Peer-to-peer price discovery and liquidity sourcing firm, Appital, has appointed former HSBC high touch sales trader John Coules to its business development team.
Appital intends to leverage Coules’ 30 years’ worth of experience in client-facing sales trading, equities and building relationships with institutional investors to deepen buy-side relationships predominantly in the UK and Europe. Coules served as pan-European equities sales trader at HSBC for the last 17 years and at Lehman Brothers for 13 years before that.
On his new appointment, Coules said: “Having worked in sales trading for more than three decades I have seen first-hand how the industry has changed. Today, more than ever, access to hard-to-find liquidity in a market for size, without the risk of information leakage, is a significant challenge. Appital’s peer-to-peer price discovery and liquidity-sourcing technology is truly unique and redefines how buy-side firms engage to unlock latent liquidity.”
Coules joins Appital at a time when the business is experiencing significant growth, reaching $4 billion of buy side liquidity since the launch of Appital Insights in September 2023.
Brian Guckian, chief business development officer, Appital, said: “ Since we launched Appital Insights in Q4 2023, Appital has gone from strength to strength. More than 40 asset managers with more than $15 trillion assets under management (AUM) are now signed up, with more than 60 in the onboarding stage, managing an additional $30 trillion AUM. John’s experience will be invaluable as we continue our global expansion.”
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