Agency broker Olivetree Group has appointed Edward Laux as the new national sales manager for its U.S. business as part of a broader growth effort in America, officials say.
In 2009, Olivetree was founded in London focuses on the execution of global equities transactions, according to the firm, whose core products are brokerage services founded upon the concept of “evidence based finance and upon the analysis of event driven situations.” In addition to New York, the firm has offices in the U.K and Australia.
Laux has more than 35 years of industry experience, and in his new role will concentrate on growing the “Olivetree Group proposition in the U.S. market as traders and portfolio managers look to manage trading risk, reduce transaction costs and enhance portfolio construction,” according to a company statement.
Laux will report to Chris Pilder, CEO of Olivetree USA, officials say. Pilder’s hiring is part of the push into the U.S.
Before joining Olivetree, Laux served as managing director of equity trading at CRT Capital Group for three years, and also worked at Cantor Fitzgerald & Co. and Kidder Peabody, among others, officials say.
“Edward joins us at a time when Olivetree Group is rapidly expanding and increasing its footprint in the U.S. sector,” says Pilder, in a prepared statement. “His expertise and experience will prove invaluable as we further develop our offering and continue to grow our team.”
In a separate effort, Olivetree demerged its FinTech subsidiary, OTAS Technologies, this past March to “further unlock the potential of both businesses,” according to Olivetree officials.
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