Plato Partnership Shuffles Leadership Structure

The Plato Partnership, a leading organisation in the equities trading industry, has announced significant changes in its leadership and a strategic review aimed at shaping its future.

After a successful tenure, Mike Bellaro, the CEO of Plato, is stepping down following a short transition period. Bellaro, who took on the role in 2018, has been instrumental in guiding the organisation through a period of growth and increasing influence. Under his leadership, Plato expanded its membership to more than 35 leading buy- and sell-side institutions, including its first hedge fund member.

Bellaro was a founding member of Plato, representing Deutsche Bank in the Partnership's earliest days. One of his most notable achievements was strengthening the Turquoise PlatoTM partnership, enhancing efficiency, transparency, and choice in European block trading.

Mike Bellaro's departure will be followed by that of Mark Wilcox, who joined as Chief Operating Officer in 2018. Wilcox's operational leadership, deep member engagement, and stewardship of research programs and industry initiatives have turned strategic vision into market-wide outcomes.

Simon Steward, Buy-Side Chair of the Plato Advisory Committee, has expressed gratitude towards Mike and Mark for their service and achievements. Steward praised Bellaro for laying down the structures and relationships that will carry Plato forward. He also highlighted Wilcox's role in building a forum for members to debate and act on big issues in European equities.

The Plato Advisory Committee, made up of representatives from each member firm, will lead a member-driven review to refine Plato's strategy. The Committee aims to ensure Plato continues to represent the interests of its members and the wider marketplace. They also plan to adapt Plato to the evolving equities landscape.

During the review, an interim leadership team consisting of Simon Steward, Salvador Rodriguez, and Jack Benda will manage day-to-day operations.

Steward's statement emphasises Plato's commitment to leading with purpose, independence, and innovation. The organisation has commissioned and published MI3 Academic Research on various topics, providing members and the wider industry with independent, data-driven insights.

The Advisory Committee will work with members to set the course for Plato's next phase. They aim to ensure that Plato continues to play a crucial role in improving efficiency and fairness across the market.

As the Plato Partnership enters a new chapter, it remains committed to its mission of fostering collaboration and driving positive change in the equities trading industry.