Haynes has nearly 50 years of experience across the industry, working in several high profile roles across the equity space, including as chief executive of Chi-X Europe and ITG International, and of course Aquis. The TRADE awarded Haynes with the prestigious Lifetime Achievement Award in 2018, recognising his significant and enduring impact on the industry. 

Anthony Santostefano joined Stern Brothers as senior vice president, institutional equity trading and sales, following seven and a half years with Cabrera Capital Markets. In his new role, Santostefano will be based in New York and focused on live markets during the European equity sessions. 

Whilst at Cabrera Capital Markets, Santostefano most recently served as director of EMEA equities sales trading. Elsewhere during his career, he has worked extensively in APAC-related sales, including as an equity sales trader at Topeka Capital Markets and head of institutional sales, US emerging growth at Sidoti & Company. Santostefano’s other roles include stints as APAC equity sales trading at Maybank Kim Eng Securities USA, desk manager, equity sales trading at Auerback Grayson, and as a trader at both Natixis and Scudder Investments. 

Liquidnet made two new appointments within its multi-asset services team, adding Patric Okumi and Samuel Lowres to lead multi-asset sales. Okumi joined Liquidnet’s multi-asset services team from TP ICAP Group, where he spent the last 11 years in broking and trading-related roles. He was also part of TP ICAP’s equity trading desk before building out the single stock equity and ETF RFQ offering on Fusion, the firm’s electronic platform. 

Meanwhile, Lowres was promoted to the role, having joined Liquidnet three years ago as part of the Liquidity Partnerships team. Lowres has a background in low-touch electronic trading and execution consulting, including the provision of data and transaction cost analysis. Liquidnet added that he brings considerable technical expertise to this role. 

The London Stock Exchange Group (LSEG) appointed Hiroki Tomiyasu as head of post-trade, Japan, and head of post-trade solutions, APAC. Tomiyasu joined LSEG from Morgan Stanley MUFG Securities, where he most recently served as managing director, head of final investment decision (FID) risk for Asia. Elsewhere during his tenure at Morgan Stanley, Tomiyasu served as COO/front risk, Japan FID, and counterparty risk management, APAC FID. Before joining Morgan Stanley, he held positions spanning risk, technology and sales at the Development Bank of Japan.  

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Samuel Lowres, Patric Okumi

Okumi joins Liquidnet multi-asset services team from TP ICAP Group, where he spent the last 11 years in broking and trading-related roles.  

He was also part of TP ICAP’s equity trading desk before building out the single stock equity and ETF RFQ offering on Fusion, the firm’s electronic platform.

Meanwhile, Lowres has been promoted to the role, having joined Liquidnet three years ago as part of the Liquidity Partnerships team.

Lowres has a background in low-touch electronic trading and execution consulting, including the provision of data and transaction cost analysis. Liquidnet added that he brings considerable technical expertise to this role. 

Read more: The TRADE unveils ‘Liquidnet Leads’ initiative

“Drawing on their expertise from within TP ICAP Group and Liquidnet, [Okumi and Lowres] will focus on enhancing buy-side access to trading opportunities, leveraging where appropriate TP ICAP Group’s deep liquidity pools across select brands and a range of asset classes,” said Liquidnet. 

The offering allows members to anonymously interact with the specified liquidity, alongside providing access to custom trading tools and analytics.

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Tomiyasu joins LSEG from Morgan Stanley MUFG Securities, where he most recently served as managing director, head of final investment decision (FID) risk for Asia.   

Elsewhere during his tenure at Morgan Stanley, Tomiyasu served as COO/front risk, Japan FID, and counterparty risk management, APAC FID.  

Before joining Morgan Stanley, he held positions spanning risk, technology and sales at the Development Bank of Japan.  

“We are delighted to welcome Hiroki Tomiyasu to LSEG. The experience and knowledge he brings to the role will help us drive further growth across our multi-asset class offering and, in partnership with our customers, deliver new products and services,” said Daniel Maguire, group head, LSEG Markets, and chief executive of LCH Group. 

Read more: LSEG appoints new chief executive of LCH Limited  

As part of the role, Tomiyasu will report to both Rohit Verma, head of post-trade, APAC, and Andrew Williams, global head of post-trade solutions. 

According to the exchange, this newly created position will help reinforce its commitment to servicing Japan and APAC’s markets, allowing customers to benefit from risk management solutions and capital, margin and operational efficiencies.   

“It is a great opportunity to join LSEG at this exciting time, and to work together with teams in Japan and across APAC as we expand our capabilities across the region,” said Tomiyasu. 

“I look forward to partnering with our clients and members, and the markets that we serve, as we look to drive new levels of capital, margin and operational efficiency.” 

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Announcing his departure on social media, industry heavyweight Haynes cited health reasons as the reason behind the decision.

David Stevens, current COO of Aquis Exchange is set to take over as chief executive with immediate effect, The TRADE understands, while Richard Fisher will step into the joint role of CFO and COO. 

Haynes has nearly 50 years of experience across the industry, working in several high profile roles across the equity space, including as CEO of Chi-X Europe and ITG International, and of course Aquis.

The TRADE awarded Haynes with the prestigious Lifetime Achievement Award in 2018, recognising his significant and enduring impact on the industry.

“I will remain close to the business that I love, but in a less demanding capacity […] Moving away from being the CEO is bittersweet for me, but it’s definitely not goodbye – One’s health must be taken seriously and so I am very happy that in my new role as President, this enforced pulling back from day-to-day responsibilities, will allow me to continue to play a part in the Aquis story,” said Haynes. 
 
“I really look forward to the future, whatever it may hold. It will undoubtedly be different but as all of you know, I have never been frightened of a challenge!”

Aquis confirmed that Haynes’ move will not impact the cash offer for the business by SIX Exchange Group, reiterating that the requisite majorities of shareholders have already voted in favour of the SIX offer. The deal is set to complete in Q2 2025.

Stevens said: “The future ahead for Aquis is incredibly bright, with many opportunities available to us.  I am looking forward to guiding Aquis through the coming months and beyond. The Group has an incredibly strong leadership team, including CFO and now, COO Richard Fisher who has been an integral part of Aquis’ management for the past four years, along with an exceptional cohort of employees who work tirelessly every day to deliver on our vision of creating and facilitating better markets for a modern economy.”

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LMAX Exchange appointed Daniel Lavigne as head of buy-side sales for Canada. Lavigne brings more than 25 years of buy-side experience, with relationships across the FX market spanning peers, banks and platforms, the exchange said. He joined LMAX Exchange from Ontario Municipal Employees Retirement System (OMERS), where he served as director of trading, responsible for FX trading and products. LMAX Exchange added that Lavigne’s appointment will help improve its global sales and product coverage model as it continues to expand and diversify its suite of global FX trading and liquidity solutions.  

Clear Street hired four trading and execution experts into its UK leadership team as it seeks to bolster its presence in the jurisdiction.  Among the new appointments is Luke Holmes, former head of equity sales, US clients at Kepler Cheuvreux, who joined the firm as managing director, sales trading. Clear Street also named Matthew Cyzer head of markets execution. He joined from TD Cowen Execution Services where he most recently served as chief executive. Also from TD Cowen is Tarquin Orchard who was named global head of event-driven strategies. In addition, Phillip Hylander was appointed managing director, execution, following two years as chief executive of OREGEN Technologies. 

Autonomous, the financial services research business division within Bernstein, appointed two new US bank analysts. Ken Usdin was appointed co-head of the Autonomous US business, covering large-cap banks. He brings 27 years’ worth of experience in equity research, having most recently served at Jefferies. Elsewhere, Casey Haire was appointed managing director to cover US mid-cap banks. Haire brings 20 years’ worth of experience, also joining Autonomous from Jefferies.   

Longfellow Investment Management appointed Allison Goldie as fixed income trader. Goldie joined the investment manager from Morgan Stanley where she spent the last three years. During her tenure at Morgan Stanley, Goldie most recently served as a trader, a position she held for over a year, having previously worked as a portfolio management associate. Elsewhere in her career, Goldie held various portfolio management-related roles at Eaton Vance.  

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Ken Usdin has been appointed co-head of the Autonomous US business, covering large-cap banks alongside Dwight Collins, who heads the research business’ US sales team. 

Usdin brings 27 years’ worth of experience in equity research, having most recently served at Jefferies. He also previously held roles at Bank of America, UBS, Lehman Brothers and the Federal Reserve Bank of New York. 

Elsewhere, Casey Haire has been appointed managing director to cover US mid-cap banks. 

Haire brings 20 years’ worth of experience, also joining Autonomous from Jefferies.  

Elsewhere in their career, Casey held positions at Bank of America and Putnam Lovell.  

“We are delighted that two specialist analysts of the highest calibre have chosen to join Autonomous,” said Robert van Brugge, chief executive at Bernstein.  

“These appointments demonstrate our commitment to the Autonomous product, which is renowned in the industry for providing best-in-class research on the financial services sector for the benefit of clients.” 

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Ed Tilly, chief executive of Clear Street, highlighted that these moves come as the firm looks to establish a “strong presence” in the UK, labelling the hires “a natural step in [our] global growth”.

He adds: “The addition of these leaders is another major step as we activate our mission.  Our success in the US illustrates that our client-centric approach sets us apart, and we remain eager to listen to our clients and expand where they want to see us grow.  Clear Street continues to attract top tier talent, ensuring our clients are in the best hands every step of the way.” 

Read more: Edward Tilly joins Clear Street less than a year after resignation from Cboe 

Among the new appointments is Luke Holmes, former head of equity sales, US clients at Kepler Cheuvreux, who has joined the firm as managing director, sales trading.

Holmes left the firm in September 2024 after five years, with his next role unconfirmed at the time. 
 
Clear Street has also named Matthew Cyzer head of markets execution. He joins from TD Cowen Execution Services where he most recently served as chief executive. 

Cyzer’s previous roles also includes stints as head of EMEA execution services at Deutsche Bank, head of Europe at BTIG, and co-head of European equity execution services at Goldman Sachs. 

Also joining from TD Cowen is Tarquin Orchard who has been named global head of event-driven strategies. He departed from the firm in August 2024 having most recently served as MD, head of international alternative equity strategies. 

In addition, Phillip Hylander has been appointed managing director, execution, following two years as chief executive of OREGEN Technologies.

“We are building a sustainable business in the UK with scalable infrastructure to ensure we continue delivering innovative solutions tailored to our clients’ needs.  These leadership appointments reflect our dedication to hiring top-tier talent and driving long-term success,” said Jacinda Fahey, chief executive of Clear Street UK and Europe.

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Goldie joins the investment manager from Morgan Stanley where she spent the last three years. 

During her tenure at Morgan Stanley, Goldie most recently served as a trader, a position she held for over a year, having previously worked as a portfolio management associate.  

Elsewhere in her career, Goldie held various portfolio management-related roles at Eaton Vance.  

Goldie announced her appointment in a social media post.  

Last November, fixed income investment bank KNG Securities also tapped Morgan Stanley for a new fixed income sales appointment –Mert Kisacik, now responsible for Turkish and Israeli markets.  

Kisacik had previously spent two years at Morgan Stanley, most recently as part of the bank’s emerging markets cross asset sales team. 

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Awan previously spent 17 years at Fidelity International, serving in a range of senior positions.  

Most recently, she served as head of strategic initiatives for global trading. Prior to that, she worked as global trading business manager.  

Further roles at Fidelity International include stints as fixed income trading business manager, senior fixed income change manager, and senior fixed income portfolio analyst.   

Before joining Fidelity International, Awan spent two years at Royal London Asset Management.  

While at the asset manager, she held a fixed income and derivatives front-office support role, and also previously served as a securities processing analyst.  

Awan announced her appointment in a social media post.  

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