Swapstream has announced that it has hired Stephane Rio as Chief Executive Officer.
Before joining Swapstream, Rio spent five years at Commerzbank serving in the position of Head of IRS Trading. He also worked for Commerz Financial Products and Credit Lyonnais.
“This is an exciting period for Swapstream and, indeed, the IRS industry. We are delighted that someone of Stephane’s calibre has joined Swapstream at this important juncture,” said Andre Keijsers, director of Swapstream. “The IRS market is clearly shifting towards electronic trading and with Stephane’s extensive experience we are confident that Swapstream will continue to build on its growing client base.”
“I am thrilled to be joining Swapstream,” Rio said. “The platform has already proven that by applying a multilateral approach to the IRS trading model rather than a single broker model, significant liquidity can be gained, meaning tighter and more competitive spreads. This success has been underpinned by Swapstream offering the best functionality in the industry, closely matching existing market practices. I look forward to continuing the Swapstream vision of providing superior liquidity and functionality, bringing the company to the forefront of the industry.”