In January, it was first announced that we were putting together a new equity exchange, one intended to increase competition, improve operational transparency, simplify execution, and reduce fixed costs. After officially joining the company in February, I’m pleased to let you know that MEMX is making great headway in assembling a team that will help fulfill that mission.
Since we know our biggest asset will always be our people, we made it a priority to find someone who has a track record of cultivating environments in which teams thrive. To that end, we have hired Lindsay Stone Gilliam to be our Chief People Officer. Lindsay has a wide range of human resources experience within capital markets, most recently having served as Senior Vice President, HR Business Partner at Cerberus Capital Management. Having personally worked with her for over three years at Instinet, I’m thrilled to have her be a part of the team we’re building at MEMX. Lindsay will be instrumental in creating an environment where our people feel included, appreciated, challenged, and love coming to work.
Additionally, after an extensive search, I’m pleased that we’ve been able to hire Anders Franzon as our General Counsel. Anders, along with Lindsay, will play a major role in establishing and maintaining our culture of compliance. Anders joins us from Cboe Global Markets (formerly Bats Global Markets), where he has worked since 2008 — most recently, he served as SVP, Deputy General Counsel of the organization, as well as Chief Legal Officer at Cboe U.S. Securities Exchanges. Having helped Bats go from their early days to becoming an important contributor to the equity market industry, we expect his guidance will be invaluable as we grow. To that end, a top priority for MEMX is finalizing and submitting our Form-1 application, and Anders’ experience will be invaluable as we create a framework where, ultimately, the investing public will benefit from our efforts. We are excited to welcome Anders and his family to the East Coast. And though we will work to make their transition smooth, it shouldn’t take long for them to realize they are not in Kansas anymore.
These additions, plus our senior technology team of five, bring our MEMX team to a total of 10 people. Each team member will play a vital role in our growth and evolution, and I’m thankful each one has decided to help us fulfill our mission. For now — in true startup fashion — we’re working out of a temporary office in Jersey City, but we will be moving to a new, permanent HQ in the fall.
With much of our executive team in place, our hiring priority now shifts to building an experienced and high-performance team, one which will be laser-focused on operational excellence and delivering better value to our customers. If you are interested in helping create a world-class stock exchange to the benefit of the investing public, I encourage you to email us at email@example.com. We’re at the start of an exciting and important journey, and we know that creating a great team is a vital part of getting where we want to go.