NYSE Technologies has tapped Jon Robson for CEO of NYSE Euronext's IT services arm, according to the global exchange operator which made the announcement today.
The unit had been without a chief executive since the departure of Stanley Young who left for Bloomberg in May.
Robson's appointment was first reported by the Financial Times in August which said that NYSE Euronext was "lining up" Robson, then president of Thomson Reuters Enterprise Division, citing unnamed sources.
Robson will oversee NYSE Technologies the provider of global capital markets connectivity, transaction and data services, and infrastructure services for the financial services community. According to the Financial Times, the unit has focused on technology and connecting customers to trading platforms, which it sees as an area for growth in coming years. The unit has set a target of reaching $1 billion in revenues by 2015, double its current total, wrote the FT.
Based in New York, Robson will report to Dominique Cerutti, president and deputy CEO, NYSE Euronext. Cerutti indicated that the unit would leverage its Global Liquidity Centers to help customers access liquidity more cost efficiently by utilizing a portfolio of hosted, cloud based and managed technology solution spanning data, connectivity, infrastructure and transactions. "Jon will help us further define and execute the next phase of this mission in close partnership with our customers and the financial technology community."
"I'm thrilled to be joining NYSE Technologies at such an important time of transformation change in global capital markets," commented Robson who brings 25 years of experience in the financial information industry to the role.
As president at Thomson Reuters' Enterprise Division, Robson led a business delivering real-time market data, market data platforms, pricing and reference data services, and capital markets solutions. He also has a strong track record of building businesses in Europe, Asia and the Americas and has extensive customer relationships around the world, according to the company in its release. In the 1990s, Robson was founder of Moneyline, the Internet-based real-time financial services company and was CEO of Moneyline Telerate. He also held senior positions with Dow Jones & Company and BIS Banking Systems.
In prepared remarks, Robson said: "The market needs a trusted partner that can bring a comprehensive portfolio of powerful and relevant assets to empower customers to substantially reduce their costs, securely and quickly respond to change, and collaborate with on shared solutions for highly efficient local, regional and global trading." He added , "NYSE Technologies has these assets and will become a true partner to the community with its connectivity and performance scale to transform legacy operational models."