Neonet Securities AB, a Stockholm-based broker offering electronic trading for banks and funds, named Alasdair Haynes as its new chairman.
Haynes, former chief executive officer of Chi-X Europe Ltd., set up in 2012 an alternative trading system, Aquis Exchange Ltd., in competition with his previous employer and traditional exchanges. At Neonet, he replaces Peter Melbi, who is taking another board directorship, according to a statement.
Neonet is overhauling its business and hired Tim Wildenberg last year as CEO. Wildenberg was Citigroup Inc.’s head of equities electronic trading for Europe, the Middle East and Africa and joined the New York-based bank in London in June 2011. He previously spent 14 years at UBS AG, where he was responsible for European listed derivatives.
In March, Neonet named Johan Erikson, a former global head of trading at DnB Asset Management, to revamp its execution services and expand the firm’s commission-sharing businesses.
Before Chi-X, Haynes was the CEO of New-York based Investment Technology Group Inc.’s international business in London. He left ITG in 2009 after a decade. Haynes has traded stocks and derivatives for more than 30 years, including stints at Morgan Grenfell, Bankers Trust and UBS.
Last year, Haynes sold a 30 percent stake in London-based Aquis to the Warsaw Stock Exchange.