Brut hires John Palazzo to head institutional business

Alternative trading system Brut has appointed John Palazzo as vice president and head of its institutional business.

  0 Be the first to comment

Brut hires John Palazzo to head institutional business

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Palazzo is charged with spearheading the growth of Brut's institutional business; managing the firm's institutional sales force; developing relationships with the institutional clients of its broker-dealer partner firms; and overseeing the company's Sponsorship Programme.

The programme seeks to unify market participants by enabling institutional investors to trade electronically via Brut, repatriate a portion of the commission dollars to a sponsoring broker-dealer of their choice - and thereby retain the valuable services, such as research, their broker provides, says the company.

Richard Schenkman, CEO, Brut, comments: "John has the perfect balance of expertise with respect to the electronic markets, and the leadership and relationship-building skills that will be critical as we continue to strengthen our institutional offering."

Palazzo joins Brut after 15 months as co-president of Tradescape Technology Holdings. Previously he was co-head of global sales and account management at Instinet.

Sponsored [On-Demand Webinar] Beyond Open Banking – Exploring the Move to Open Finance

Related Company

Keywords

Comments: (0)

[Webinar] The ISO 20022 for CBPR+ deadline is looming: Are financial organisations prepared?Finextra Promoted[On-Demand Webinar] The ISO 20022 for CBPR+ deadline is looming: Are financial organisations prepared?