Today Turquoise Global Holdings Limited has announced a new board structure.
Current CEO, David Lester is to step up to the role of Chairman and Adrian Farnham, currently COO, has been appointed CEO. Xavier Rolet will be stepping down as Chairman of the company. The changes are being made with immediate effect.
In addition London Stock Exchange Group Head of Equities and Derivatives, Nicolas Bertrand will be joining the Board of Turquoise.
David Lester Chairman of Turquoise and Director of Information Services at London Stock Exchange Group said:
"Turquoise has performed extremely well over the last year, building its market share, reducing costs and re-enforcing the Group's innovative approach to its client partnerships. In March we had our second consecutive record month for total value of trades, almost double the same month last year and our strategy for pan-European derivatives is in place with the merger with EDX expected to complete in May.
"The new management appointments will provide Turquoise with greater scope to drive its business forward and expand its increasingly important role in pan-European equities and derivatives markets.
"On behalf of the board I would like to congratulate Adrian in his new role and welcome Nicolas Bertrand to the board."
Adrian Farnham, CEO of Turquoise said:
"I am delighted to be appointed CEO of Turquoise, and am looking forward to driving the company's ongoing developments in the coming weeks and months.
"Turquoise laid out some ambitious plans this time last year and as a business we have spent the last 12 months making good progress towards achieving those ambitions. The platform is now the fastest trading venue in Europe, it offers competitive pricing, fully risk-managed clearing solutions and in February held the leading market share in UK MTF dark trading. I am looking forward to leading the company towards new targets, creating our new and innovative pan-European derivatives service and developing and building this unique business as part of the LSE Group."
Nicolas Bertrand, Head of equities and derivatives at London Stock Exchange Group said:
"I am thrilled to be joining the board of Turquoise at such an exciting time in the company's development. I look forward to having the opportunity to contribute to the growth of the company and to support the business as it challenges its competitors in the derivatives space."