Kay Swinburne, the Conservative MEP who has played a central role in scrutinisng Europe’s new trading rulebook, is to take a top advisory role at Michael Spencer’s NEX Group.
Swinburne will chair a new think-tank called NEX Reg being set up by the group’s post-trade services arm, where she will be tasked with providing an “independent voice” on regulatory issues affecting the industry.
A former investment bankers, Swinburne has served as a member of the European Parliament since 2009. She remains a highly influential figure in Europe regulatory response to the financial crisis.
Earlier this week, she warned a room of industry professionals against trying to find loopholes in the revised Markets in Financial Instruments Directive, a vast piece of legislation aimed at making Europe’s trading markets more transparent and secure.
Mifid II, which comes into force in January 2018, has been years in the making and subject to much back and forth between policymakers and the industry. Swinburne was named as one of FN’s 100 most influential women in financial markets in 2015, in part for her work on the reforms.
She has a degree in biochemistry and microbiology; a PhD in medical research from King’s College, London and an MBA from the University of Surrey.
In a statement, Jenny Knott, CEO of NEX Optimisation, said: “Regulation has and will continue to play a critical role in the capital markets ecosystem and the accompanying compliance and technological issues are immense.”
She added: “I’m thrilled that Kay is joining this think tank and believe that her experience and passion for these issues will add significant value.”