He also pursued other opportunities, such as founding management consultancy firm, Milvus-I Consultancy. 

Read more – Former Citi platform sales head Cousens lands BestEx Research EMEA equities lead role 

Cousens confirmed his new position in a social media announcement.  

He said: “I’m delighted to share that I’m starting a new position as MD, Head of Electronic Execution EMEA at Clear Street! Lots to do here as we look to build on the success that Clear Street has already achieved. But with a great team coming together here in London, we have a very exciting future ahead…!” 

Read more – Clear Street appoints trading experts to senior positions as it bolsters UK operations 

Cousens’ new role follows a string of recent appointments for Clear Street, including new trading and execution hires in February 2025 in a push to expand UK operations. 

The new appointments saw Luke Holmes stepping into the position of managing director, sales trading, Matthew Cyzer as head of markets execution, Tarquin Orchard as global head of event-driven strategies and Phillip Hylander as managing director, execution.   

Read more – Clear Street names new head of prime brokerage 

Similarly, the firm announced in April 2025 that John Levene would be joining as head of institutional to oversee the firm’s prime brokerage business, following more than 25 years at Goldman Sachs. 

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John Levene has joined Clear Street as head of institutional, overseeing the firm’s prime brokerage business, following more than 25 years at Goldman Sachs. The move will see Levene using his experience in building and managing prime brokerage platforms across the capital markets to bring leadership to his new role at Clear Street.  

During his time at Goldman Sachs, Levene was partner for 14 years, acting as a leader in the client service space and serving as head of global banking and markets client experience, co-head of prime services client experience and head of prime brokerage client franchise, Americas.  

“We welcome John to his new role, where his industry expertise and strategic mindset will be instrumental in advancing our mission to provide best-in-class technology and client service,” said chief executive of Clear Street, Edward Tilly.  

Columbia Threadneedle  

Columbia Threadneedle Investments has welcomed Francesca Mace Wilson to the EMEA equity trading desk. The move sees her leaving her role as senior investment control analyst at Capital Group, which she had held since October 2022.  

Prior to this, Mace Wilson held previous positions at Titan Institutional Services, working across wealth management, prime brokerage and sales.  

Head of EMEA equity trading at Columbia Threadneedle, Michael Johnson said: “Francesca joins us having spent five years at Capital Group and, in addition to trading equities, will help us enhance our position across the capital markets structure.”  

TD Securities  

TD Securities has named Greg Levett, Neil McKay and David Abraham as the new managing directors of its event driven sales and trading team, with all three new hires transferring from BTIG. Levett had previously served at BTIG since 2010 and began his career in event driven sales at Pali International.   

Abraham’s recent roles include positions at FBR Capital Markets, Merebis Capital Management, Titanium Capital, ZAN Partners, Goldman Sachs, NatWest Markets and Credit Lyonnais Securities.   

New addition McKay also covered equity sales and trading as managing director at BTIG and brings extensive knowledge of the event driven sector. Prior to his stint at BTIG he held roles at Barclays, Abberton Capital, United First Partners, Arrowgrass Capital Partners, Stark Investments, Citadel and CSFB.  

Citi  

Citi has named Christopher Chang as its new head of markets solutions for financial institutions for Asia South and Asia North. Chang joins from Goldman Sachs, where he served as head of FICC and equity distribution for Southeast Asia and been a board member of Goldman Sachs Singapore for more than 10 years.  

Prior to Goldman Sachs, he held various senior banking, solutions and sales roles at Deutsche Bank and Nomura. The move will see him reporting to head of markets sales for Japan, Asia North and Australia and Asia South, Cecile Gambardella, who said: “He [Chang] will work closely with our product partners and across banking, wealth and international to bridge the best of Citi’s capabilities and deliver value to both our clients and Citi.”  

Broadridge  

Broadridge Financial Solutions has expanded its product management team with Ian Williams and Anand Chintala stepping into senior roles within Broadridge Trading and Connectivity Solutions.  

In his new role, Williams will assume the role of vice president of product management based in Toronto, leaving his previous position as chief executive of Virtu Canada.   

Similarly, Chintala will become the division’s senior director in New York, and joins from Barclays, where he acted as director of portfolio trading. Williams brings more than 30 years of trading and product leadership positions to the role, and he previously worked at TriAct Canada Marketplace – now Cboe Global Markets, Perimeter Financial Corp and TD.  

Chintala also has extensive industry experience and held director and vice president titles at Lehman Brothers and ITG.  

“With over three decades of trading and product leadership positions in both Canada and the US, Williams will be instrumental in expanding our global footprint in Canada,” said the firm in an update on social media.  

Liquidnet  

Chris Jackson has been promoted as Liquidnet’s new global head of equities, continuing his 10-year tenure with the firm. The move sees London-based Jackson departing from his role as global head of equity strategy and head of equities for EMEA. 

Prior to joining Liquidnet, he held the position of head of EMEA execution sales at Citi from 2009 to 2015. He has also worked in director positions with a focus on portfolio sales, analytics, and sales trading at SBC Warburg and Merrill Lynch.  

Speaking on the announcement, Liquidnet said: “His [Jackson’s] leadership will be instrumental as we continue to scale up our equities business globally and develop, together with our members, innovative solutions that combine deep liquidity access with intelligent execution.”   

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Peter Eliades

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John Levene

The move will see Levene using his experience in building and managing prime brokerage platforms across the capital markets to bring leadership to his new role at Clear Street. 

During his time at Goldman Sachs, Levene was partner for 14 years, acting as a leader in the client service space and serving as head of global banking and markets client experience, co-head of prime services client experience and head of prime brokerage client franchise, Americas.  

Both Clear Street and Levene confirmed the new position in social media announcements.  

“I am delighted to begin this new chapter with Clear Street. I am fortunate to be joining such an exceptional team and look forward contributing to its continued success,” said Levene.  

Levene also holds experience in developing digital service capabilities, consultancy offerings and new business support, and prior to joining Goldman Sachs, he worked at Salomon Brothers and Hambros Bank, now part of Société Générale.  

 “We welcome John to his new role, where his industry expertise and strategic mindset will be instrumental in advancing our mission to provide best-in-class technology and client service,” said chief executive of Clear Street, Edward Tilly. 

“He is a fantastic addition to our senior team, where his proven leadership across all facets of prime brokerage adds another layer of excellence to the organisation.” 

The move follows recent appointments at Clear Street, including new trading and execution expert hires in February 2025 in a push to expand UK operations. 

Read more – Clear Street appoints trading experts to senior positions as it bolsters UK operations 

The new roles saw Luke Holmes stepping into the position of managing director, sales trading, Matthew Cyzer as head of markets execution, Tarquin Orchard as global head of event-driven strategies and Phillip Hylander as managing director, execution.  

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Andy Volz

The firm has expanded to 24-hour, 6-day trading capabilities to further enhance liquidity access and risk management for its global client base.   

The development follows the launch of Clear Street’s OCC Cross-Margin, enabling futures and options traders to consolidate margin requirements and improve capital efficiency.  

“We are rapidly expanding our platform with new products and services that give our clients greater flexibility and efficiency to navigate the global markets,” said Andy Volz, chief commercial officer at Clear Street.   

“The launch of 24/6 trading is a direct response to our clients’ needs, and our ability to roll it out quickly showcases the strength of our technology platform.” 

By connecting directly to the Blue Ocean ATS platform, Clear Street will be able to provide after-hours execution through a continuous FIX session, which it claims will have minimal downtime throughout the week, allowing for around-the-clock trading access.   

Clear Street’s institutional and active trading clients can now trade National Market System (NMS) securities including stocks, ETFs and ADRs overnight, with trading hours running from: 20:00 to 4:00 Eastern Time, Sunday through Thursday.   

The development follows a string of similar developments from Nasdaq, Cboe Global Markets and the New York Stock Exchange (NYSE), who announced plans for extended trading hours for equities.    

Last October, NYSE revealed intentions to extend weekday trading on its Arca Equities Exchange to 22 hours a day to support global, exchange-based trading of all US-listed equity products.  

Elsewhere, Cboe Global Markets revealed plans in February to expand its trading hours for US equities, moving to a 24-hour model for five days a week, subject to regulatory approvals. 

More recently, Nasdaq stated that it has begun engaging with regulators to enable 24-hour trading, five days a week on the Nasdaq Stock Market.   

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LMAX Exchange appointed Daniel Lavigne as head of buy-side sales for Canada. Lavigne brings more than 25 years of buy-side experience, with relationships across the FX market spanning peers, banks and platforms, the exchange said. He joined LMAX Exchange from Ontario Municipal Employees Retirement System (OMERS), where he served as director of trading, responsible for FX trading and products. LMAX Exchange added that Lavigne’s appointment will help improve its global sales and product coverage model as it continues to expand and diversify its suite of global FX trading and liquidity solutions.  

Clear Street hired four trading and execution experts into its UK leadership team as it seeks to bolster its presence in the jurisdiction.  Among the new appointments is Luke Holmes, former head of equity sales, US clients at Kepler Cheuvreux, who joined the firm as managing director, sales trading. Clear Street also named Matthew Cyzer head of markets execution. He joined from TD Cowen Execution Services where he most recently served as chief executive. Also from TD Cowen is Tarquin Orchard who was named global head of event-driven strategies. In addition, Phillip Hylander was appointed managing director, execution, following two years as chief executive of OREGEN Technologies. 

Autonomous, the financial services research business division within Bernstein, appointed two new US bank analysts. Ken Usdin was appointed co-head of the Autonomous US business, covering large-cap banks. He brings 27 years’ worth of experience in equity research, having most recently served at Jefferies. Elsewhere, Casey Haire was appointed managing director to cover US mid-cap banks. Haire brings 20 years’ worth of experience, also joining Autonomous from Jefferies.   

Longfellow Investment Management appointed Allison Goldie as fixed income trader. Goldie joined the investment manager from Morgan Stanley where she spent the last three years. During her tenure at Morgan Stanley, Goldie most recently served as a trader, a position she held for over a year, having previously worked as a portfolio management associate. Elsewhere in her career, Goldie held various portfolio management-related roles at Eaton Vance.  

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Ed Tilly, chief executive of Clear Street, highlighted that these moves come as the firm looks to establish a “strong presence” in the UK, labelling the hires “a natural step in [our] global growth”.

He adds: “The addition of these leaders is another major step as we activate our mission.  Our success in the US illustrates that our client-centric approach sets us apart, and we remain eager to listen to our clients and expand where they want to see us grow.  Clear Street continues to attract top tier talent, ensuring our clients are in the best hands every step of the way.” 

Read more: Edward Tilly joins Clear Street less than a year after resignation from Cboe 

Among the new appointments is Luke Holmes, former head of equity sales, US clients at Kepler Cheuvreux, who has joined the firm as managing director, sales trading.

Holmes left the firm in September 2024 after five years, with his next role unconfirmed at the time. 
 
Clear Street has also named Matthew Cyzer head of markets execution. He joins from TD Cowen Execution Services where he most recently served as chief executive. 

Cyzer’s previous roles also includes stints as head of EMEA execution services at Deutsche Bank, head of Europe at BTIG, and co-head of European equity execution services at Goldman Sachs. 

Also joining from TD Cowen is Tarquin Orchard who has been named global head of event-driven strategies. He departed from the firm in August 2024 having most recently served as MD, head of international alternative equity strategies. 

In addition, Phillip Hylander has been appointed managing director, execution, following two years as chief executive of OREGEN Technologies.

“We are building a sustainable business in the UK with scalable infrastructure to ensure we continue delivering innovative solutions tailored to our clients’ needs.  These leadership appointments reflect our dedication to hiring top-tier talent and driving long-term success,” said Jacinda Fahey, chief executive of Clear Street UK and Europe.

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Vincent Hall joined Citi as an equity trader following two years at Citadel where he served in the same role. He returns to Citi after four years, having previously worked at the firm as associate vice president in emerging markets equity trading. Elsewhere in his career, Hall has also worked at BlackRock as an associate.

Edward Tilly is set to take over as chief executive of Clear Street at the end of this year. The announcement comes two months after Tilly’s appointment as president at the firm. He replaces CEO and co-founder Chris Pento. Upon his departure, Pento is set to assume an executive and partner role at White Bay, the family office of co-founder Uriel Cohen. He will remain on the board of directors at Clear Street. Since joining Clear Street Tilly has worked closely with Pento, jointly leading the firm through the next phase of growth.

Jack Boland joined Ilex Capital in a US equity trading and global equity capital markets role. He joins from Citadel where he had been serving for the last five years as an equity trader and senior associate. Prior to joining Citadel in 2019, Boland spent five years at BlackRock as an associate and later a trader and just under a year at HBK Capital Management as a trader before that. Previously in his career, he undertook several banking, capital markets, and portfolio management internships across PwC, KPMG UK, BlackRock, and Jefferies.

Elijah Ibrahim Diallo joined Magellan Capital as a multi-strategy trader, based in the UAE. He most recently served as an investment manager at ADQ and before that spent two and a half years as a senior trader and portfolio manager at Azimut. In his career, Diallo has also worked as an equity trader at Avalon Capital Markets. Previous experience also includes stints at EFG Hermes and Mubasher Financial Services.

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Upon his departure, Pento is set to assume an executive and partner role at White Bay, the family office of co-founder Uriel Cohen. He will remain on the board of directors at Clear Street.

Speaking to his departure, Pento said: “I’m incredibly proud of what we’ve achieved at Clear Street […] The blend of tech and finance talent at Clear Street has allowed us to build horizontally scalable technology, disencumbered from decades-old infrastructure, integrated with the best capital markets teams on the street. 

“Our product and service model is second to none, and our progress rolling out new technology solutions like Studio, our all-in-one portfolio management system, and service offerings like equity research and investment banking, has only accelerated.”

Since joining Clear Street Tilly has worked closely with Pento, jointly leading the firm through the next phase of growth.

Tilly resigned as chief executive of Cboe in September 2023, following the conclusion of an investigation – launched in August – that determined he had failed to disclose personal relationships with colleagues. 

Read more: Cboe names new chief executive as Edward Tilly resigns over undisclosed personal relationships 

“What Chris has achieved for Clear Street since the founding in 2018 is extraordinary, and I’m grateful for his vision and commitment to this innovative business,” said Tilly. 

“In a landscape dominated by legacy players, Chris had the vision to combine a cloud-native tech platform with non-bank prime-brokerage and a relentless customer-centric focus. That’s a winning combination that we are repeating and scaling across markets, client types and geographies. We look forward to Chris’ ongoing guidance as he and I work closely together for the rest of the year, and then as he continues his presence on our Board and assumes his new role at White Bay.”

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