NEW YORK, Nov. 14, 2016 (GLOBE NEWSWIRE) -- IEX, the Investors Exchange, announced that Sara Furber, previously Managing Director at Morgan Stanley, has joined the company as Head of Listings. In this role, she will lead IEX's effort to launch the first ever buyside-backed listings exchange for U.S. companies, establishing the only listings alternative for corporate clients without the conflicts of rebates, co-location and proprietary data revenue streams.
"From our technology to our pricing, IEX is designed from the ground up to align our interests with those of long-term investors, who make fundamental decisions to buy or sell shares in companies," said Brad Katsuyama, co-founder and CEO of IEX. "Listing on IEX is a differentiating way for companies to demonstrate alignment with their shareholders," he added.
Ms. Furber brings tremendous experience and leadership to IEX with nearly 20 years in financial services across wealth management, investment management and investment banking. Prior to joining IEX, she was a member of Morgan Stanley's Management Committee and responsible for driving digital innovation within Wealth Management. During her tenure at Morgan Stanley, she served in a number of senior executive roles including Chief Operating Officer of Morgan Stanley Wealth Management and Chief Operating Officer of Morgan Stanley Investment Management's long-only business.
Ms. Furber started her career as an investment banker at Merrill Lynch and was Head of Investor Relations for Merrill during the credit crisis in 2007-2008, through its merger with Bank of America. Post-merger, she served as Chief Operating Officer for Global Corporate and Investment Banking at Bank of America Merrill Lynch.
"Sara Furber is a sterling addition to an already talented team of experts at IEX," said Jeff Sonnenfeld, the Senior Associate Dean for Leadership Programs at Yale School of Management and a member of the Investors Exchange Board of Directors. "There are few executives that I know of who combine an engineering, investment banking, asset management, and investor relations background, which makes her a unique fit to work with corporate executives to navigate the new complexities of the stock market and understand how IEX has set out to simplify them for the greater good. Sara's character as a bright, honest, collaborative leader will inspire many business leaders to partner with IEX, the next generation of stock exchanges," he added.
"I am excited to be joining IEX at such an impactful time in its development and in the industry. IEX is unique among today's exchanges and I look forward to being part of a team that is dedicated to prioritizing issuers and investors" said Ms. Furber.
Ms. Furber will report to IEX CEO Brad Katsuyama. IEX is targeting 2017 to establish its listings platform and to debut the initial class of IEX Founding Issuers.
IEX is the Investors Exchange: a fair, simple, and transparent stock exchange that believes every investor is entitled to the same right to trade on equal terms, on every single trade. As the first new U.S. exchange in more than six years, IEX is on a mission to level the playing field by eliminating unfair advantages from the markets.
We are an exchange that believes markets should reward smarter, not faster.
As of September 2nd, 2016, IEX has been fully operational as a national securities exchange trading all U.S. National Market System stocks and ETPs. IEX matches over 100 million shares daily with a notional value of over $5 billion and set a new market share record in October.
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Source:IEX Group(IEX Trading)