XTX Markets Limited has officially announced that Timothy James Osborne Throsby has accepted the role of director within the organization. Throsby brings with him a wealth of experience from various sectors, including finance and education.
Director Roles in Finance and Education
Throsby currently serves as the Managing Partner, President and CRO at Phoenix Merchant Partners, a position he has held since February 2023. Founded in 2022, Phoenix Merchant Partners specializes in providing comprehensive financing solutions to middle-market companies, emphasizing private credit expertise and tailored financial strategies.
In addition to his role at Phoenix Merchant Partners, Throsby serves as a Non-Executive Director for Zen Educate and Light & Wonder, positions he has held since August 2022 and October 2020, respectively.
He also holds the position of Chairman of the Board and Non-Executive Director at Silver Creek Pharmaceuticals since January 2021, and as a Non-Executive Director at Lumos Global since November 2019.
Throsby's previous appointments include a tenure at Barclays where he served as CEO of Barclays Bank Plc and Barclays International, overseeing various sectors such as Corporate Bank, Investment Bank, and others. He also held significant roles at J.P. Morgan as Global Head of Equities and Managing Director.
Moreover, Throsby has contributed to governance roles, serving as Deputy Chair of the Board of Trustees for the Human Dignity Trust and as Governor at ARK Oval Primary Academy.
XTX Markets Reports 92% Revenue Surge amid Pandemic Volatility
Earlier, XTX Markets Limited saw a significant revenue increase, reporting £651.9 million compared to £339.8 million in 2019, as reported by Finance Magnates. This 92% rise was driven by heightened trading demand during volatile market conditions induced by the Covid-19 pandemic lockdowns.
XTX Markets Ltd. restructured by transferring UK staff contracts and intellectual property ownership to XTX Markets Technologies Limited, which itself generated £400 million in revenue. Together, these entities surpassed $1 billion in business for 2020.
