Nicholas Stephan joins Liquidnet’s fixed income team

Dan Barnes
Nicholas Stephan, global head of fixed income product, Liquidnet.

Market operator Liquidnet, has appointed of Nicholas Stephan as global head of fixed income product, services and dealer relations. The appointment is the latest in a series of hires in EMEA and the Americas that has increased the size and skill set of the fixed income team since Liquidnet’s acquisition by TP ICAP earlier this year.

Based in New York and reporting to Mark Russell, global head of fixed income, Stephan will be responsible for growing the firm’s fixed income offering across primary and secondary markets. Specifically, he will focus on developing new trading protocols, governance, and access to liquidity.

He joins Liquidnet from Fenics DeltaX, an electronic corporate bond trading venue run by TP ICAP’s rival interdealer broker BGC, where he was managing director. Prior to this, he co-founded and headed Phoenix Partners Group, a hybrid voice and electronic boutique broking business with operations in the US and Europe that was acquired by GFI Group in May 2013, itself then acquired by BGC.

Mark Russell said, “Liquidnet Fixed Income is in an exciting phase of growth and development. Building on Liquidnet’s capabilities in primary and secondary markets, Nick’s expertise will help us to enhance our offering and achieve our goal to electronify the full life cycle of a bond.”

Stephan added, “Liquidnet is an established brand, valued in the industry for its depth of connectivity and state-of-the-art technology. Coming from an entrepreneurial background, I’m thrilled to join a business with a clear vision that is poised for exponential growth.”

His appointment follows the launch of Liquidnet Primary Markets in September 2021, phase one of a new offering designed to electronify the debt capital markets (DCM) workflow for new issue announcements and the trading of new issues. Liquidnet Primary Markets is designed to help manage data fragmentation and reflects the firm’s ambition to “be the first to deliver an end-to-end workflow solution for the full life cycle of a bond from issuance to redemption.”

©Markets Media Europe, 2021