NAB Global Markets COO joins MMADX
Mr Go joins MMADX from the National Australia Bank where he was Global Chief Operating Officer, Global Markets, leading the business in Australia, the UK, USA, New Zealand and Asia. During his 25-year career in treasuries and global markets Mr Go has worked all over the world for firms including ABN AMRO, BZW and Barclays Bank.
The opportunity to build a new business uniquely suited to the new post-GFC world was a key driver in his decision to join the firm, Mr Go said.
“MMADX offers a fantastic opportunity to the market given the perfect regulatory environment for a business of this type,” he said. “The chance to help shape and build a business in the new regulatory world of financial markets is very exciting.”
MMADX CEO Sean Nunan said the firm was delighted to welcome Mr Go on board.
“Michael brings a wealth of global experience in both building and managing businesses in the debt and money market space,” he said. “His appointment is a testament to the strength of MMDAX’s proposition and we are very pleased indeed to welcome him to the team.”
Mr Go’s initial focus will be on finalising MMADX’s capital raising.
“The capital raising is proceeding well and the consortium is building in strength,” he said. “We’ve had some great interaction and feedback from the market.”
MMADX will commence trading money market securities and repurchase agreements once it has received and the appropriate licenses, and expects to launch a full-service electronic debt market in Australia in H2 2012.