Bloomberg News reports that Clark will join August 1 from BlackRock, where he is co-head of equities trading for the Americas.
He had been a vice president at Merrill Lynch Investment Management, joining BlackRock when it acquired the unit in 2006. BlackRock has a stake in Luminex, which aims to open its trading venue late in the third quarter. Once he receives regulatory approval, Clark will become the company’s first permanent CEO.
In the meantime, Bloomberg also reports that two former Goldman Sachs bankers are starting a hedge fund to profit from a void in bank lending.
Jonathan Egol and Robert Allard, who both worked with structured products at Goldman Sachs, will start Firebreak Capital this year to provide loans that banks are largely unable to make because of rules put in place since the 2008 financial crisis, according to a statement released Tuesday.