Exclusive: GLMX reveals several key hires amid major growth
18 June 2020 New York
Image: metamorworks/Shutterstock.com
GLMX, a comprehensive technology solution for repo and securities lending markets, has secured several senior hires as part of a wider reshuffle of responsibility at the top of the firm.
GLMX's CEO, Glenn Havlicek, says a restructure of senior leadership was needed to better reflect the various responsibilities for managing the company and scaling its global capabilities amid rapidly growing demand for its trading technology.
Kyle O’Donnell will join GLMX on 22 June in the newly-created role of chief information officer (CIO).
O’Donnell has experience at both trueEX and Symbiont.io and will report to Havlicek.
As CIO, O’Donnell will be responsible for infrastructure and data security, which for the past four years has been overseen by GLMX’s chief technology officer (CTO), Ilia Mirkin.
Explaining the need to divide the CTO and CIO remits, Havlicek tells SLT that the volume of client onboarding being conducted and the demands on the development side of the engineering team is “skyrocketing” and so it has become necessary to split the roles.
Mirkin will retain oversight of GLMX’s software development and overall architecture.
Meanwhile, Andrew Turvey will join GLMX on 1 July as director of sales for the UK and Europe.
Most recently, Turvey was J.P. Morgan’s head of fixed income financing sales for Europe, the Middle East and Africa, and boasts a nearly 20-year career engaging buy-side clients for the bank.
Today, the platform hosts more than 20 major broker-dealers, Havlicek says, and as a result, reached “critical mass liquidity” just over a year ago.
As a result, GLMX has spent the past year onboarding and building a buy-side pipeline “filled with top five entities within their sectors”, including sovereign wealth funds, asset managers, money market mutual funds, hedge funds and insurers, he adds.
Havlicek says Turvey’s hire reflects GLMX’s ongoing push to engage major buy-side players to maximise the robustness of its liquidity ecosystem.
Havlicek says he is currently unable to name names but hints that GLMX is deep into negotiations with a major money market mutual fund that will be “gigantic” when they go live in the near future.
As of July, Turvey will run point on cultivating these relationships further.
Elsewhere, Phil Buck, currently GLMX’s managing director for UK and Europe, will leave the firm on 30 June after two years in the role but will continue to consult in several key areas through September.
Responsibility for GLMX’s activities in the UK and Europe will be taken over by Andy Wiblin, who will manage this role alongside his existing duties as chief product officer.
Also in London, David Grimsby will transition from operations to client support and integration to support GLMX’s growth in Europe.
Grimsby is one of the original GLMX team from Palo Alto, having joined in 2011.
Finally, Sal Giglio, currently chief operating officer, will expand his responsibilities to manage business development, sales, client support and integration globally.
Havlicek explains that because many of GLMX’s largest clients are international entities means that they would be best served by Giglio having a global remit.
GLMX's CEO, Glenn Havlicek, says a restructure of senior leadership was needed to better reflect the various responsibilities for managing the company and scaling its global capabilities amid rapidly growing demand for its trading technology.
Kyle O’Donnell will join GLMX on 22 June in the newly-created role of chief information officer (CIO).
O’Donnell has experience at both trueEX and Symbiont.io and will report to Havlicek.
As CIO, O’Donnell will be responsible for infrastructure and data security, which for the past four years has been overseen by GLMX’s chief technology officer (CTO), Ilia Mirkin.
Explaining the need to divide the CTO and CIO remits, Havlicek tells SLT that the volume of client onboarding being conducted and the demands on the development side of the engineering team is “skyrocketing” and so it has become necessary to split the roles.
Mirkin will retain oversight of GLMX’s software development and overall architecture.
Meanwhile, Andrew Turvey will join GLMX on 1 July as director of sales for the UK and Europe.
Most recently, Turvey was J.P. Morgan’s head of fixed income financing sales for Europe, the Middle East and Africa, and boasts a nearly 20-year career engaging buy-side clients for the bank.
Today, the platform hosts more than 20 major broker-dealers, Havlicek says, and as a result, reached “critical mass liquidity” just over a year ago.
As a result, GLMX has spent the past year onboarding and building a buy-side pipeline “filled with top five entities within their sectors”, including sovereign wealth funds, asset managers, money market mutual funds, hedge funds and insurers, he adds.
Havlicek says Turvey’s hire reflects GLMX’s ongoing push to engage major buy-side players to maximise the robustness of its liquidity ecosystem.
Havlicek says he is currently unable to name names but hints that GLMX is deep into negotiations with a major money market mutual fund that will be “gigantic” when they go live in the near future.
As of July, Turvey will run point on cultivating these relationships further.
Elsewhere, Phil Buck, currently GLMX’s managing director for UK and Europe, will leave the firm on 30 June after two years in the role but will continue to consult in several key areas through September.
Responsibility for GLMX’s activities in the UK and Europe will be taken over by Andy Wiblin, who will manage this role alongside his existing duties as chief product officer.
Also in London, David Grimsby will transition from operations to client support and integration to support GLMX’s growth in Europe.
Grimsby is one of the original GLMX team from Palo Alto, having joined in 2011.
Finally, Sal Giglio, currently chief operating officer, will expand his responsibilities to manage business development, sales, client support and integration globally.
Havlicek explains that because many of GLMX’s largest clients are international entities means that they would be best served by Giglio having a global remit.
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