XTX Markets, a London-based multi-asset market maker, has promoted Dr Hans Buehler to the position of Co-Chief Executive Officer. Effective from Friday, he will share the apex role with XTX’s Founder, Alex Gerko.

Management Shuffles at XTX Markets

Dr Buehler joined XTX last year in April as Deputy CEO. For the Co-CEO role, he replaced Zar Amrolia, who will now remain a part of XTX Group as a Non-Executive Chairman.

“It’s an honour to take over as Co-CEO from Zar. XTX is in a very strong business position, and I look forward to continuing to work with Alex to further grow the business,” Dr Buehler said.

Dr Buehler is a financial industry expert with more than two decades of experience. Before entering the corporate jungle, he obtained a PhD in Financial Mathematics. Before joining XTX, he worked at JPMorgan Chase for 14 years. There, he held several executive roles and parted with the banking giant as the Global Head of Equities Data Analytics, Automation & Optimisation and also of Equities, Sales, and Securities Services Quantive Research.

Also, he worked at the London offices of the Deutsche Bank for seven years, where he was the Global Head of Equity Derivatives Quantitative Research.

“It’s a pleasure to hand over the reins to Hans. I will give him and Alex my full support as Chairman to help drive XTX to even greater things. I wish him all the best in his new role,” Amrolia stated.

A Growing Company

XTX is known for providing electronic spot FX liquidity, along with seminar services for equities and other asset classes. According to the company, it is one of the largest liquidity providers of Spot FX and European equities and is now focused on building out its client franchises.

Earlier, Finance Magnates reported the financials of the XTX Markets, which shows that the group’s UK entity generated £1.477 billion in revenue in 2021, while its profits jumped 42 percent to £667 million.