23 April 2024
Flow Traders announces that Owain Lloyd will join Flow Traders on 1 May 2024 as Director of Technology and continue as Chief Technology Officer and Executive Director once regulatory and shareholder approval has been obtained.
In his role as Chief Technology Officer (CTO), Owain will be responsible for Flow Traders’ Global Technology function and develop the firm’s infrastructure, connectivity, data and product & software development strategies. As a Board and Executive Committee member, Owain will collaborate closely with Trading and Business Support functions as well as the CEO and CFO to contribute to the delivery of Flow Traders’ strategic growth agenda.
Owain joins Flow Traders from Numeus Research, a digital assets investment management firm, where he has served as CTO and Partner since 2022. Prior to this, he was a Founding Partner at Mercury Trading, a digital assets Market Maker, from 2019 until 2022. Owain also held prominent roles at J.P. Morgan as Chief Business Technologist, Global Head of Electronic Market Making from 2016 to 2019, and at Morgan Stanley as Executive Director and Global Head of Automated Market Making Technology from 2010 to 2016. Additionally, Owain worked at Citadel Investment Group in Options Market Making Technology from 2004 to 2010, and at Credit Suisse First Boston in Fixed Income Research from 2002 to 2004.
The Board of Flow Traders has nominated Owain for election as Executive Director to the Board at the upcoming AGM scheduled to take place on 13 June 2024 at 13:00 CEST. The convening notice, agenda and other documentation relating to the meeting and his proposed election, as well as how to register, will be available in English and published on the Investors section of the company website on 2 May 2024. Owain’s nomination is also subject to regulatory approval.
Rudolf Ferscha, Chairman of the Board, commented:
“On behalf of the Flow Traders Board, I would like to welcome Owain to the leadership of our firm. The evolving digital landscape and emerging technology continue to drive the development of global financial markets. We recognize the pivotal role technology plays at Flow Traders and its contribution to our future growth and success. We are delighted to have Owain join Flow Traders and lead our Technology effort as well as adding his unique perspective and outstanding competencies to our Board. Owain’s highly relevant track record in developing leading financial and market making technology will be extremely valuable to Flow Traders as we continue to accelerate the implementation of our strategic agenda.”
Mike Kuehnel, CEO, added:
"There are monumental shifts happening in financial markets driven by digitalization, data and technological innovation that are poised to transform financial markets further. These trends not only reflect our firm's fundamental strengths but also enable us to leverage our expertise to drive impactful change within our industry. We are therefore delighted that Owain is joining our team and leading our Technology function. His wealth of experience, passion for innovation and developing leading technologies, especially his expertise in market making, will be instrumental in shaping our technology roadmap and strengthening the technological backbone that powers our firm globally. A hugely important driver for our firm is our culture and our people, and with over 40% of our team being part of Technology, we are delighted to have a leader who embodies our entrepreneurial spirit and commitment to fostering collaboration.”