Institutional investment network Liquidnet has appointed Patrick Strobel as chief technology officer (CTO), promoting him from his previous position as head of technology in EMEA.
In his new role, Mr Strobel will oversee the company’s overall technology strategy, including product development for Liquidnet’s three business verticals: middle office solutions, data and analytics solutions, and overall systems architecture.
He will also be tasked with aligning the company’s technology offerings, following its recent acquisitions of Prattle and RSRCHXchange earlier this year.
Mr Strobel has been given the CTO role following two years working as Liquidnet’s head of technology in EMEA. Prior to joining Liquidnet, he spent fifteen years leading and working within technology teams at Deutsche Bank and JPMorgan, most recently serving as CTO/domain architect for CB&S Finance and common data sourcing.
In total, Liquidnet’s new chief technology officer has over 20 years of experience providing sophisticated IT solutions to companies, and began his career as a consultant at Valtech.
Throughout his tenure at Deutsche Bank he also held multiple leadership positions including head of application services for P&L/IPV and global head of equity trading analytics. In addition, he served as global development lead for equities programme trading at JPMorgan.
Mr Strobel will be based in London, and will report directly to chief operating officer Rob Laible.
Commenting on the appointment, Mr Laible said: “2019 has been an amazing year of innovation and advancements for Liquidnet’s technology capabilities. We’re excited to have Patrick expand his role with us and take on the mantle of CTO. Patrick will be instrumental in designing and executing our technology vision and goals as we enter 2020.”
In particular, he believed Mr Strobel’s new position would enhance Liquidnet’s ability to meet the evolving needs of members across the industry.
He added: “Our growing institutional member network of buy-side traders, portfolio managers, analysts, and research providers, rely on Liquidnet to deliver world-class trading, analytics, and actionable insights through our technology platforms and solutions, and we’re proud to have Patrick on board as CTO to support their evolving needs.”
Liquidnet is a technology-driven, institutional investment network. Since its founding in 1999, it has grown to include over 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets
