Velox, UBS Appoint New CEOs and More: Executives on the Move

ICYMI: A round-up of the executives on the move this week

Velox Clearing Recruits Brokerage Veteran Michael Higgins as CEO

Velox Clearing (Velox), a California-based clearing firm, prime broker, and RIA custodian, ‏has onboarded Michael Higgins to head its prime brokerage business. Prior to Velox, Higgins enjoyed a seven-year tenure at LPL Financial, a major player in the US retail financial advice market and one of the nation’s largest independent broker-dealers.

Read about the Velox appointment here.

Conflux Hires Eden Dhaliwal as Global Managing Director

Conflux, the Chinese Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup, has hired Eden Dhaliwal, the former crypto head of venture fund Outlier Ventures, as its new global managing director.

Dhaliwal will help set up Conflux’s Toronto office, scheduled to open in the next two weeks will lead the Beijing-based firm’s efforts to expand its business in North America.

Read more about the Conflux appointment here.

ACY Securities Adds New Chief Market Analyst

ACY Securities has appointed Alistair Schultz as their new Chief Market Analyst, who joins the group with immediate effect.

Schultz, who started his career on the trading floors of New York, has more than 15 years’ experience in the FX and CFD markets and has worked with both retail and institutional clients

Read more about the ACY Securities appointment here.

Equiti Capital Names David Meek as Non-Exec Chairman

Pending FCA approval, David Meek will join Equiti Capital, a provider of forex and contracts for difference (CFD) Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. Meek’s career has been largely in the banking sector, having worked at numerous tier 1 banks, such as JP Morgan and Citigroup, where he collectively spent 18 years.

Read more about the Equiti Capital appointment here.

Tendermint Labs Director Zaki Manian Resigns

Zaki Manian, director of Tendermint Labs, has stepped down from his position, having headed the development of Cosmos blockchain.

Manian’s resignation from the project was fueled by an ongoing very public battle between him and Jae Kwon, the founder and CEO of the blockchain startup.

Read more about the Manian resignation here.

UBS Group Names Ralph Hamers as New CEO

Hamers, who is the current CEO of ING Group, will join the Switzerland-headquartered bank as a member of the Group Executive Board on September 1, 2020.

Hamers first joined ING Group back in 1991. Over the past 29 years, he has held a number of roles within before becoming the CEO in 2013.

Read more about the UBS Group appointment here.