Ewing a NED for NEX
May 16, 2017

Financial technology company NEX Group has named Anna Ewing as a non-executive director. She has also been appointed to the risk committee.

Ewing most recently worked for Nasdaq which she joined in 2000 and spent 15 years with the company.

She held several senior executive roles including Chief Information Officer where she was responsible for strategic planning, delivery and operational support for all Nasdaq technology systems and infrastructure. She also established the Global Technology Solutions division, a business unit providing market technology and corporate intelligence solutions to the capital markets.

Before Nasdaq, Ewing worked for CIBC World Markets and also spent 15 years at Merrill Lynch in a variety of technology and operations leadership roles.

NEX separately announced audited results for the year ended March 31. These show revenue rise robustly to £543 million from £460 million a year earlier, but trading profit before tax only inch ahead to £114 million from £110 million. The pro forma summary shows profit before tax (statutory) was £120 million compared with £27 million (we have asked NEX to clarify what this is and why it is so far ahead of the previous year's figure).

Michael Spencer, Group Chief Executive Officer, said: "The sale of ICAP Global Broking for £1.3 billion to TP ICAP plc delivered exceptional value to NEX shareholders. NEX is a well established financial technology company which, thanks to our continued investment in the development of financial technology and our focus on putting our clients' needs at the heart of our business, has an unprecedented opportunity to become the world's leading multi-product, global electronic transaction network for OTCm(over-the-counter) products and post-trade services.

"Our performance remains strong in a tough market environment. NEX Markets has focused on expanding its product suite to a wider client base and continues to win market share in US Treasury actives, EU Repo and Asian NDFs (non-deliverable forwards).

"NEX Optimisation continues to innovate, delivering market leading services across the transaction lifecycle that help clients solve their financial, regulatory and operational challenges. Through NEX Opportunities, our financial technology investment business, we acquired ENSO, which provides alpha-generating analytics to many of the world's most successful fund managers, and Abide Financial, which provides regulatory reporting services that are becoming increasingly required by financial institutions as we head towards MiFID II (markets in financial instruments directive II)."





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Financial technology company NEX Group has named Anna Ewing as a non-executive director. She has also been appointed to the risk committee.

Ewing most recently worked for Nasdaq which she joined in 2000 and spent 15 years with the company.

She held several senior executive roles including Chief Information Officer where she was responsible for strategic planning, delivery and operational support for all Nasdaq technology systems and infrastructure. She also established the Global Technology Solutions division, a business unit providing market technology and corporate intelligence solutions to the capital markets.

Before Nasdaq, Ewing worked for CIBC World Markets and also spent 15 years at Merrill Lynch in a variety of technology and operations leadership roles.

NEX separately announced audited results for the year ended March 31. These show revenue rise robustly to £543 million from £460 million a year earlier, but trading profit before tax only inch ahead to £114 million from £110 million. The pro forma summary shows profit before tax (statutory) was £120 million compared with £27 million (we have asked NEX to clarify what this is and why it is so far ahead of the previous year's figure).

Michael Spencer, Group Chief Executive Officer, said: "The sale of ICAP Global Broking for £1.3 billion to TP ICAP plc delivered exceptional value to NEX shareholders. NEX is a well established financial technology company which, thanks to our continued investment in the development of financial technology and our focus on putting our clients' needs at the heart of our business, has an unprecedented opportunity to become the world's leading multi-product, global electronic transaction network for OTCm(over-the-counter) products and post-trade services.

"Our performance remains strong in a tough market environment. NEX Markets has focused on expanding its product suite to a wider client base and continues to win market share in US Treasury actives, EU Repo and Asian NDFs (non-deliverable forwards).

"NEX Optimisation continues to innovate, delivering market leading services across the transaction lifecycle that help clients solve their financial, regulatory and operational challenges. Through NEX Opportunities, our financial technology investment business, we acquired ENSO, which provides alpha-generating analytics to many of the world's most successful fund managers, and Abide Financial, which provides regulatory reporting services that are becoming increasingly required by financial institutions as we head towards MiFID II (markets in financial instruments directive II)."



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