GLMX appoints managing director for Europe
27 July 2018 London
Image: Shutterstock
GLMX Europe Limited (GLMX) has appointed Phil Buck as managing director for Europe.
Based in London, Buck will report directly to GLMX CEO and co-founder, Glenn Havlicek.
Buck brings to GLMX over 20 years of direct experience in repo and securities lending technology solutions.
Prior to joining GLMX, Buck spent 11 years at ION Trading, most recently as CEO of ION repo, securities lending and collateral management.
She has also served as global head of sales as well as CEO, North America for ION trading.
Earlier this year, GLMX completed a $20 million capital raise to coincide with the re-launch of its redesigned technology and to support the build out in Europe.
In May, GLMX was granted registration by the US Securities Exchange Commission and the Financial Industry Regulatory Authority as a registered alternative trading system and broker-dealer.
Commenting on his new role, Buck said: “There are a lot of interesting things happening in global repo markets at the moment from both a regulatory and market structure perspective, and I have no doubt that financial technology is playing an integral role. I’m excited to be joining GLMX to help drive technological innovation in these markets.”
Havlicek said: “Between the steady adoption of streamlined technology services, the rise of Secured Overnight Financing Rate as a global index and the impending arrival of the Securities Financing Transactions Regulation in Europe, repo markets are in the midst of a major shift.”
He added: “We’re thrilled to bring someone of Phil Buck’s seniority, experience and reputation onto the GLMX team to engage our rapidly expanding client base and to help build our brand awareness across Europe.”
Based in London, Buck will report directly to GLMX CEO and co-founder, Glenn Havlicek.
Buck brings to GLMX over 20 years of direct experience in repo and securities lending technology solutions.
Prior to joining GLMX, Buck spent 11 years at ION Trading, most recently as CEO of ION repo, securities lending and collateral management.
She has also served as global head of sales as well as CEO, North America for ION trading.
Earlier this year, GLMX completed a $20 million capital raise to coincide with the re-launch of its redesigned technology and to support the build out in Europe.
In May, GLMX was granted registration by the US Securities Exchange Commission and the Financial Industry Regulatory Authority as a registered alternative trading system and broker-dealer.
Commenting on his new role, Buck said: “There are a lot of interesting things happening in global repo markets at the moment from both a regulatory and market structure perspective, and I have no doubt that financial technology is playing an integral role. I’m excited to be joining GLMX to help drive technological innovation in these markets.”
Havlicek said: “Between the steady adoption of streamlined technology services, the rise of Secured Overnight Financing Rate as a global index and the impending arrival of the Securities Financing Transactions Regulation in Europe, repo markets are in the midst of a major shift.”
He added: “We’re thrilled to bring someone of Phil Buck’s seniority, experience and reputation onto the GLMX team to engage our rapidly expanding client base and to help build our brand awareness across Europe.”
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