Byron Cooper-Fogarty will become CEO Neptune Networks, the fixed income network for disseminating real-time axe data, and on 1 April 2024 with John Robinson will move to the role of executive chairman. Neptune currently reports supporting over 90 buy-side firms managing US$60 trillion in global AUM.
Robinson is currently CEO of Neptune, having joined the firm in November 2020. During his time in the role, he has moved Neptune to a more modern platform by partnering with Genesis Global. He has also used his network to raise the profile of Neptune in the US Credit and EM Credit markets.
Current Neptune COO, Cooper-Fogarty has worked in the fixed income markets for more than 30 years. He has been at Neptune for seven years, and previously held the role of interim CEO in 2020 before John took up the position.
Commenting on these changes, Robinson said, “During my time as CEO, Neptune has become a core part of the fixed income market, continuing to add dealers and buy-side firms to the network. Leading Neptune has been a very rewarding experience, but it is time to move to an executive chairman role and leave the day to day running of the firm in the experienced hands of Byron.”
Cooper-Fogarty said, “John has achieved a great deal while CEO of Neptune and, as Executive Chairman will be central to our future plans, as well as maintaining close contact with our US clients and Board Members. In my role as COO I have worked closely with John on strategy and planning, and as the new CEO I look forward to continuing our impressive growth, and rolling out the new Portfolio Trading Analytics service.”
Speaking exclusively to The DESK, Cooper-Fogarty said, “I’ve worked closely with John over the past few years and held the interim CEO prior to that. Combined with working in fixed income markets for 30 years and the contacts and knowledge I’ve accrued from working with dealers, the buy-side and venues, I’m confident of taking Neptune forward”
“Data has and is becoming increasingly important to fixed income participants. Neptune sees opportunities to help our buy-side clients to integrate that data more deeply into their investment and trading process, particularly in areas such as portfolio trading, which is a key focus for us at the moment. We also see opportunity to tie the data and execution together for the sell-side, where cost pressures continue to bite,” Cooper-Fogarty added.
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