LONDON, Feb 6 (IFR) - Per Sjoberg has stepped down from his
role as CEO for TriOptima - the post-trade derivatives
processing firm owned by NEX Group.
He will be replaced by Stuart Connolly, who joined NEX last
November as head of client product development for NEX
Optimisation - the pre and post-trade unit of the former ICAP.
Connelly previously spent 18 years at Goldman Sachs, most
recently as head of EMEA derivatives clearing services.
The appointment is subject to approval by Sweden's Financial
Sjoberg became CEO of TriOptima in May 2012, having served
as executive vice president since the business was created in
2000 in Sweden. He will continue to provide advisory services to
Through its swaps compression service, triReduce, TriOptima
has led the tear up of US$923trn gross notional in redundant
contracts. Through triResolve, the firm reconciles around 75% of
all non-cleared OTC derivatives globally as well as a large
number of cleared trades.
Connolly's previous role at NEX saw him focus on the
interoperability of all systems within the NEX Optimisation
group. In addition to his clearing role at GS, Connolly also
represented the bank on the European Regulatory Reform Committee
and was involved in the bank's implementation strategy for swap
"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," said Jenny Knott, CEO of NEX Optimisation.
(Reporting by Helen Bartholomew; Editing by Ian Edmondson)