Liquidnet, the global institutional trading network, today announced the appointment of Patrick Young as Non-Executive Director of Liquidnet Europe. In this role, he will provide strategic counsel to Liquidnet as it continues to expand its business across the region and further expand its exchange partnership strategy globally. Patrick joins Executive Directors Seth Merrin, John Barker, Simon Ormrod, and Non-Executive Director Adrian Fitzpatrick, Head of Investment Dealing at Kames Capital, on the board.
John Barker, Head of International for Liquidnet and Managing Director of Liquidnet Europe commented: “Patrick’s 20 years in the cash and derivatives markets, the strength of his advisory connections and his experience as Chief Executive Officer of SIBEX in Romania, will be of great value to Liquidnet as we look to further extend our institutional reach and continue to provide asset managers in Europe with quality, actionable liquidity.”
Patrick has more than 20 years’ experience working in the cash and derivatives markets across the EU, Eastern Europe, North America and Australia. He is currently Chairman of DV Advisors, a securities exchange consultancy, and most recently served as Chief Executive Office of SIBEX. Patrick has worked extensively in the development of financial centres across the world and has advised major exchanges in the US, Europe, and Asia, including CME, NYSE Euronext and Deutsche Börse. He is also the author of several financial books such as, "Capital Market Revolution!”, amongst others.
“Over the years I have watched with interest as Liquidnet has successfully created new opportunities for institutional investors and other capital market participants despite economic conditions and a changing equity market structure. I am absolutely delighted to become part of the Liquidnet team as they continue to
deliver cutting edge institutional trading solutions and evolve the markets,” commented Young.
Liquidnet is the global institutional trading network that connects over 700 of the world’s top asset managers to large-scale equity trading opportunities across the globe — 41 markets across five continents. With an average trade size of more than 44,000 shares in the US, 68,800 in Canada, and approximately $1 million in Europe, Africa and Asia Pacific*, Liquidnet is a leader in large block trading globally. Liquidnet does this by going beyond what the retail market can provide by defending and securing the integrity and the anonymity of the block trade while continuously looking for ways to bring in new sources of safe, actionable liquidity from asset management firms, exchanges, brokers and corporations. Asset Managers rely on Liquidnet to help them protect the performance of their portfolios by allowing them to enter and exit their portfolio positions more efficiently. For more information on the Liquidnet community, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com.
Melissa Kanter, Liquidnet
Global Marketing & Communications
+1 646 660 8469
*as of 1H 2012
©2012 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is authorized and regulated by the Financial Services Authority in the UK, is licensed by the Financial Services Board in South Africa, and is a member of the London Stock Exchange and a remote member of the Warsaw Stock Exchange and SIX Swiss Exchange. Liquidnet Canada Inc. is a member of IIROC and a member of Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance 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.