Olivetree Securities, the UK based equities broker, has appointed Steve Wood as a non-executive director to its board.
Wood (pictured) will advise on the development of the company’s strategic direction, goals and objectives, as well as in scrutinising and challenging the company’s management, systems and controls, and risk management processes.
He will represent the company within both the buy and sell side communities.
Until very recently, Wood was global head of trading at Schroders Investment Management, which he joined in 2002 from JP Morgan. In addition to his responsibilities at Schroders he was chairman of the Investment Managers Association Trading Committee, chairman of the NYSE/Euronext European Institutional Advisory Committee and a member and the European representative of the NYSE/Euronext Institutional Advisory Committee in New York.
Prior to joining Schroders Wood worked for JP Morgan for 28 years. In his last role he was head of trading in London and Asian, trading out of Tokyo.
Daryn Kutner, Olivetree’s chief executive and founder, says: “We are delighted to have Steve join the Board at this important time for the firm. His extensive experience on both buy and sell sides over the last four decades will prove invaluable as we build on Olivetree’s first 12 months. Steve has been a central figure for the buy side over the last ten years and he has contributed greatly to developments in European market structure. His advice will be central to developing the strategic direction of Olivetree and he will also be available to our clients to offer his insights on European market structure and the impact of related regulatory changes. We are very pleased that Steve has recognized the potential of Olivetree’s unique business model.”
Wood adds: “I am extremely excited to join Olivetree as a non-executive director. Olivetree has displayed impressive growth in its first year, showing all the energy and dynamism of a company in its formative years together with a unique business model that I believe is well aligned to a changing market.“
