Liquidnet poaches Wells Fargo’s Garrett as US technology head
Garrett will be based in New York
Buy-side block trading venue Liquidnet has appointed former Wells Fargo Securities equity trading boss Bob Garrett as its new head of technology, based in New York.
Garrett has 23 years of experience in technology. At Wells Fargo, he was head of equity trading and prime services technology. Before that, he was chief technology officer at Merlin Securities, which was acquired by Wells Fargo. Prior to Merlin, he was global head of execution services technology at Deutsche Bank, where he worked on the global build out of the bank’s electronic equities trading platform. He has also held roles at Bank of America Securities, Sapient and AT&T.
In his new role at Liquidnet, Garrett will report to the firm’s chief operating officer John Kelly, and will be responsible for establishing the technical direction of the company and building products and services.
Liquidnet is perhaps the best-known ‘dark pool’, a type of trading venue where orders are matched anonymously to reduce market impact and allow long term investors to trade in larger sizes. Liqudinet was established in 2001 by founder Seth Merrin, and operates in North America, Europe and Asia.
