Liquidnet, the global institutional trading network, today announced the appointment of Oliver Hauer as Sales Director, Germany, in its London-based EMEA team.
He will be responsible for further strengthening and developing relationships with Liquidnet's community of asset management firms in the region. He will report directly to Tony Booth, Head of Sales for Liquidnet Europe.
The appointment follows the launch last year of a block trading service on Deutsche Börse's Xetra MidPoint with Liquidnet acting as the first Block Agent.
Mark Pumfrey, Head of EMEA, Liquidnet, said: "We saw our European business grow significantly in 2013 as investors' appetite for equities and their desire to trade with like minded counterparties grew. Building our business in Germany is key to our overall European expansion strategy and the appointment of Oliver will help us to attract more institutional investors based there."
Mr Hauer joins from one of Germany's leading securities trading banks, where he was a director in the Institutional sales trading team. Prior to this he held senior equity sales trading roles in the UK and Germany at institutions.
When comparing 2013 to 2012, in Europe Liquidnet saw a 59% increase in average daily principal traded and a 44% increase in average daily liquidity. Liquidnet's average execution size in Europe is nearly USD $1.3 million, up 28% from 2012 and the company's European footprint continues to grow with an increase of 146% in trading from Continental European institutions in 2013 from the previous year.