Macquarie Securities Group has announced the appointment of David Klinger as executive director, head of execution services for Asia.

Mr Klinger was previously the managing director of Liquidnet, where he founded its Asian business and built it into one of the region's leading alternative trading systems for institutional-only block trading.

In his new role, he will be responsible for the company's suite of execution products and services, including electronic execution, portfolio trading, execution trading, and financial engineering. He will be based in Hong Kong.

"The evolution of our industry is towards a greater focus on execution and better usage of technology. David's appointment is a move by us to ensure our continued leadership in this area," said Mark Duncan, the head of Macquarie Securities, Asia, in a statement.

Macquarie Securities Group has one of the largest equities research and sales teams dedicated to the Asia-Pacific region, covering over 1,200 listed companies. It is a wholly owned unit of global financial services provider Macquarie Group.