BNY has appointed Aviad Axelrod as head of fixed income and equity (FIEQ) product for the EMEA region.
The appointment continues BNY’s expansion of its global markets trading business, which saw increased activity in 2024. In the first three quarters of the year, income from ‘other trading revenue’ reached USD 225 million at the bank – up 22% year-on-year.
Accordingly, last October the company launched an EU trading desk in Dublin to provide integrated execution services to EU-based FIEQ clients.
At the time, global head of markets Adam Vos noted: “Expanding into the EU is a direct response to the growing demand from our EU-based clients for execution services.”
Based in London, Axelrod reports to Bianca Gould, EMEA head of fixed income and equities, and John Goodheart, global head of FIEQ product and head of equities.
Axelrod has more than 20 years of industry experience, and joins BNY following 10 months with Stifel Financial’s algorithmic trading and execution services division.
Prior to this, he spent five years at Virtu Financial’s execution services, business development and market structure division. His career also includes 15 years with ITG, where most latterly he was director of algorithmic trading and smart order routing in the product management team.
©Markets Media Europe 2024
