London-based Tinworth most recently served as global head of fixed income trading at UBS. In the role, he oversaw rates and credit trading.

He will report to Sian Hurrell, head of global sales and relationship management and head of capital markets Europe.

Speaking in an official announcement, Hurrell explained: “Working closely with Christophe Coutte, head of trading, global markets Europe, Mark will help drive alignment between sales and trading, ensuring seamless collaboration across the platform and delivering exceptional outcomes for our clients. 

“[He] will partner with key stakeholders in global sales, senior relationship management, trading, structuring and corporate and investment banking, and work closely with functional partners to build on our existing momentum.”

In the role, Tinworth is set to focus on the strategic initiatives of the global markets offering across the UK, continental Europe and the Middle East.

Tinworth has more than 25 years of experience across the industry, having served at UBS, Citibank, and Lehman Brothers throughout his career. 

Read more: Fireside Friday with… RBC’s James Hilton

Janet Wilkinson, head of European flow sales, and Jason Goss, head of European solutions and structured product sales, are set to report to Tinworth once he begins his new role.

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Speaking to The TRADE about Blackburn’s appointment, Mark Govoni, chief executive of Liquidnet, said: “Trading desks within asset management are increasingly consolidating and evolving into multi-asset models. We’ve been on this journey alongside our clients, steadily expanding into new asset classes and geographies to meet their changing needs.

“We’re pleased to welcome Chris as our global head of multi-asset to help shape and execute our global strategy as we continue to build an institutional  multi-asset offering.”

During his tenure at UBS, Blackburn served as chief operating officer for the sell-side global cash equities business, and most recent headed up the UBS Execution Hub. 

In the role, he oversaw the development of the Hub, focused on opening up outsourced trading as an option for larger firms as well as holding responsibility for the innovation strategy of the offering.

Speaking to The TRADE previously, Blackburn explained: “Existing trading desks of larger asset managers are increasingly using [the Hub] to add particular capabilities or capacity where they determine that it does not make sense for them to build in-house.” 

Blackburn has also previously served at Morgan Stanley, Jefferies, Lehman Brothers, and Goldman Sachs.

Read more – Outsourced trading: Easy to do, difficult to get right

Since his departure from UBS, the firm dramatically exited the outsourced trading sphere in March, as revealed by The TRADE at the time. 

The decision sent shockwaves through the market, bringing questions around the outsourced trading industry’s current state of play to the fore, highlighting the potentially changing role of big banks in the sphere.

The move came just weeks after the appointment of Ian Power as new head of the business. Power then left the business following its decision to exit the space.  

Read more: UBS makes shock exit from outsourced trading game

UBS gave its clients a three-month notice period ahead of the unit closure, as revealed by The TRADE.

The Swiss bank’s Execution Hub is not being closed and will continue to focus on the firm’s global wealth management and bank clients.
 
“We continue to focus on growth and remain dedicated to our clients as we service them through our broad and leading global markets offerings,” said a UBS spokesperson when approached for comment by The TRADE. 

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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.”  

The post People Moves Roundup: Clear Street, Cboe and T. Rowe Price appeared first on The TRADE.

Spencer Lee

The new position will see Lee, who is based in San Francisco, covering the responsibility for business and product management across US high-grade, high-yield, municipals, dealer and client solutions.  

He will also lead MarketAxess X-Pro, the firm’s trading platform for portfolio trading.  

Speaking on his new role, Lee said: “I am excited to be marking the next chapter of this journey at MarketAxess, as I believe my time as a trader and experience in helping adapt EMS technology to the fixed-income markets have uniquely prepared me to lead this product team in the next phase of innovation.”  

Lee brings more than two decades of fixed income trading experience to his new role. Most recently, he served as chief markets officer at TS Imagine, which he had held since September 2022. 

Prior to this, he also co-founded systematic credit hedge fund, Agilon Capital in July 2018, and served as a director at BlackRock for more than five years, leading global credit electronic trading and West Coast fixed income trading.  

Lee will report to MarketAxess chief executive, Chris Concannon, who said: “Spencer is a well-known and respected leader in the fixed-income markets.  

“He will bring tremendous fixed-income trading experience, market structure expertise, an invaluable buy-side perspective to MarketAxess and will further product advancement for our clients.” 

Read more – MarketAxess appoints UBS AM director as head of client solutions 

The appointment follows recent expansions in MarketAxess’ client-based team. In July 2024, the trading platform operator appointed ex-UBS AM director to a newly created position as head of client solutions.  

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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.  

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.” 

He also brings extensive industry experience to the new role, and has covered a variety of assets, from equities, fixed income and derivatives.  

Read more – T.Rowe Price’s Matt Howell on best execution in equity derivatives 

Prior to his time at T. Rowe Price, he worked in trader positions at Caxton Associates, Tudor Investment Corporation and AllianceBernstein. 

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Craig Donohue

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.

“We are thrilled to welcome Craig to Cboe. His visionary leadership, deep experience, industry relationships, and proven track record in global financial markets make him an excellent individual to take the helm as CEO at Cboe,” said William Farrow III, chair of the board of Cboe Global Markets.

“[…] I want to thank Fred for stepping into this position and his leadership as CEO over the last year and a half. I know that he will work closely with Craig to help ensure a smooth and orderly transition.”

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.

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

Speaking to his appointment, Donohue said: “Cboe is an institution I have long admired, and I am honoured to be their next CEO. I am excited to work with the strong team to drive forward our strategic initiatives, enhance our market leadership and build upon the remarkable reputation that Cboe has established over the last five decades as a leading global derivatives market player.

“Cboe’s commitment to innovation, excellence and teamwork aligns with my values and vision and I am thrilled to guide Cboe into its next chapter.”

The post Cboe Global Markets names ex-CME chief as new CEO appeared first on The TRADE.

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.  

David Howson, global president of Cboe Global Markets, said: “Natan’s leadership will be important as we continue to activate and capitalise on the unrivalled global network of equity exchanges we’ve built in recent years, driving growth, expanding our range of products and reinforcing our position as a pioneer in orderbook innovation.” 

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.  

Tiefenbrun also has extensive experience working in senior positions across the financial sector.  

Prior to his career at Cboe, he 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.  

Read more – Cboe appoints new derivatives market intelligence director 

The new position follows a recent push to expand many of Cboe’s business lines, including derivatives, clearing, FX and data vantage. At the beginning of April, the exchange named Wei Liao as its new director of derivatives market intelligence, driving forward Cboe’s derivatives market and content franchise to its client base in Asia Pacific.  

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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. 

The post Ex-Citi managing director Matthew Cousens joins Clear Street appeared first on The TRADE.

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.”   

The post People Moves Monday: Clear Street, Columbia Threadneedle, TD Securities, and more… appeared first on The TRADE.

The move sees London-based Jackson departing from his role as global head of equity strategy and head of equities for EMEA, which he had held since August 2019. 

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.”  

He began working for Liquidnet in March 2015 where he assumed the role of head of EQS, EMEA, before moving into equities.  

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. 

Previously, he had a brief stint in 2012 as a member of the High Level Stakeholder Group advising HM Treasury and Government Office for Science on the future of computer-based trading alongside his role at Citi. 

Jackson confirmed his position in a social media announcement.  

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