Nomura has strengthened its grip on the Chi-X Global business with a top tier reshuffle that sees Tony Mackay moved upstairs to the chairmanship and former Lehman exec John Lowrey appointed as chief executive.
Lowrey, currently managing director of Nomura International, will be based in London. He formerly served as Lehman Brothers' head of electronic trading in Europe, as Knight Securities' head of European sales, and as co-founding partner of Weiss International Management, a global hedge fund based in the US. Lowrey began his career at Goldman Sachs, where he eventually directed the firm's equity trading operation in London.
He becomes the second ex-Lehman man to take on the top spot at a leading European trading exchange in recent months, following the appointment of the defunct firm's former French head Xavier Rolet as successor to Clara Furse at the London Stock Exchange.
News of Lowrey's appointment follows the recent departure of Peter Randall as CEO at Chi-X Europe and his replacement as interim CEO by Mark Howarth.
Speaking about his new role, Lowrey says: "We believe that there are tremendous opportunities for Chi-X globally, both in developing new market centres and in providing technological solutions to other trading venues."