Vela has appointed Peggy Sullivan as chief of staff.
Based in New York and reporting to CEO Jennifer Nayar, Sullivan’s key responsibilities will include establishing strong strategic partnerships, advising on market structure challenges and developments, building trusted relationships with key accounts and identifying opportunities to improve service delivery.
In addition, Sullivan will collaborate with the wider executive team on strategy and product innovation, while also representing Vela across a number of industry groups and trade associations.
Sullivan has served as a consultant at the company since October last year.
Prior to Vela, Sullivan spent much of her career at the New York Stock Exchange and held leadership positions working with the National Market System.
She also served as the administrator to the Consolidated Tape Association and the head of market data administration for NYSE, Arca, MKT, markets real-time products.
In addition, she held several other positions in trading and technology at Credit Suisse, Dow Jones Telerate, and Merrill Lynch.
Nayar commented: “We are delighted that Peggy Sullivan has accepted this opportunity to be part of Vela. Sullivan is a widely-recognised and well-respected professional in our industry.”
She added: “She brings valuable insights as a problem solver and thought leader and her extensive knowledge and expertise in partnership management and market structure will be pivotal as we continue to build momentum on our strategic growth objectives. We are excited to have Sullivan as an official permanent member of the executive team.”
Commenting on her new role, Sullivan said: “Having seen how forward-thinking, innovative, and client-focused the Vela team are over the past nine months, I am delighted to be formalising my position as chief of staff.”
She commented: “I look forward to continuing working towards building stronger relationships with clients, partners, and market associations and contributing to the company’s strategic plans.”
