Liquidnet has just acquired a new executive, Balraj Briah, who will lead the recently launched multi-asset services division. The trading desk aims to consolidate the company's operations across various markets and offer clients access to liquidity across different instruments.
Liquidnet Hires Former BTIG Managing Director
Briah brings over twenty-five years of experience built in trading desks of major financial institutions worldwide. Throughout his career, he has worked as a trader for BNY Mellon, Nomura, and Citi, among others, and was associated with BTIG for the past seven years.
In the institutional trading specialist's structure, he held the role of Managing Director, and now he will utilize his experience as a trader and executive in Liquidnet's newly formed Multi Asset Services division.
“I am very pleased to be joining Liquidnet as Head of Multi Asset Services,” Briah commented. “As we see our Members move increasingly towards cross-asset execution, we are responding to this change by providing access to liquidity across multiple products, leveraging Liquidnet's unconflicted agency model and core values of liquidity, transparency, confidentiality, technology and innovation.”
David Cannon also joined the newly established division last month, taking on the role of Head of Multi-Asset Trading. Previously, like Briah, he also worked as a trader, including 16 years for Louis Capital Markets, and before that for Pershing and Hargreaves Lansdown.
Other Liquidnet Executive Moves
In addition to appointing two executives to the newly formed multi-asset division, Liquidnet has recruited professionals in other divisions as well. In July, the company announced the appointment of Jeffrey Crane as Head of International for the Americas. This move strengthens the firm's cross-border trading capabilities, which now cover 57 global equity markets.
“I look forward to working with the team at Liquidnet to enhance our international trading capabilities further and deliver exceptional value to our clients,” commented Crane. “With its global footprint, expertise in block trading, agency model, and a 20+ year track record in delivering innovative trading solutions, we have all the necessary ingredients to offer buy-side traders the ability to trade anywhere in the world.”
At the same time, Tim Cunningham, a former director at Marex, joined the team as the new Managing Director of Outsourced Foreign Exchange Trading and Sales. Cunningham has a significant career background with companies such as Saxo Bank, Societe Generale, and American Express.
In April, Liquidnet hired Alex Grinfeld, a former executive director at Morgan Stanley, to co-lead the futures business in the Americas.
“Alex joins us at an exciting time in our journey, his extensive experience will be integral as we launch new technology and further develop our execution services,” said Mike du Plessis, the Global Head of Listed Derivatives at Liquidnet.
