Neptune Networks, the fixed income pre-trade market utility, recently announced that the company has selected John Robinson as its permanent Chief Executive Officer (CEO). The newly appointed CEO has been a part of Neptune as a Senior Consultant since November 2020.
In an official announcement shared with Finance Magnates, Neptune mentioned that the company has been under the leadership of Interim CEO, Byron Cooper-Fogarty since January 2020. Neptune added that Cooper-Fogarty is remaining with the company and will form part of the Management Team as COO.
Robinson previously worked with Morgan Stanley, one of the world’s largest investment banks, for nearly 34 years. Between 1985 and 2019, Robinson covered different roles at Morgan Stanley including Global Head of Emerging Markets Sales and Head of European Credit Sales.
“I’m thrilled to lead the Neptune team and build on the existing strong foundation through collaboration with my extensive global network. I will work to accelerate the firm’s effort in becoming a key element in the trading ecosystem for Fixed Income. We’ll achieve this by continuing to be the provider of the highest quality pre-trade data, accessible through multiple points of connectivity,” Robinson commented on the latest appointment.
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Fixed Income Market
The fixed income market has grown substantially in the last few years amid a jump in demand. Neptune delivers the highest quality bond pre-trade data (axes and inventory) from the sell-side to the buy-side via FIX. According to the company, there are more than 30 banks on the platform.
“The fragmentation in fixed income markets requires innovative approaches by market participants to solve the pre-trade analytics liquidity puzzle. Neptune has been at the forefront of organizing and aggregating large data sets to improve the speed and efficiency of the buy-side fixed income investor. Adding a high caliber talent such as John, who has a unique understanding of both buy-side and sell-side workflows, will enhance the collaborative partnership Neptune has with their clients,” Dwayne Middleton, Global Head of Fixed Income Trading at T. Rowe Price, commented on the recent joining of Robinson.
Jim Switzer, Head of Fixed Income Trading at AllianceBernstein, said: “We have been and remain strong supporters of Neptune and the value the utility model brings to Fixed Income markets. Hiring a person of John’s experience and track record will bring real dynamism to the firm.”