TriOptima CEO Sjöberg Steps Down

He will be replaced by Stuart Connolly, who joined NEX Optimisation as head of client product development in November last year. He previously spent 18 years at Goldman Sachs in various positions, most recently as the managing director of the securities division and head of EMEA derivatives clearing services.

Before taking over for Sjöberg, Connolly must be approved by Sweden's Financial Supervisory Authority.

NEX Optimisation CEO Jenny Knott said she is confident Connolly will be able to continue TriOptima's growth trajectory.

"Stuart Connolly brings great regulatory expertise to his new role as CEO of TriOptima. Stuart has strong knowledge of TriOptima, having been a customer for many years while he was at Goldman Sachs, and has a proven track record of relationship management skills and strategic thinking," Knott said. "I know that Stuart will successfully take TriOptima to the next level of its growth."

Sjöberg had been CEO of TriOptima since May 2012. Before becoming CEO, he was the executive vice president of the firm, a position he held since TriOptima's creation.

NEX Group—formerly Icap—offers pre- to post-trade services like portfolio compression through NEX Optimisation. TriOptima operates within NEX Optimisation.