FOCUS ON INTEGRATING & DEVELOPING PRODUCTS FOR INSTITUTIONAL INVESTORS TO CONNECT, COMMUNICATE AND TRANSACT MORE EFFICIENTLY
Liquidnet, the global institutional trading network, today announced that Richard Barnett has joined the company as Global Head of Product and a member of the leadership team effective immediately. In this role, Richard is responsible for overseeing, expanding and integrating Liquidnet’s product offering so that more than 700 of the world’s leading asset management firms can continue to trade more efficiently while accessing the best investment opportunities around the world. Based in New York, he will report directly to Chief Operating Officer, John Kelly.
“Richard will play a pivotal role in helping Liquidnet seamlessly integrate our products with our awardwinning front-end to provide significant value to our Members beyond best execution. Richard brings not only a depth of expertise and understanding about our core technologies and products, but he also has deep insight in how to make these solutions work together in ways that are most responsive to the needs of the institutional investment community,” commented Kelly. “He has a proven track record of integrating technology and functionality directly within the trader’s workflow and developing products and technologies that connect communities in real time. These skills are central to our efforts as we continue to build out Liquidnet’s global network.”
Richard joins Liquidnet from Thomson Reuters where he was Global Head of Product Management responsible for real-time news, messaging, analytical products and desktop design strategy. Prior to that, he spent more than 12 years at Bloomberg where he was Product Management and Marketing lead overseeing the development of some of the company’s most widely used applications including their messaging and compliance platform, portfolio analytics, news and mobile products. Richard is credited with the creation and implementation of Launchpad®, Bloomberg’s real time monitoring product and Instant Bloomberg®, the company’s popular instant messaging platform. Originally from the United Kingdom, Richard holds a BA degree in Economic and Social Studies from the University of East Anglia and a Post Graduate diploma in Japanese Language.
“Leveraging its groundbreaking platform introduced more than ten years ago, Liquidnet has focused on building an unmatched network of institutional investors while expanding its global footprint. Following that extensive growth, there is a significant opportunity to enhance the company’s front-end so that it meets the demanding needs of institutional investors as they try to source the best investment opportunities no matter where they may be,” commented Richard. “There is also a significant opportunity to deliver new products and services that directly connect all the communities in Liquidnet’s network in order to bring further efficiency to the markets. I look forward to helping to make that happen.”
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.