Liquidnet, the institutional equities marketplace, today announced that Andrew Geissler has joined the company as part of the Equity Capital Markets (ECM) & Issuer Services business and will report directly to Steve Greenblatt, Head of Issuer Services and ECM.
"Liquidnet's institutional marketplace, where the world's largest investors already buy and sell large blocks of stock safely and efficiently, is now open for corporate business. We have found that corporate treasurers, CFOs and Investor Relations Officers are very aware and very concerned about the quality of the liquidity in the markets today where the majority of the volume is created by market speculators who care very little about company fundamentals," said Greenblatt. "When corporations buy back or offer stock, they have the same fiduciary obligation to do it at the best price for their shareholders. Andrew's contacts, experience and knowledge of the ECM space will be very helpful in helping us build our market share in this area."
Chief among Andrew's responsibilities will be building and strengthening relationships with the issuer community so that they can access the capital they need to support their businesses.
"Liquidnet has created the first real innovation in the Equity Capital Markets space since I have been in the business. Liquidnet is also ranked as both the best broker in North America and the best broker in the world by Bloomberg News and now I can offer that to my corporate relationships. For me to be able to deliver a product that is so clearly differentiating in this space is a tremendous opportunity," said Geissler.
Liquidnet's ECM and Issuer Services Business is focused on delivering greater transparency to corporate issuers to better inform them and offer better control of optimal timing, structure and strategy for equity offerings or repurchases. Liquidnet's unique approach to this business includes:
* Liquidnet's Institutional Marketplace, a safe and efficient venue to execute large block equity trades to minimize market impact.
* Liquidnet's Infrared™ desktop application, which filters out the noise of traders and non-investors and provides issuers with insight into institutional sentiment and how their stock is tradingragrading through a view of aggregated investor sentiment not available anywhere else.
* A research offering that includes the company's marquee event, The Leading Indicators Conference, which brings together leading company executives, academics and industry experts to discuss macro-economic issues from distinct micro vantage points and focus on those industries that can help shed light on changing economic conditions.
Geissler joins Liquidnet from Knight Capital Group where he was a Managing Director with responsibility for the origination and execution of ECM transactions including At-the-Market (ATM) primary offerings, share repurchase programs, restricted stock transactions and the sale of concentrated equity positions for corporations, insiders and private equity investors. Prior to that, he was a Managing Director with Citigroup in Equity Capital Markets and a Vice President in PaineWebber Inc.'s Equity Capital Markets and Investment Banking divisions.