Olivetree Financial Group Limited ("Olivetree"), an equity brokerage and technology firm, today announces the appointment of David Bell as CEO of its US subsidiary, Olivetree USA, LLC. He will report into Daryn Kutner, Chairman and CEO of Olivetree Financial Group.
David will be responsible for spearheading Olivetree's continued growth in the US with a particular focus on Olivetree Solutions' OTAS platform to US-based buy-side institutions, including asset managers and hedge funds. OTAS is a unique suite of content and tools that provides traders and portfolio managers with unparalleled insight into the risks and signals relevant to them.
David joins Olivetree from Redburn Partners where he was CEO of its US business and a member of its Management Committee. Before that he spent 12 years at UBS Investment Bank where he was a Managing Director. He started his career at SG Warburg in London. He has been involved in a number of technology companies and is currently a non-executive board member of Empathica, a leading global provider of Customer Experience Management (CEM) software.
Olivetree was launched in 2009, and grew rapidly into a leading international equities intermediary brokerage. The following year the firm established its US business, which over a short period of time has developed partnerships with a focused list of institutional clients.
In 2011, it formed Olivetree Solutions to provide independent quant analytics and consultancy services to traders and portfolio managers to help manage trading risk, reduce transaction costs and enhance portfolio construction.
Daryn Kutner, Chairman and CEO of Olivetree Financial Group said: "David joins Olivetree at an exciting time. He has a unique perspective, one that combines a deep understanding of financial markets with a strong appreciation of the importance of technology. Under David's leadership Olivetree is well placed to support its US clients through the structural changes that are rapidly reshaping the industry.
"The US market is core to our strategy as investors are receptive to non-traditional, differentiated business models."
David Bell added: "I am thrilled to be leading Olivetree's continued expansion into the US to the US market. Olivetree is perfectly positioned to leverage the rapidly changing dynamics of this industry. As the market leader in pre trade intelligence, Olivetree is relied upon by institutional investors to deliver better performance, risk management and cost reduction through the use of OTAS, its proprietary technology. With the US buy side facing unprecedented challenges, I am delighted to be part of an organisation that is at the forefront of helping institutions overcome these."