News

Algomi to establish Asian business with new hire

Honeycomb networkTechnology firm Algomi has hired Jesper Bruun-Olsen, formerly of Tradeweb, to establish a business in Hong Kong and Singapore. The firm, which provides networks to improve liquidity in the secondary bond market, says it is aiming to expand its Honeycomb network service to the Asia Pacific region this year. Bruun-Olsen worked for Tradeweb for 11 years up to 2012, when he helped expanded the firm's operations in Asia, being based initially in Japan and then later Hong Kong. He then worked as managing director for Oanda, a foreign exchange company. "As the size of the APAC [Asia-Pacific] corporate bond market has continued to grow significantly, we've also seen that there has been more emphasis placed on voice trading versus electronic," says Bruun-Olsen. "Algomi is well placed to help firms operating in APAC, and firms wanting to tap APAC market liquidity in their quest for increased velocity in regional bond markets." Algomi was founded in 2012 by Stu Taylor, Usman Khan and Robert Howes and now employs 90 people in its offices in London and New York. ©2014 funds global asia

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