Algomi hires for launch of NY office 28 November 2013New York Reporter: Georgina Lavers
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Algomi, the provider of information-matching solutions to optimise fixed income liquidity, has hired Stephen Gallagher as head of its US operation.
Gallagher will be responsible for launching the rapidly growing firm into the US market, helping to transform buyside and sellside firms’ fixed income businesses as they come to terms with the new market structure.
He will be based in Algomi’s New York office, which is due to open on 2 January 2014, and will work closely with Algomi chairman Michael Schmidt and CEO Stu Taylor in taking the firm’s proposition to market.
Algomi allows buyside and sellside firms to centrally organise, process and distribute its liquidity flows, so that trade opportunities are prioritised and pushed to the appropriate salespeople on a per trade basis. This allows firms to service trades in a strategic and coordinated effort, delivering the best balance sheet visibility.
From 2006 to 2011, Gallagher was head of MarketAxess Europe & Asia, where he worked with institutional clients and dealers in established and emerging markets. Previously, he was head of high grade trading at Wachovia Securities (now Wells Fargo) responsible for cash, credit default swaps, private placements, emerging markets and crossover trading.
Prior to joining Wachovia Securities in 2004, he held similar positions with Bank of America Securities, Bear Stearns and Merrill Lynch from 1987 to 2003.
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