QB Hires for CEO Role
Posted by Colin Lambert. Last updated: January 31, 2024
Quantitative Brokers, which is majority-owned by Deutsche Börse after a 2020 deal, has tapped Bridgewater Associates for its new CEO to replace Christian Hauff, who stepped down at the end of 2023.
David Kalita joins and will be based in the firm’s New York headquarters – the firm says he will drive QB’s next phase of client-driven development and expansion. Hauff, who was co-founder of the firm, is remaining on the board of directors.
Kalita spent almost 12 years at Bridgewater, five of them in trading, before stepping up to head of FX execution in 2017. He then added futures and equities execution to his remit, before becoming head of product management, trading, in November 2022.
“[QB focuses] on providing research-driven trading solutions that reduce transaction costs, handle complex structures, measure trade execution performance, and boost workflow efficiencies,” says Kalita. “I look forward to working closely with our clients and talented team to roll out new offerings while enhancing the value that we deliver to the market.”
Matt O’Hara, executive chairman of the QB board, adds, “Leading financial institutions turn to us daily for intelligent market execution. Our goal is to always partner with our clients to continuously improve performance, innovate in new markets and unlock new geographies. We are excited about David driving this next chapter of development and growth, and thank Christian for his leadership in cementing QB as the leading brand in algo execution.”
Hauff’s co-founder, Dr Robert Almgrem, will continue in his role as chief scientist.