About BATS
Mark Hemsley
Chief Executive Officer
Mark Hemsley joined BATS in April 2008 as chief executive of BATS Europe taking a pioneering role as one of its first employees. Under Mr. Hemsley's leadership, BATS Europe has become a dominant player amongst pan-European trading venues and is recognised as a leader in market structure, technology and innovation.
"Mark's background in - and knowledge of - the Europe market and trading technology gives us a significant leg up in the region," said Joe Ratterman, CEO of BATS Global Markets and BATS Exchange. "From the beginning, Mark enthusiastically embraced the BATS credo to Make Markets Better and his team achieved tremendous results in a short time. We look forward to continued success with Mark’s leadership."
Mr. Hemsley was previously managing director and chief information officer at LIFFE, running its Market Solutions group. At LIFFE from 2001-2004, he won major contracts with top exchanges and transformed the technology organisation to capture greater revenue from its exchange businesses. A LIFFE board member, he was also heavily involved in the sale of LIFFE to Euronext, the predecessor company to NYSE Euronext.
He was a managing director of global technology - serving as chief operating officer and a CIO - during his tenure at Deutsche Bank GCI, the investment bank. With the company, he managed teams of professionals in Frankfurt, London, New York, Singapore, Sydney and Tokyo, while working closely with the firm's trading operations.
His previous positions included time as a vice president at Credit Suisse First Boston, where he was global head of foreign exchange technology, and a stint as CIO at Natwest Capital Markets.
Mr. Hemsley lives in London with his family.
Paul O'Donnell
Chief Operating Officer
Paul O'Donnell is the chief operating officer of BATS Europe, joining with Mark Hemsley as the first employees of BATS Europe in April 2008. With Mr. O’Donnell’s guidance, BATS Europe has set a standard of excellence in pan-European trading technology in both latency and capacity. He has also authored several commentaries on European market structure developments, including an editorial on competitive clearing published by the Financial Times and two influential white papers.
Mr. O'Donnell was previously an executive director at Morgan Stanley, where he spent 14 years in a variety of positions in information technology and institutional equities in both Japan and the U.S.
"Paul's unique background of market structure analysis, trading strategy development, and technology exemplify the BATS employee profile. We are extremely happy to have Paul on our European team," said Joe Ratterman, CEO of BATS Global Markets and BATS Exchange.
At Morgan Stanley, Mr. O'Donnell was most recently responsible for architecture, planning, deployment and operations of algorithmic trading and smart order routing across a variety of asset classes. He was previously in charge of the automation of the firm's cash equity market making desk. Prior to joining Morgan Stanley, he was a software engineer at Softway Pty Ltd in Australia.
Paul is an avid amateur cyclist with interests in wine, food and photography. An Australia native, he and his family are based in London.
Michael Beaver
Head of Finance and Human Resources
Michael Beaver joined BATS Europe in August 2008 as head of finance responsible for all controllership and accounting functions at the firm, including financial planning and reporting.
Most recently Mr. Beaver was vice president and controller at Lehman Brothers in the U.K. where he was responsible for the overall financial control framework of the Mortgage Capital division.
"With Mike’s breadth of expertise in finance, commercial outlook and leadership, BATS Europe is well positioned with solid and flexible financial processes to accommodate our projected growth," said Mark Hemsley, CEO of BATS Europe.
Previously, Mr. Beaver served as interim CFO for London Mortgage Company. When London Mortgage Company was acquired by Lehman Brothers in 2006, Mr. Beaver played an integral role in the transition of key finance functions.
Mr. Beaver's interests include photography, property, travel and languages. A native of Australia, he graduated with distinction from Curtin University of Technology in Perth, Australia, with a bachelor of commerce and is a member of the Institute of Chartered Accountants in Australia.
Clem Marsh
Head of Infrastructure
As head of infrastructure, Clem Marsh brings to BATS Europe more than 17 years of infrastructure strategy, architecture and implementation experience. He joined BATS in August 2008.
"Clem adds to the BATS Europe team a senior infrastructure director with in-depth knowledge of real-time trading and clearing systems, as well as demonstrated leadership and ability to challenge conventional wisdom to find creative solutions," said Mark Hemsley, BATS Europe’s chief executive.
Mr. Marsh's extensive experience includes nine years at Liffe as network specialist and later as head of network development. After the acquisition of Liffe by Euronext, he served four years as director of infrastructure and operations at Euronext.Liffe Market Solutions.
Most recently, Mr. Marsh worked as a consultant for Barclays Wealth in the U.K. where his oversight of a technology stabilisation programme resulted in improved service quality.
Mr. Marsh resides in London and is a proud parent of two. He plays tennis regularly and coaches disadvantaged children. He graduated with honours from Portsmouth Polytechnic with a degree in electrical and electronic engineering.
Anna Westbury
Head of Compliance and Regulatory Affairs
Anna Westbury joined BATS Europe in September 2008 to provide compliance and market supervision oversight with additional responsibility for regulatory policy.
Miss Westbury was most recently a senior policy associate in the Financial Services Authority’s secondary markets policy team in London. Prior to that, she was a supervisory associate at the FSA with responsibility for oversight of equity market infrastructure providers, including the London Stock Exchange.
With the FSA, she led projects dealing with applications for recognised investment exchanges and the markets aspects of applications for multilateral trading facilities. She was also involved in supervisory and policy reviews of far ranging market structure issues, including Sponsored Access, EU-US Mutual Recognition, and major markets elements in the post-MIFID landscape.
"Anna was instrumental in guiding us through discussions with the FSA that resulted in our successfully receiving authorisation for BATS Europe to operate as an MTF," BATS Europe Chief Executive Mark Hemsley said. "As the European trading community undergoes regulatory changes, Anna's background and FSA experience are a key component to ensuring that our regulatory functions meet the highest standards."
Miss Westbury graduated from King's College London with a First Class Honours degree in French and Mathematics. She also spent a year in Paris studying at the Sorbonne.
Alex Dalley
Head of Sales
Alex Dalley leads the BATS Europe sales division and is responsible for client relationship management and development. He joined BATS Europe in August 2008.
Mr. Dalley was previously with London Stock Exchange where he served as head of membership and exchange trading directing Exchange trading sales and member firm acquisition. He also led business development for the LSE buy-side/sell-side FIX hub and spoke service.
"With his experience at the LSE servicing and consulting with clients on all market issues, Alex is a valuable resource for current and future members of the BATS Europe trading community," said Mark Hemsley.
Mr. Dalley enjoys competitive long distance running and recently completed a marathon in just over three and half hours. He is also an avid golfer and a member of the Stock Exchange Golf Society. He graduated with honors from the University of Plymouth with a degree in business studies.
Mike Newell
Head of Business Development
Mike Newell was named head of business development in January 2010 focusing on identifying opportunities in new and existing markets, as well as assessing and implementing new services and functionality. Mr. Newell joined BATS Europe in July 2008 as a sales account manager and was instrumental in establishing key client relationships as well as developing Market On Close, BATS Europe’s innovative after hours trading service.
"As a member of our sales team, Mike developed several key accounts that contributed to BATS Europe's superb performance during the first 18 months after going live. He is the ideal individual to lead BATS Europe's business development initiatives as we aggressively pursue an even greater share of the European markets," said CEO Mark Hemsley.
His previous experience includes time at Goldman Sachs and more recently the London Stock Exchange, where he served as a technical account manager providing consultancy for over 100 accounts and as technical manager of the FIX and Crest gateways. He was also involved in a number of high profile projects including MiFID and the TradElect migration.
Mr. Newell began his career at IBM and holds an IBM Integrated Degree in Computer Science, with first class honors. He has a keen interest in boxing, property investment and algorithmic trading.