NEX Optimisation announces that Per Sjöberg, CEO of TriOptima, has decided to step down and will be replaced by Stuart Connolly
06 February 2017
London - NEX Optimisation, a NEX Group business which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that Per Sjöberg, Chief Executive Officer (CEO) of TriOptima, has decided to leave the business to pursue other ventures.
Michael Spencer, CEO of NEX Group plc, said: "We thank Per for all of his contributions since founding TriOptima in 2000. Per saw TriOptima grow from its roots in Stockholm when it was a seed of an idea, to a market leading, global business. I am disappointed that he has decided to step down but he leaves the business in a strong position on which we continue to grow for the future. I am grateful for his contribution to TriOptima’s success and wish him all the best going forward."
Stuart Connolly will replace Per as CEO of TriOptima, subject to approval by Sweden’s Financial Supervisory Authority. Stuart joined NEX Optimisation as Head of Client Product Development in November 2016. Since joining, Stuart has been working on the development of interoperable data services across all NEX Optimisation businesses. Prior to joining NEX, Stuart spent 18 years at Goldman Sachs where he held a number of leadership positions, most recently as Managing Director of the Securities division and Head of EMEA Derivatives Clearing Services.
Jenny Knott, CEO of NEX Optimisation, said: “Per is one of the great innovators in financial services having co-founded TriOptima in 2000. It is with regret that he has decided to leave TriOptima but we respect his decision and are pleased that he will continue to provide advisory services to us. We thank Per for his unparalleled contribution to TriOptima over these past years and to NEX Group as a whole, and wish him every success for the future.
“Stuart Connolly brings great regulatory expertise to his new role as CEO of TriOptima. Stuart has strong knowledge of TriOptima having been a customer for many years while he was at Goldman Sachs and has a proven track record of relationship management skills and strategic thinking. I know that Stuart will successfully take TriOptima to the next level of its growth and I look forward to working with him in his new role.”
PER SJÖBERG - BIOGRAPHY
Per Sjöberg has been Group CEO of TriOptima since May 2012, having served as Executive Vice President of TriOptima since its creation. Per has been responsible for directing the overall strategic development of TriOptima, identifying business opportunities in the evolving financial markets landscape and maintaining a dialog with TriOptima’s broad client base.
Per has 20 years of experience working with technology solutions for OTC derivatives including the design, development and sales of trading and risk management systems for OTC derivatives.
Per holds an MSc in Physical Engineering from the Royal Institute of Technology in Stockholm, as well as a Bachelor’s Degree in finance from the University of Stockholm.
STUART CONNOLLY - BIOGRAPHY
Stuart Connolly joined ICAP, now NEX Group, as Head of Client Product Development in November 2016. In this role, Stuart focused on bringing value to NEX’s customers by unlocking the many data assets within NEX Optimisation to ensure interoperability of all systems.
Prior to this, Stuart spent 18 years at Goldman Sachs where he held a variety of leadership roles, most recently as Managing Director of the Securities division and Head of EMEA Derivatives Clearing Services. In this role, Stuart was responsible for new business and existing client risk management, business optimisation and operational processes.
Stuart has strong expertise in regulatory affairs, having represented Goldman Sachs on the European Regulatory Reform Committee and several industry bodies and Clearing House committees focused on new product launches and risk management techniques. Internally at Goldman Sachs, Stuart was involved in the company’s SEF implementation strategy and chaired committees on market structure change and regulatory reform.
Over the course of his career at Goldman Sachs, Stuart held additional roles in Foreign Exchange, Structured Credit, Derivatives Prime Brokerage and Equity Prime Brokerage.
TriOptima A NEX Group business, TriOptima operates within NEX Optimisation which helps clients simplify complexity and optimise resources. For OTC derivatives, TriOptima’s services focus on lowering costs, eliminating operational and credit risk, improving counterparty exposure management and reducing systemic risk. triReduce reduces swap inventory and counterparty risk; triResolve reconciles OTC derivative portfolios, manages disputes, validates repository data, and automates margin management; triBalance manages cleared and bilateral counterparty risk while triCalculate measures and analyses counterparty risk. For more information, go to trioptima.com
NEX Optimisation Leading the transformation of market structure, NEX Optimisation offers a portfolio of cloud-hosted services across the transaction lifecycle. Ranging from pre-execution credit checking to multilateral portfolio compression, our purpose is to simplify our clients’ workflow and help them optimise their resources. We are an integrated team of financial markets and pioneering financial technology specialists who operate in all asset classes, geographies and business sectors across the financial markets.
We are dedicated to mitigating risk, increasing efficiency, reducing costs and streamlining increasingly complex processes for our clients. We offer the opportunity to optimise both regulatory and financial resources. For more information, visit nex.com