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Dark-Pool Firm Started by Bankers to Enter Hong Kong and Japan

  • Former Citi, UBS trader Richard Macfarlane heads Asian growth
  • Sydney’s Block Event also going into Indonesia, Philippines

Block Event, an Australian equity-trading venue run by a former Credit Suisse Group AG trader, will expand a business that combines the attributes of a dark pool and a sales desk into Hong Kong and Japan by the end of the year.

Founders David Klinger and Phillip Weinberg hired Hong Kong-based Richard Macfarlane, a 51-year-old veteran of Citigroup Inc. and UBS Group AG, to begin trading in four Asian markets including Indonesia and the Philippines, Klinger said in an interview. Sydney-based Block Event aims to hire local language speakers in Hong Kong, Japan and India as it grows, he said.