About the Equities Division
The Equities Division monitors and analyses developments in policy and market structure that affect equities markets, engages constructively in shaping market structure and the policy environment, and pursues significant, measurable reductions in the frictional costs of trading. Equities Division initiatives are generated by the members, approved by the board, and carried out by AFME staff working with teams of experts from member firms. The projects take a variety of forms, from informal discussion groups to formal responses to government consultations.
Key Issues and Initiatives
- European policy developments (including the review of equity market transparency, broker crossing networks and post-trade transparency);
- Harmonisation of 'tick sizes' in Europe;
- European post-trade architecture, including interoperability between clearing houses (this work is chiefly undertaken by the AFME Post-Trading Division);
- Market data: quality, cost, and availability; and
- Post-Lehman work, including the UK authorities' work on developing a resolution regime for investment banks.
Organisation
The division's board of directors is composed of the heads of equities at member firms. The board works with the AFME Securities Trading Committee, which is charged with developing and executing the policies of AFME in relation to the equities markets. It comprises business managers in the equity divisions of member firms.
Board of Directors
Mike Stewart, Bank of America Merrill Lynch
Antonin Jullier, Citi
Naseer Al-Khudairi, Credit Suisse
Kerim Derhalli, Deutsche Bank
John Ashdown, Goldman Sachs
Ian Cohen, HSBC
Alan Carruthers, J.P.Morgan Cazenove
Cyrille Walter, Morgan Stanley
Philip Allison, UBS
Securities Trading Committee
Brian Schwieger, Bank of America Merrill Lynch
James Day, Barclays Capital
Philippe Guillot, Cheuvreux
Andrew Wells, Citi
George Andreadis, Credit Suisse
Stephen McGoldrick, Deutsche Bank
Brad Hunt, Goldman Sachs
Ian Cohen, HSBC
Gary Case, J.P.Morgan
Julian Brown, J.P. Morgan Cazenove
Eleanor Jenkins, Morgan Stanley
Andrew Bowley, Nomura
Christopher Basnett, RBS
Stephane Loiseau, Société Générale
Sarah Hay, UBS
Contact
John Serocold, Managing Director
john.serocold@afme.eu
+44 (0)20 7743 9306