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UBS Names Robert Barnes CEO of UBS MTF
UBS Investment Bank today appointed Dr. Robert Barnes as Chief Executive Officer (CEO) of the firms new Multilateral Trading Facility, UBS MTF*. Announced in March 2010, UBS MTF will be a non-displayed order-book for crossing orders in European stocks.
Dr. Barnes has been with UBS Investment Bank for over 16 years. He has served as Head of Market Structures for the past five years, leading initiatives to analyze and advocate for market efficiency on behalf of UBS Investment Bank's diverse client base. Dr. Barnes is a member of user advisory groups for a number of stock exchanges and pro-competitive initiatives world-wide, and sits on several securities trading and regulatory committees across the UK and Europe. He will continue to serve in his current role for UBS Investment Bank.
Francois Gouws, Head of European Equities for UBS Investment Bank, said: When we established the vision for UBS MTF, Robert was one of its primary architects. He has a wealth of experience in the advocacy of market efficiency on behalf of our clients. With his appointment, we are ensuring that the core philosophies that drove its creation will be woven into the fabric of the UBS MTF's daily operations.
Dr. Barnes said: I am delighted to have this opportunity to put our long-held market ideologies of efficiency, fair access, and user choice into practice. My goal is to ensure that UBS MTF will deliver the benefits of innovation and quality liquidity to reduce price impact and counterparty risks for clients who trade European securities.
* Currently seeking regulatory approval from the UK Financial Services Authority
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