Liquidnet, the global institutional investment network, today announced the appointment of Nicholas Stephan as Global Head of Fixed Income Product, Services and Dealer Relations. The appointment is the latest in a series of hires in EMEA and the Americas that has significantly increased the size and expertise of the fixed income team since Liquidnet’s acquisition by TP ICAP earlier this year.
Based in New York and reporting to Mark Russell, Global Head of Fixed Income, Nick will be responsible for growing the firm’s fixed income offering across primary and secondary markets. Specifically, he will focus on developing new trading protocols, governance, and access to liquidity.
Nick joins Liquidnet from Fenics DeltaX, an electronic corporate bond trading venue, where he was Managing Director. Prior to this, he co-founded and headed Phoenix Partners Group, a hybrid voice and electronic boutique broking business with operations in the US and Europe that was acquired by GFI Group in May 2013 and rebranded to Latium.
Mark Russell said: “Liquidnet Fixed Income is in an exciting phase of growth and development. Building on Liquidnet’s capabilities in primary and secondary markets, Nick’s expertise will help us to enhance our offering and achieve our goal to electronify the full life cycle of a bond.”
Investing in Fixed Income
Nick’s appointment is the latest step in Liquidnet’s strategy to invest in its Fixed Income coverage model, which has already seen it;
– Enhance its Trade Coverage team that offers specialized institutional expertise and insight to help Members and clients seize trading opportunities
– Establish a dedicated Sell-Side Client team
– Expand its footprint with on-the-ground specialists, for example in Paris, Copenhagen, Chicago and San Francisco.
Nick Stephan added: “Liquidnet is an established brand, valued in the industry for its depth of connectivity and state-of-the-art technology. Coming from an entrepreneurial background, I’m thrilled to join a business with a clear vision that is poised for exponential growth.”
Nick’s appointment follows the launch of Liquidnet Primary Markets in September 2021, phase one of a new offering that electronifies the Debt Capital Markets (DCM) workflow for new issue announcements and the trading of new issues. Liquidnet Primary Markets addresses the challenges of data fragmentation and reflects the firm’s ambition to be the first to deliver an end-to-end workflow solution for the full life cycle of a bond from issuance to redemption.
About Liquidnet
Liquidnet is a technology-driven, global institutional investment network that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents and seamlessly connects institutional brokers, investment banks, exchanges, alternative trading venues, and a growing list of data and research providers. We built Liquidnet to make global capital markets more efficient, and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.
About TP ICAP Group plc
TP ICAP is a leading global markets infrastructure and data solutions provider. The Group connects buyers and sellers in global financial, energy and commodities markets. We are the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence. www.tpicap.com
© 2021 Liquidnet Holdings, Inc., and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is authorised and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Sector Conduct Authority in South Africa, and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. Liquidnet EU Limited is authorised and regulated by the Central Bank of Ireland and is a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525, and is registered with the New Zealand Financial Markets Authority as a Financial Service Provider, FSP number FSP3781. Liquidnet Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc.
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