Europe’s largest ETF market maker Flow Traders has dismissed managing director Christopher Meyers following allegations of misconduct made by BlackRock.
According to Bloomberg, Meyers’s tenure at the Amsterdam-based trading house came to an end last November after an alleged drunken incident at a London pub.
Following the event, a probe was launched into complaints made by key business partner BlackRock regarding alleged “unprofessional behaviour” towards the asset manager’s female employees at the informal gathering, sources familiar with the matter told Bloomberg.
Meyers (pictured) joined the market maker as an ETF sales trader for the UK in 2011 before becoming its top UK executive at the start of 2019.
Having been approved under the Financial Conduct Authority’s Senior Managers and Certification Regime, he played a key role in the firm’s interactions with UK regulators.
Simon Wynn-Davies, head of UK and Netherlands sales at Flow Traders, has been confirmed as Meyers’s replacement.
Flow Traders and BlackRock declined to comment.
The news adds to a turbulent time for market making in Europe. Last month, US-based trading house Bluefin closed its business in the region.