Turquoise names Peter Gibbs non-executive chairman

Turquoise names Peter Gibbs non-executive chairman

Turquoise, the bank-backed equities trading facility, has appointed Peter Gibbs as non-executive chairman of its board of directors.

Gibbs, who takes up the position on 1 April, has previously worked for Mercury Asset Management and at Merrill Lynch Investment Management, where he was co-head of equities and CIO for international business.

He is currently chairman of trustees of the Merrill Lynch pension fund, and a non-executive director of Evolution Group and Aim listed asset management boutique Impax Group.

Commenting on the appointment, Eli Lederman, chief executive, Turquoise says Gibbs' "distinguished career on the buy side adds balance to our board and an important perspective to our developing business".

Gibbs is the latest in a number of appointments made by Turquoise as it gears up to launch its European trading facility in September.

Last month Ian Werner - a former compliance and investigations manager at the London Stock Exchange (LSE) - joined Turquoise's senior management team, while in December Adrian Farnham and Duncan Higgins were appointed chief operating officer (COO) and head of client relationship management respectively.

The Turquoise platform is being set up by a group of investment banks to take advantage of the EU's Markets in Financial Instruments Directive (MiFID) and compete head-to-head with domestic stock exchanges in Europe.

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