NEW YORK, July 30, 2015 /PRNewswire/ — Arxis Capital Group LLC is pleased to announce significant additions to its management team, with three key appointments: Jay Dweck, Partner in New York, Rajesh Darak, Managing Director in Hong Kong, and Jia Jia Zhang, Director in New York.
Jay Dweck has joined Arxis as Chief Technology Officer and Head of Rates and Currency Trading. Jay was previously a Managing Director at Morgan Stanley where he was Head of Strategies & Technology of Institutional Securities. Jay also served as member of the Morgan Stanley Management Committee. Prior to joining Morgan Stanley, Jay was a Partner and Managing Director at Goldman Sachs and head of Core Strategies, and then Equities Strategies for the Global Strategies Group.
Rajesh Darak has joined Arxis as Head of Technology, Asia. Rajesh was previously Managing Director and Asia Head of Equities Technology at Bank of America Merrill Lynch. He was also Managing Director and Asia Head of One Delta Equities Technology at Goldman Sachs.
Jia Jia Zhang has joined as senior quantitative researcher from a similar position at Bank of America Merrill Lynch. Prior to Bank of America Merrill Lynch, Jia Jia was a quantitative trader at Citadel Securities.
Rich Reppeto, an Equity Research Principal specializing in eBrokerage, Execution Venues and eSpeciality Finance Sectors at Sandler O’Neil and Partners commented: “The electronification of the securities industry is a continuing, inescapable trend. I was deeply impressed by the Arxis management team, its technology and its ability to play a play a significant role in providing liquidity electronically to global financial markets.”
Gene Reilly, Chief Executive Officer of Arxis, said: “We are delighted to be have Jay Dweck joining the team. We believe this represents a strong validation of our business model as a global electronic market-making firm. We are committed to building out our team, and expect that Jay will hire additional world class technologists over the coming months.”
Additionally, Tom Joyce, Arxis’s Executive Chairman, said: “These are just the first superb additions of talent we expect to make over the next six months. We will aggressively double the staffing of the firm before year end.”
Arxis is an electronic trading firm specializing in the automated market making of global securities. Its goal is to develop and utilize technological innovations that intelligently analyze data in order to deliver liquidity across all asset classes. It is headquartered in New York, with operations in London and Hong Kong. Arxis Capital was formed in 2014 by senior equities trading executives from Bank of America Merrill Lynch’s Global Market Making Business.
SOURCE Arxis Capital Group LLC