16 Dec, 2020

Stuart Taylor To Head EMEA Electronic Trading

MUFG Securities, part of the world’s fifth-largest bank by total assets, has just hired former BGC chief executive Stuart Taylor as the new head of e-commerce for EMEA, Asia and America.

In addition to his newly created role in the MUFG Securities Industry, Taylor will consolidate the E-trading strategy and expand the business through the use of e-commerce. Taylor, based in London, will report to Atif Hayat, MUFG’s deputy global director of sales and trade.

Taylor is an experienced Capital Market Professional with over 25 years of experience in the investment and corporate banking sector. He began his career in 1996 at Merrill Lynch, where he worked for nearly ten years for the bank’s European e-commerce.

His most notable position was CEO and co-founder of bond trading software and pre-trade analysis provider, Algomi. He resigned from his role at Algomi in April 2018 after co-founding the company in 2012.

He joined BGC Partners ‘ MUFG, where he spent nearly two years after initially joining the intermarket broker, after finalizing the Algomi acquisition. Taylor recently held the position of head of credit in BGC’s Fenics business, which provides electronic trading services and software across various asset classes, including currencies, derivatives and fixed income.

Other positions include the role of Chief Executive at UBS, where he led the fixed income trading franchise for more than five years and helped launch the flagship auction system for bond trading, Bond Port.

“Stuart’s proven experience and innovative stripes make it a significant asset to the team as we expand our product range. I look forward to working with him to advance MUFG’s electronic trading strategy, which primarily considers our clients and their needs by helping them achieve their execution goals. This increases our operational efficiency and strength in this area, ” Hayat said.

MUFG has recently made several operational changes to adapt to the dynamic global financial industry. As for its European operations, the company is preparing for the upcoming Brexit and is banking on Amsterdam as a landing place for its EU headquarters.

Unlike Nomura, Daiwa Securities and Sumitomo Mitsui Financial Group (SMFG) who chose Frankfurt, MUFG is the first major lender to move to Amsterdam. The move comes amid a row over deciding post-Brexit strategies.

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *