Luminex, the newest buyside-owned dark pool, has announced it has named Jonathan Clark as its new president.
Clarks’ tenure begins August 1. He is expected to assume full executive leadership responsibilities as CEO of Luminex, upon receipt of required regulatory licenses later this year.
Luminex is expected to begin trading late in the third quarter of 2015.
For now, he will report to Michael Cashel, interim-CEO of Luminex.
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Clark, a professional with over 20 years of trading and portfolio management experience, including expertise in risk management, compliance and efficient trade execution, is co-head of equity trading Americas at BlackRock – which is also a stakeholder in Luminex. Prior to his current role, he held various senior portfolio management roles at BlackRock.
Clark joined BlackRock upon the company’s acquisition of Merrill Lynch Investment Management where he was a portfolio manager and derivatives specialist from 1999 to 2006. Prior to joining Merrill Lynch, he co-managed the trading desk at MLC Investments.
Earlier in his career, Clark held various trading roles at Bankers Trust and Salomon Brothers.
Luminex was launched in January 2015 as a new, independent trading venue open to investment managers with a long term focus and with a desire to trade large blocks of stock with other investment managers. It is owned by BNY Mellon, BlackRock, Capital Group, Fidelity Investments, Invesco, J.P. Morgan Asset Management, MFS Investment Management, State Street Global Advisors, and T. Rowe Price.
