Farnham quits Turquoise for LME Clear

Source: Turquoise

Turquoise today announces that Natan Tiefenbrun has been appointed as its new Chief Executive Officer. This follows confirmation that Adrian Farnham will be stepping down from the role as CEO of Turquoise to pursue opportunities outside of London Stock Exchange Group.

Natan Tiefenbrun has previously held a number of senior positions within Turquoise and within the wider London Stock Exchange Group. He brings to the role, as CEO of Turquoise, a strong track record of innovation, a detailed understanding of the marketplace and an extensive network of contacts.

Commenting on the appointment, David Lester, Turquoise Chairman said:

"Natan has an in depth understanding of capital markets and has been instrumental in Turquoise's growth to date. I am very pleased that he has accepted the role of CEO of Turquoise as we look to continue to offer customers choice and flexibility in pan European equities and derivatives trading. I would like to thank Adrian for his contribution to the business since it was founded and to wish him well as he leaves to pursue new opportunities".

The London Metal Exchange (LME) has appointed Adrian Farnham as the chief operating officer for LME Clear.

Mr Farnham joined Turquoise Global Holdings Ltd (LESG) in 2007 as chief operating officer and became chief executive officer in 2010. He was instrumental in the market launch of Turquoise, working with Cinnober Technology on the initial implementation of the platform. In 2011 he led the platform expansion into derivatives. Prior to Turquoise, Mr Farnham worked as an executive director of operations at Morgan Stanley for 13 years.

"Adrian is a fantastic addition to the executive team at LME Clear," said Trevor Spanner, managing director of post-trade services at the LME. "His range and depth of experience in the exchange and clearing field, and proven track record of implementing complex initiatives will enable us to deliver a robust and efficient clearing platform."

Mr Farnham will take up his role at the LME in early 2013.

The LME announced last week the appointment of Chris Jones as chief risk officer for LME Clear, who will also be joining the team early in the new year.

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