Liquidnet, the New York based institutional great liquidity service provider recently revealed changes made to its senior level leadership and management team. As per statement released by the firm, it has promoted Mr. Brian Conroy to take on the role of Chief Executive Officer as part of its efforts accelerate the launch of several of its new initiatives including such as its new data and analytics business. Mr. Conroy will be succeeding Mr. Seth Merrin as CEO but Mr. Merrin will continue to retain his role as Executive Chairman of the board. As the newly appointed CEO, Brian will continue to be based in Liquidnet’s global headquarters located in New York, USA. The newly appointed CEO will be in-charge of leading the firm as it heads into key phase of expanding its global presence while also focusing on expanding its product portfolio.
The newly appointed CEO joined the firm back in February of 2019 as President prior to which he served in the similar role at London headquartered financial service provider Fidelity International for three and a half years. Mr. Conroy is a veteran with a proven successful track record for more than three decades of experience in financial services industry. Prior to his term with Fidelity International, he served as President and Head of Global Equity Trading for Boston based firm Fidelity Investments for nearly a decade. Earlier in his career, he served in senior level roles at SAC Capital Management, JP Morgan and Goldman Sachs as per information in his LinkedIn profile. While Mr. Conroy focuses on leading the firm across its global expansion activities in all three of its business divisions – Equities, Fixed Income and newly launched investment analytics, Mr. Merrin – the Chairman of board will focus on firm’s mid to long term strategic planning.
It should be noted that earlier this year, the firm launched its Investment Analytics business unit and appointed Mr. Vicky Sanders as the Global Head of the division as per statement released by the firm back in 30th January, 2020. Commenting on his promotion to role of CEO, Mr. Conroy said, “Seth’s vision and commitment to innovation have created a significant opportunity for us in the years ahead. AS CEO, my priority is to simultaneously grow our established businesses and capitalize on the investments we have made in solutions and services that help clients compete in this era of automation and data driven investing”.
Commenting on Brain’s promotion, Mr. Merrin said, “Brian came on board a year ago as part of our plan to deliver the capabilities that clients will need to compete in a market that’s undergoing yet another technology driven transformation. He’s played an important role in the core investments we’ve made and will continue to make in technology that helps our clients identify and access market opportunities rapidly and efficiently in this new market environment. In 2020, we will focus on launching new technology solutions across equities, fixed income and our investment analytics businesses that address our customer’s largest challenges. Over six months ago, Brian took on the responsibility of managing all our businesses globally with all units reporting to him and Brian reporting to me. I couldn’t be happier with our progress and the strong partnership that Brian and I have developed. Now is the right time for me to formally recognize his role and responsibilities with the title of CEO”.
