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Algomi Recruits Head of Asia-Pacific as it Accelerates Global Expansion

Algomi Recruits Head of Asia-Pacific as it Accelerates Global Expansion

LONDON & SINGAPORE--(BUSINESS WIRE)--Jan 7, 2015--Algomi, the network company providing information-matching solutions for the optimisation of fixed income liquidity, today announced the next step of its global expansion with the recruitment of Jesper Bruun-Olsen as its Head of Asia-Pacific operations. Jesper joins with immediate effect and will be responsible for establishing Algomi's APAC presence in Singapore and Hong Kong in 2015, expanding the Algomi Honeycomb network to facilitate APAC bond market liquidity.

Previously, Jesper spent 11 years at Tradeweb from 2001 to 2012, most recently as Managing Director, Asia-Pacific. Jesper joined as part of the early team that established Tradeweb in Europe. In 2004 he was appointed to head up the company's expansion into APAC, initially based in Japan and later Hong Kong. Most recently, he held the position of Managing Director at OANDA in the region.

Before joining Tradeweb, Jesper was responsible for fixed income sales to international institutional investors at Nordea's offices in Copenhagen and Tokyo. Prior to that, he held various positions trading and selling fixed income securities.

"Jesper's experience of fixed income markets will be crucial when it comes to building out our business across the APAC region," said Stu Taylor, CEO, Algomi. "APAC is a strategically important, diverse and exciting marketplace, and it is crucial to have an experienced individual on board, with practical expertise of operating across multiple jurisdictions as we move into the next chapter of our global growth."

"Algomi's trajectory has been very exciting to watch," added Jesper Bruun-Olsen, Head of Asia-Pacific, Algomi. "As the size of the APAC corporate bond market has continued to grow significantly, we've also seen that there has been more emphasis placed on voice trading versus electronic. Algomi is well placed to help firms operating in APAC, and firms wanting to tap APAC market liquidity in their quest for increased velocity in regional bond markets."

Jesper holds a degree in Commerce and Finance from Copenhagen Business School, and also participates in the European Commission sponsored Executive Training Programme (ETP) focused on conducting business in Japan.

In November 2014, Stu Taylor took part in a Mayor of London and UK Trade & Investment global roadshow in Singapore and Malaysia, which aimed to help London headquartered SMEs export to overseas markets, and promoted London as a Fintech hub.

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Notes to Editors

ABOUT ALGOMI LTD

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Algomi creates the network that enables all market participants to securely and intelligently harness data to make valuable financial trading connections. By maximising the relationships between salespeople, traders and investors, the Algomi Honeycomb suite of scalable software greatly increases the opportunities and velocity in large and illiquid voice trades between banks and institutional investors.

For banks, Algomi Honeycomb creates both a real-time internal network of salespeople and traders, and a discrete dynamic connection to their universe of investor clients and interbank parties, using their own data, external aggregators and other sources. Honeycomb enables banks to identify the best trade opportunities and to generate efficient collaboration between traders, salespeople and their clients.

For portfolio managers, investor dealers and compliance teams, Honeycomb provides the data and market insight vital to selecting the right banks and the right time to trade. The investor is able to deal in size, seek best execution, and remain discrete in the market while the banks use their large distribution network. Execution is voice based between investor and bank, as is appropriate for large sensitive trades.

Algomi was founded in 2012 by Stu Taylor (Former Global Head of Matched Principal Trading and creator of PIN-FI at UBS), Usman Khan and Robert Howes (Founders of CAPXD). Michael Schmidt (Former Head of European Credit Trading and IB Board Member at UBS) joined as Chairman in 2013. Backed by investment from Lakestar and an exceptional panel of Strategic Advisors, the Algomi team has grown to 90 employees in offices in London and New York.

https://www.facebook.com/AlgomiLtd

https://www.linkedin.com/company/algomi-ltd

https://twitter.com/Algomi_Ltd

http://www.algomi.com/

CONTACT: Cognito Europe (for Algomi)

Charlie Morrow / Katherine Dvorkin

+44 (0)20 7426 9400

algomi@cognitomedia.com

KEYWORD: UNITED KINGDOM EUROPE ASIA PACIFIC SINGAPORE

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Algomi

Copyright Business Wire 2015

PUB: 01/07/2015 09:00 AM/DISC: 01/07/2015 09:00 AM

http://www.businesswire.com/news/home/20150107005036/en


Updated : 2021-09-19 11:22 GMT+08:00