Moorgate Benchmarks has hired Julian Taylor as head of business development.

Taylor (pictured) joins from Alluve Systems where he was responsible for business development for a broad set of alternative investment solutions.

Prior to this, he spent 13 years at Bloomberg between 1994 and 2007 before joining Markit where he held a number of roles over nine years including sales director.

At Moorgate Benchmarks, Taylor will be responsible for helping deliver the firm’s aim of enabling index providers and issuers to create new products that deliver choice to investors.

Tobias Sproehnle, CEO of Moorgate Benchmarks, commented: “Julian’s wealth of industry knowledge and contacts gathered from his senior roles in financial services will further extend Moorgate’s position in the provision of index design, administration and calculation services.”

Taylor added: “The industry is facing considerable change and is hungry for new options. I am looking forward to working with our exceptional team to deliver choice and real value to our customers.”

The appointment comes a month after the firm hired Tim Black as head of governance for both internal and external provisions.

Last October, Moorgate Benchmarks secured investment from ETFS Capital.

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