Chi-X Australia Secures Former Deutsche Bank Veteran Vic Jokovic as its CEO

Chi-X Australia Pty Ltd. has secured its latest hire, tapping the investment banking space for a new Chief Executive Officer. Vic Jokovic is slated to join the group as its CEO, effective January 2018. He will step into the new senior role after a career spanning nearly three decades.

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Mr. Jokovic was once formally pegged as a potential fit for CEO of Deutsche Bank Australia, but instead he ultimately retiring from the lender earlier in February of this year. However, after nearly five months, he finds himself facing a new role as the CEO of Chi-X Australia, a subsidiary of alternative trading venue operator Chi-X APAC.

The selection of Mr. Jokovic follows a lengthy search for a new CEO, not only in Australia but globally too. “Vic is a high performing and inspirational capital markets executive, with more than 30 years of experience across equity, derivative and debt markets. He is a proven leader with the skills, depth of knowledge and personal attributes to lead Chi-X through the next phase of growth,” explained Chi-X Chairman David Morgan.

Mr. Jokovic lands at Chi-X Australia after a lengthy tenure at Deutsche Bank that saw him spend over twenty-five years with the lender. During his time with the bank, he serves as a vital cog in its operations, sculpting it into one of the leading Global Markets operations in the country. Most recently he worked as its Managing Director and Co-Head of Global Markets for New Zealand and Australia.

Additionally, he also held other senior roles including stints as its Head of Debt & Equity Sales, Institutional Client Group (ICG), and Head of Cash Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term & Derivatives. Apart from Deutsche bank, he was also a member of the Bank Executive Committee and a number of global and regional executive committees over a lengthy period.

Mr. Jokovic commented on the move: “I am delighted to be joining Chi-X as it plays an increasingly important role in the development and growth of Australian capital and investment markets. By bringing competition and innovation to the Australian financial landscape, Chi-X has delivered substantial benefits to investors and traders in Australian equities. I look forward to leading the team at Chi-X as we build on our position as an integral and innovative marketplace.”