Wei Xu Joins GMO-Z as Head of Operations

GMO-Z.com Trade UK, the British subsidiary of Japanese retail broker GMO Click Securities, announced on Thursday that it has appointed Wei Xu as its head of operations.

“We are delighted to welcome Wei to our team," said GMO-Z CEO Masahiro Funada.

"Wei's strong operational experience within the institutional space will enable us to firmly establish the foundations of our business and offer a high-quality experience to our new audience.”

Wei joins the London-based broker from Stater Global Markets, a prime of Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term that went out of business earlier this year.

The new GMO-Z executive had been with Stater for close to three years, having joined the firm back in August of 2016 as an operations manager. He spent his last seven months at the company as head of operations.

Not alone

Wei is not the only ex-Stater executive to have moved to GMO-Z. Last month, the broker announced that Ramy Soliman, who had been CEO of the prime of prime broker, had joined the company as chief strategy officer.

Aside from Stater, Wei has also had stints at Integral - where he was a technical account manager - and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term manger Gold-i. At the latter firm, Wei worked as a technical support engineer before becoming head of support.

“I am delighted to be joining an already strong team," said Wei. "GMO-Z has a strong backing from its well-capitalised parent company, and all of the key elements to be a major player in the institutional space.

"The company is looking to implement a best-in-class technology and liquidity offering, and I am looking forward to utilising my experience to help the company grow.”