01:23 PM
Barnes Named CEO of UBS MTF
The UBS MTF was announced in March and will offer crossing in European stocks as a non-displayed order book pending regulatory approval from the UK Financial Services Authority.
Barnes has been with UBS for more than 16 years, most recently as head of market structures leading initiatives to analyze and advocate for market efficiency on behalf of UBS’ client base. He will continue in this role as he takes on additional responsibilities for the UBS MTF.
In a statement, Francois Gouws, Head of European Equities for UBS Investment Bank, said, “When we established the vision for UBS MTF, Robert was one of its primary architects. He has a wealth of experience in the advocacy of market efficiency on behalf of our clients. With his appointment, we are ensuring that the core philosophies that drove its creation will be woven into the fabric of the UBS MTF’s daily operations.”
Barnes added, “I am delighted to have this opportunity to put our long-held market ideologies of efficiency, fair access, and user choice into practice. My goal is to ensure that UBS MTF will deliver the benefits of innovation and quality liquidity to reduce price impact and counterparty risks for clients who trade European securities.”