Nii Saka Addo is a Senior Index Equity Portfolio Manager at Vanguard in London. Mr. Addo joined the Global Equity team in London during 2025 from Vanguard’s Malvern office where he managed index equity portfolios and played a key role in advancing the firm’s trading infrastructure, portfolio management capabilities, and governance frameworks. Earlier at Vanguard, he led a multidisciplinary team of engineers and data scientists responsible for enhancing equity indexing technology and investment workflows.
Prior to joining Vanguard in 2021, Nii Saka spent more than 15 years in senior algorithmic trading, electronic trading, and platform engineering leadership roles at Bank of America, Credit Suisse, and JPMorgan.
Nii Saka holds a B.S. in Engineering and a B.A. in Computer Science, both with honors, from Swarthmore College.

Overview
Europe’s equity markets are flashing unmistakable signs of life. While record trading volumes over the past year and the newly live Consolidated Tape have injected a wave of optimism, the region now faces a critical structural inflection point. The EU’s ambitious Saving and Investment Union is aggressively pushing to cultivate a domestic retail equity culture and a more unified Europe to solve Europe’s chronic IPO drought, yet a stark disconnect remains between political ambitions and institutional realities. Exchanges are actively angling for extended hours, but a skeptical buyside fears a 24/5 push will only dilute an already barren intraday liquidity, where volume is concentrated to the 4:30pm closing auction.
Join Bloomberg’s Market Structure on September 3rd to discuss whether Europe’s evolving market structure can successfully convert recent green shoots into true global scale, or if the buyside is simply being dragged into a fragmented, 24-hour market it didn’t ask for.
Agenda
16:00 – 16:30
Registration and Networking16:30 – 16:35
Welcome Remarks
- Nicholas Phillips, Market Structure Research Analyst, Bloomberg Intelligence
16:35 – 17:05
Fireside Chat: The Competitiveness Mandate — Can the Saving and investment Union Boost European Markets?
- Rosa Armesto, Director General, FESE
- Charles Capel, European Equity Capital Markets Editor, Bloomberg News (moderator)
17:05 – 17:35
Panel Discussion: Building a Retail Market — How to develop a European equity culture
As the EU attempts to mobilize household savings into equity capital, this panel explores the market structure shifts needed to scale individual investor participation. Experts will debate how retail access, execution transparency, can create a thriving retail ecosystem.
- Julie Zhou, Director Cboe Europe B.V. ,Cboe Europe
- Jordan Sinclair, President, Robinhood UK & GM, Bitstamp UK
- Anish Puaar, Head of European Equity Market Structure, Optiver
- Scott Lesser, Head of Trading Solutions & Data Analytics, Winterflood Securities, a division of Marex.
- Deniz Besiroglu, Market Structure Research Analyst, Bloomberg Intelligence (moderator)
17:35 – 18:05
Panel Discussion: Longer Hours, Thinner Markets? Will the Buyside be dragged into a 24 hour market?
While exchanges push toward extended hours, institutional desks are grappling with intraday liquidity scarcity and a heavy reliance on the 4:30 PM closing auction. Speakers will debate whether a 24-hour market creates genuine global opportunity and market structures changes needed for it to work effectively.
- Richard Worrell, Director EMEA Electronic Sales, Barclays
- Nii Saka Addo, Senior Index Equity Portfolio Manager, Vanguard
- Vincent Boquillion, Head of Cash Equities, Euronext
- Simon McQuoid-Mason, Head of Trading Venues, LSE
- Nicholas Phillips, Market Structure Research Analyst, Bloomberg Intelligence (moderator)
18:05 – 18:35
Panel Discussion: Research & IPOs: Can European Markets Revive?
With regulatory reforms permitting a return to bundled research via CSA-style accounts, can Europe solve its small-cap coverage crisis? This panel assesses whether new research economics can successfully reignite market visibility and reverse the region’s IPO drought.
- Brian Hanratty, Head of ECM, Peel Hunt
- Nick Fowler, Managing Director, Co-Head of European Equity Advisory, Lazard, Inc.
- Fahed Kunwar, Global Co-Head of Research and Head of Global FinTech Research, Rothschild and Co.
- Larry Tabb, Head of Market Structure Research, Bloomberg Intelligence (moderator)
18:35-18:40
Closing Remarks
- Larry Tabb, Head of Market Structure Research, Bloomberg Intelligence
- Larry Tabb, Head of Market Structure Research, Bloomberg Intelligence
18:40-19:30
Networking Reception
Speakers
Nii Saka Addo
Rosa Armesto
Rosa Armesto is Director General of the Federation of European Securities Exchanges (FESE), the trade association of exchanges in Europe.
Before becoming Director General of FESE, she served as Deputy Director General. Previously, she was part of Insurance Europe as a Member of the Management Team and Head of Public Affairs and Communications. Earlier in her career, she was Head of Public and Regulatory Affairs at FESE and had various roles before rejoining FESE. She began her professional career at Eurostat, the statistical office of the European Commission, in Luxembourg.
Rosa has 20 years of experience in EU financial services. She specialises in capital markets and concretely in financial regulations like MiFID/MiFIR, and strategies like the Savings and Investments Union (former Capital Markets Union), Sustainable Finance, and Digital. Furthermore, she has expertise in insurance-related policies.
Rosa is a member of the ESMA Securities and Markets Stakeholder Group (ESMA SMSG) and lectures on financial market infrastructures at Solvay Brussels School of Economics & Management (Belgium). She is a member of the Board of Directors at the European Parliamentary Financial Services Forum (EPFSF), Board member at CEPS-ECMI, and Co-Chair of the Advocacy Community at the European Society of Association Executives (ESAE).
She holds a Master of Science in Economics with a major in Econometrics from the University of Zaragoza (Spain) and the University of Groningen (Netherlands), a Bachelor of Science in Statistics from the University of Zaragoza (Spain), and a professional degree in Piano from the Music Conservatory of Teruel (Spain). She speaks English, French, and Spanish.
Vincent Boquillon
Vincent Boquillon is Head of Equity Trading at Euronext, within the Cash Equity & Data Services division. He is responsible for the design and performance of Euronext’s cash equity trading model across its European markets, from product design to liquidity management, across both the institutional and retail segments. He has spent his career at Euronext, moving from operations to market surveillance and product development before taking overall responsibility for the equity trading franchise. He has been closely involved throughout in the industry’s engagement on market structure developments.
Nick Fowler
Nick Fowler is a Managing Director and Co-Head of European Equity Advisory at Lazard. He has worked in Equity Capital Markets for over 20 years and has worked on international mandates in numerous sectors, both in the public and private markets.
Since the Global Financial Crisis, he has completed ECM-related mandates in every major European jurisdiction, including over 40 IPOs, 30 placings (public and private), and numerous M&A transactions.
As part of his role, he retains close contact with the main opinion-leading European Institutional investor community, and he has been involved in fundraisings totaling over $50bn in the last seven years.
Some of the most high-profile deals being the IPOs, and in many cases, the subsequent placings of Galderma, Allegro, Darktrace, Orsted, Worldpay, Neoen, Exclusive Networks and Azelis, as well as providing capital markets advice on numerous restructurings.
Brian Hanratty
Over his career, has executed over 80 ECM transactions, raising proceeds of more than $80bn, across the UK, Ireland and Sub-Saharan Africa markets.
Significant experience of working with companies through the cycle from private to public and into the aftermarket, including capital raisings, shareholder engagement, register evolution and market messaging.
Fahed Kunwar
Fahed is Co-Head of Global Research at Rothschild & Co Redburn and Head of the Fintech research team, with over 20 years in financial services. The majority of these have been at Rothschild & Co Redburn within equity research covering Banks, Wealth Managers and Fintech across the US and Europe. He began his career as a chartered accountant at EY, and holds a First Class BSc in Economics from University College London.
Scott Lesser
Scott Lesser is Head of Trading Solutions and Data Analytics at Winterflood Securities, the UK’s largest Retail Service Provider, recently acquired by Marex Group from Close Brothers. He owns the strategy, delivery and daily operation of Winterflood’s proprietary trading, connectivity and analytics platform, which serves 450 clients and counterparties across retail, market-making and institutional workflows. He chairs the firm’s Execution Quality Committee and sits on its Technology Committee.
Scott designed and ran the UK retail execution for the SpaceX IPO — a first for the UK market — through the Winterflood Retail Access Platform (WRAP), which opened primary market transactions to retail brokers and wealth managers. He also launched Winterflood Retail Intelligence (WRI) which gives tailored insight into UK-listed equity and ETF retail trading. Scott began his career at Instinet Europe, where he spent fifteen years, latterly as Head of Execution Services and Head of European Product Management.
Simon Mason
Anish Puaar
Anish joined Optiver in August 2022 as Head of European Equity Market Structure, where his responsibilities include managing exchange relationships, steering advocacy efforts and government relations. Prior to joining Optiver, Anish was Head of European Market Structure at Rosenblatt Securities, responsible for the firm’s European market structure reports and events. Anish is a frequent speaker at industry events across the globe and in 2021 he was awarded the Plato Partnership’s MI3 Market Structure Award for Excellence. Prior to joining Rosenblatt, Anish was a journalist covering market-structure topics for over seven years.
Jordan Sinclair
Jordan Sinclair is the President of Robinhood UK, launching the company’s first international brokerage market in 2023. He is also the General Manager of Bitstamp UK.
Prior to joining Robinhood, Jordan was Managing Director, Europe at Freetrade – where he launched Freetrade’s first international brokerage market – and Director, Corporate Development & Strategy at Barclays. Jordan has wide-ranging financial services experience and is a qualified Chartered Accountant.
Jordan holds a BCom from the University of Cape Town and a MSc from the University of Edinburgh.
Richard Worrell
Richard Worrell joined Barclays in March 2026 as a Director, EMEA Electronic Sales. Prior to this he was Co-Head of Equity Trading for the London Stock Exchange Group (LSEG), where he worked from 2024. He was also Head of EMEA Equity Trading at Janus Henderson Investors between 2017 and 2024. As well as other roles during his near thirty year career, Richard was also previously a Plato Partnership board member and Chairman of the Investment Association’s Buyside Trading Committee.
Julie Zhou
Julie is Director of Cboe Europe B.V.,Cboe’s Netherlands-based exchange, and Head of Continental EU Sales for Cash Equities at Cboe Europe, which operates the largest pan-European equities exchange by market share and value-traded, the largest pan-European equity trade reporting services, as well as low-cost European equity market data and benchmark equity indices.
Prior to joining Cboe, Ms. Zhou was an Account Manager for MSCI, covering its Hedge Funds and Broker Dealer clients. She began her financial services career with Thomson Reuters on its graduate programme, including roles as a business development manager, strategy analyst and in its enterprise solutions division. She holds a Master’s degree in Economics from Tsinghua University in China.
Deniz Besiroglu
Deniz Besiroglu is a market structure research analyst at Bloomberg Intelligence in London covering European equities with a focus on market structure, financial markets infrastructure, technology and regulation.
Charles Capel
Charles is the European Equity Capital Markets Editor for Bloomberg News, he writes about initial public offerings, additional capital raising, exchange health and market structure.
Nicholas Phillips
Nicholas Phillips is the lead Market Structure Research Analyst for European and UK equity markets at Bloomberg Intelligence, specializing in equity market structure, data analytics, industry trends, and regulatory developments affecting European equity markets. Prior to his tenure at Bloomberg, Nicholas was a product manager at the London Stock Exchange Group (LSEG), where he oversaw the secondary market trading platform, the approved publication arrangement TRADEcho, and the multilateral trading facility Turquoise.
Larry Tabb
Larry Tabb serves as the Director of Market Structure Research at Bloomberg, LLP. He leads a research team providing insights into financial markets infrastructure, technology, and regulation. Tabb was previously Research Chairman at TABB Group, where he focused on capital markets. He has advised regulatory bodies like the SEC and CFTC on market structure and is a sought-after speaker in major industry events. His career includes roles at TowerGroup, Lehman Brothers, and Citibank.
When & Where
Thursday 3rd September
16:00 – 19:30
Bloomberg
3 Queen Victoria Street
London EC4N 4TQ