Friday, 21 October 2016
Last updated 20 min ago
Dec 16 2009 | 9:00am ET
Multi-asset brokerage, execution and clearing firm Newedge has tapped John Fay to lead the firm’s Americas region.
Fay will be based in New York and will focus on expanding and strengthening Newedge’s business lines in the region. Fay, a senior managing director, will report directly to Patrice Blanc, CEO, and Nicolas Breteau, global head of sales and front office.
Formerly, Fay served as co-CEO and co-president of Instinet, helping that firm grow into one of the leading global institutional brokerages of its kind and one of the earliest and most successful electronic communication networks in the world. Fay began his financial services career in 1988, playing a key leadership role in building Morgan Stanley-Dean Witter’s on-line brokerage business. Later, he worked at Goldman Sachs before joining Instinet where he assisted in leading the company’s rapid growth in Europe and Asia, until the company’s sale to Nomura in 2007.
“John’s extensive experience and solid knowledge of the financial services industry will be an asset to Newedge's clients, helping to broaden our global product offering and strengthen our agency model,” said Patrice Blanc. “As a world-leading brokerage, Newedge is now well positioned to continue to grow our business, while delivering superior performance for investors in the highly competitive and dynamic Americas region.”
The Americas region of Newedge currently consists of Newedge USA, LLC, the largest futures broker in the USA based on customer segregated funds, as well as Newedge Canada Inc. Newedge companies in the Americas region principally engage in exchange-traded derivatives, equities and fixed income brokerage, as well as foreign exchange.