Neonet appoints new chairman, board member
Stockholm based execution services provider Neonet has appointed Peter Melbi as its new chairman, and added Stellan Abrahamsson to its board.
Melbi recently held the role of CEO at Erik Penser Bankaktiebolag.
Abrahamsson comes from the regulatory side of the industry, and recently held the role of Group supervisor at Finansinspektionen, the Swedish Financial Supervisory Authority.
Fredrik Näslund, partner at NC Advisory AB, which is adviser to Nordic Capital Fund VII, the owner of Neonet, said: “Peter Melbi’s extensive experience from the financial markets coupled with Stellan Abrahamsson’s insights into the regulatory environment will be crucial to help guide the evolution of Neonet in these exciting times. Neonet now has the strength to seize the opportunities in the market.”
Among the opportunities spotted by Melbi include the European regulatory landscape, which he said is making it “increasingly hard for investors to know how to maneuver this market [sic] and for brokers to sustain a profitable business. I believe that Neonet is in a unique position to help solve this pan-European problem.”
Neonet is focused on execution services, including order routing, trading algorithms, execution management. It does not engage in proprietary trading, which it says could lead to conflicts of interest. Customers are spread across 20 countries currently.