Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, today announced the recruitment of Jesper Bruun-Olsen as head of Asia-Pacific operations.
The hiring is part of Algomi’s global expansion and Bruun-Olsen joins the firm with immediate effect. He will be responsible for establishing Algomi’s APAC presence in Singapore and Hong Kong in 2015, expanding the Algomi Honeycomb network to facilitate APAC bond market liquidity.
Previously, Bruun-Olsen spent 11 years at Tradeweb (2001-2012), most recently as the managing director of Asia-Pacific. When he first joined the firm, he was a part of the early team that established Tradeweb in Europe. In 2004 he was appointed to head up the company’s expansion into APAC, initially based in Japan and later Hong Kong. After Tradeweb, Bruun-Olsen held the position of managing director at OANDA for that region.
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Before joining Tradeweb, Bruun-Olsen was responsible for fixed income sales to international institutional investors at Nordea’s offices in Copenhagen and Tokyo. Prior to that, he held various positions trading and selling fixed income securities.
“Jesper’s experience of fixed income markets will be crucial when it comes to building out our business across the APAC region,” said Stu Taylor, CEO of Algomi. “APAC is a strategically important, diverse and exciting marketplace, and it is crucial to have an experienced individual on board, with practical expertise of operating across multiple jurisdictions as we move into the next chapter of our global growth.”
“Algomi’s trajectory has been very exciting to watch,” added Jesper Bruun-Olsen, head of Asia-Pacific at Algomi. “As the size of the APAC corporate bond market has continued to grow significantly, we’ve also seen that there has been more emphasis placed on voice trading versus electronic. Algomi is well placed to help firms operating in APAC, and firms wanting to tap APAC market liquidity in their quest for increased velocity in regional bond markets.”
Bruun-Olsen holds a degree in commerce and finance from Copenhagen Business School, and also participates in the European Commission sponsored Executive Training Programme (ETP) focused on conducting business in Japan.