The London Stock Exchange has tapped UBS veteran Robert Barnes as chief executive of its pan-European MTF, Turquoise.
Taking on his new role in the next few weeks, subject to FCA approval, Barnes will replace Natan Tiefenbrun, who is leaving the platform after less than a year in the job.
Barnes previously held the role of CEO at the UBS MTF and was also managing director of equities at the Swiss bank. He is a former chairman of the Securities Trading Committee of the London Investment Banking Association.
David Lester, chairman, Turquoise Holdings, says: "Robert is a highly regarded senior executive, with extensive industry and market experience and expertise. His skills and knowledge will be of immense value to Turquoise and to the wider Group."
Since taking control of Turquoise in 2010, the LSE has repeatedly chopped and changed the MTF's management. First it kicked out Eli Lederman, who later took the group to an employment tribunal. LSE veteran Lester then took over before handing the role to Adrian Farnham but he soon quit for LME Clear, paving the way for the now departed Tiefenbrun.