Interactive Brokers Appoints Nicole Yuen as Independent Director

Interactive Brokers Group, Inc. announced earlier today that it has appointed Nicole Yuen as an independent director to its Board of Directors, effective from the 1st of July 2020.

Yuen brings to Interactive Brokers more than 20 years of experience in investment banking. She joins the US-based trading provider from Credit Suisse, where she was most recently the Managing Director, Head of 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 – North Asia and Vice Chairman – Greater China.

Nicole Yuen's career before Interactive Brokers

During the six years she spent at Credit Suisse, Yuen also led the build-out of the Swiss firm's brokerage business in mainland China. Furthermore, she was in charge of the oversight of the bank's equities business in North Asia.

Prior to joining Credit Suisse, Yuen spent 18 years at UBS. Across this time, she held a number of roles. Namely, she was responsible for the oversight of the company's equities business in Hong Kong. She was also in charge of the expansion of the business into mainland China.

Earlier in her career, Yuen practiced law in the United States, United Kingdom, and Hong Kong. In particular, she served as a partner at Clifford Chance and worked for Cleary Gottlieb Steen & Hamilton. Yuen also served on the China Securities Regulatory Commission Listing Committee.

Commenting on the appointment, Thomas Peterffy, Chairman of the Board for Interactive Brokers Group, said in the statement: "Nicole Yuen has deep expertise in building and managing top-ranked securities businesses in Asia and is known for her pioneering efforts in internationalizing China's capital market."

"Asia is an important and growing market for our firm, so we are particularly fortunate to have someone with Nicole's knowledge and experience on our board."

Yuen is a graduate of the University of Hong Kong and Harvard Law School. Throughout her career in investment banking and equity capital markets, Yuen facilitated profile capital market fundraising transactions in the Greater China region.

This includes the first H share, Red chip, and B share listings, as well as landmark government privatizations in Hong Kong, Interactive Brokers said in its statement published today in the United States.