LoopFX launches as live FX liquidity network integrated with State Street’s FX Connect
The TRADE
JULY 31, 2025
million investment in LoopFX, to support the firm’s trading and price discovery innovations into the FX markets.
Asset Management Banking Investment Manager 
People Moves Monday: Morgan Stanley Investment Management, Legal & General Investment Management, Goldman Sachs and more…
The TRADE
JULY 14, 2025
BNY Buy-side Trading Solutions Legal & General Investment Management (LGIM) equity and foreign exchange trader Jamie Jones is set to leave the firm to join BNY’s expanding outsourced trading refit, as revealed by The TRADE. BNY declined to comment on his appointment.
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MetLife IM set to acquire investment teams managing $6 billion from Mesirow
The TRADE
JANUARY 10, 2025
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financial services firm. Nearly $6 billion of assets managed by the acquired team will transfer to MIM, under the terms of the transaction.
People Moves Monday: Nomura Asset Management, UBS, Citadel Securities and more…
The TRADE
JULY 7, 2025
Nomura Asset Management Mark Molloy has confirmed his departure from Nomura Asset Management, where he most recently served as senior trader. He has now joined Morgan Stanley Investment Management as a macro trader.
Sustainable Trading shutters amidst unfavourable ‘political headwinds’
The TRADE
AUGUST 6, 2025
With the decline in member numbers, the difficulty in operating the organisation continues to increase and the positive impact that we could have was decreasing.” The same pressures have seen an exodus of banks and asset managers exit their Net Zero initiatives as firms’ priorities become increasingly focused elsewhere.
Over the last two years 87% of companies have increased investment in the cloud, finds report
The TRADE
JULY 14, 2025
As capital markets have continued to evolve at a rapid pace – with increased regulatory scrutiny showing no sign of let up – 87% of companies have increased their investment in the cloud over the last two years, according to a recent report by the London Stock Exchange Group.
OptimX connects with Charles River to offer institutional clients bilateral liquidity
The TRADE
JANUARY 7, 2025
As part of the integration, OptimX is now a certified sweep partner on Charles Rivers investment management system (IMS) meaning Charles River institutional clients can now access OptimX liquidity via their desktops.
Trader of the Year Hedge Fund: Conversant Capital’s David Alfred
The TRADE
JANUARY 22, 2025
I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. We are nimble and agile.
These stocks could benefit if Trump expands private markets access in 401(k) plans, analysts say
CNBC: Investing
JULY 17, 2025
Earlier this week, The Wall Street Journal reported , citing people familiar with the matter, that the Trump administration is working on an executive order that would facilitate 401(k) plans' access to private market investments. Asset managers have already started making inroads into the space. "Mgmt.
The TRADE predictions series 2025: Post-trade and the shift to T+1 – part two
The TRADE
DECEMBER 31, 2024
Weve learned over the years, with CSDR in the EU and T+1 in the US, that the implementation of tactical workarounds to manage settlement operations leads to higher costs and inefficiencies over the long term.
BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV
The TRADE
AUGUST 2, 2024
BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.
People Moves Monday: UBS, MEAG, Northern Trust Asset Management and more…
The TRADE
JUNE 24, 2024
Before joining MEAG, Malakis held senior sales positions with international asset managers, including Generali Insurance, Vanguard International and Schroders. Before joining MEAG in 2021, George worked at the multi-family office Novethos and previously held positions at various banks and private banks.
Asset manager consolidation wave continues as two deals announced in 24 hours
The TRADE
JUNE 1, 2023
The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. The post Asset manager consolidation wave continues as two deals announced in 24 hours appeared first on The TRADE.
People Moves Monday: Millennium, Schroders Wealth Management, Northern Trust Asset Management and more…
The TRADE
NOVEMBER 20, 2023
Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.
UK ministers urged to intervene if Australian bank takes 100% of gas business
The Guardian: Mergers & Acquisitions
MAY 14, 2023
Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilities Ministers have been urged to intervene if Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take full control of a vital part of the UK’s gas grid.
AXA IM individual joins BlueBay as credit trader departs for Norges Bank Investment Management
The TRADE
JULY 20, 2023
An investment-grade credit trader from RBC BlueBay Asset Management has left the firm to join Norges Bank Investment Management, The TRADE can reveal. Christopher Lemmo left BlueBay, part of RBC Global Asset Management, in April this year after almost 13 years at the fixed income focused asset manager.
DWS Group’s global head of capital markets leaves the business
The TRADE
FEBRUARY 28, 2024
The global head of capital markets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years. DWS declined to comment.
How Green is Green? Empowering ESG Investment Managers with Standard Methodology
Global Banking & Finance
FEBRUARY 6, 2024
Empowering ESG Investment Managers with Standard Methodology Aligned Green, Social, Sustainability, Sustainability-Linked and Transition (ESG bonds or GSS+) finance volumes passed the $4trillion mark in H1 2023, according to the Climate Bonds Initiative (CBI). How Green is Green? But how green is green?
Singaporean investment manager New Silk Road outsources trading to Northern Trust
The TRADE
MAY 8, 2024
Singapore-based investment manager New Silk Road has outsourced its trading to Northern Trust as it seeks to fortify its offering as T+1 looms. The post Singaporean investment manager New Silk Road outsources trading to Northern Trust appeared first on The TRADE.
The Path to Success: How to Become an Investment Banker
OfficeHours
MAY 24, 2023
Investment banking is one of the most sought-after careers in the finance world. Investment banking is highly desirable due to its potential for high lifetime earnings, its interesting and impactful work, and it serves as a springboard for a career in finance. Maybe even more important than your major is your GPA.
The TRADE predictions series 2024: Foreign exchange, the regulatory impact
The TRADE
DECEMBER 19, 2023
Martin Hendry, deputy head of trading, Liontrust Asset Management As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. What challenges will Asian and European asset managers face with their FX overlay process?
People Moves Monday: Musical chairs
The TRADE
JULY 24, 2023
Before that, he worked at Bank of America for 11 years, most recently as head of North American equity client solutions sales and structuring. Elsewhere, Gleave previously served as head of equity solutions for EMEA at Nomura and has also held senior positions at investment banks Morgan Stanley Bank of America, and Lehman Brothers.
BofE launches stress testing ‘exercise’ for major banks and buy-side to prevent future bonds collapses
The TRADE
JUNE 19, 2023
The Bank of England (BofE) has today launched a new stress testing “exercise” to improve the understanding of how major banks and buy-side behave in stressed market conditions, including how these behaviours might interact to “amplify shocks”.
The TRADE announces the Rising Stars of Trading and Execution 2024
The TRADE
OCTOBER 7, 2024
Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading asset managers and hedge funds.
Leaders in Trading 2024: Buy-side shortlists revealed, voting now open
The TRADE
SEPTEMBER 27, 2024
If you are a member of the buy-side community and would like information on attending please contact Karen Delahoy at karen.delahoy@thetradenews.com or Annabel Smith at annabel.smith@thetradenews.com.
People Moves Monday: Bloomberg, RBC BlueBay AM, LSEG TORA and more…
The TRADE
JANUARY 8, 2024
RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT). He originally joined the asset manager as an investment operations analyst in 2020. Previously in his career, he spent a year as an operation analyst at Liquidnet.
People Moves Monday: Redburn Atlantic, LGIM, DWS and more…
The TRADE
MARCH 4, 2024
Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management. Legal & General Investment Management (LGIM) promoted one of its own to the role of head of US equity and foreign exchange trading.
What is Private Banking and How Does It Work?
Razorpay
DECEMBER 15, 2024
What is Private Banking? Private banking is a personalized financial and wealth management service provided by banks to high-net-worth individuals (HNWIs). It involves offering exclusive products, tailored advice, and one-on-one attention to help clients manage, grow, and protect their wealth.
Sumitomo Mitsui Trust AM set to leverage DTCC’s Institutional Trade Processing service in T+1 transition
The TRADE
APRIL 17, 2024
Sumitomo Mitsui Trust Asset Management has adopted DTCC’s Institutional Trade Processing (ITP) suite of services in a bid to enhance its offering as the US shift to a T+1 settlement cycle fast-approaches, scheduled for 28 May.
BNP Paribas signs €5.1bn share purchase agreement for Axa IM
Global Banking & Finance
DECEMBER 23, 2024
BNP Paribas has formally signed the previously announced 5.1bn ($5.3bn) share purchase agreement for Axa Investment Managers. Axa and BNP Paribas Cardif entered into exclusive negotiations in August to offload Axa’s asset management division.
Is Singapore set to become the next major trading hub?
The TRADE
OCTOBER 27, 2023
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS. This year, the industry has seen interest in Singapore grow from the buy-side too.
Bank of America reports highest H1 sales and trading revenue in over a decade, despite 2% fall in equities
The TRADE
JULY 18, 2023
Bank of America has reported a strong second quarter and first half of the year overall, despite its global wealth and investment management total revenue decreasing 4% to $5.2 The bank also highlighted that lower than average transactional volumes had contributed to lower asset management and brokerage fees.
People Moves Monday: Weekly roundup
The TRADE
JULY 31, 2023
During his time with the asset manager, Taitz was responsible for Invesco’s fixed income trading desks in the US, UK and Hong Kong. Prior to joining Invesco in 2016, Taitz spent two and a half years at RBC Capital Markets in a fixed income role and 10 and a half years at UBS Investment Bank as an executive vice president.
CLSA appoints ex Morgan Stanley as algorithmic sales trader
The TRADE
NOVEMBER 27, 2023
Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland Asset Management, working on the multi-asset global trading desk.
Three Ways Institutional Investors Could Increase RPA Success
Accenture Capital Markets
SEPTEMBER 5, 2023
The traditional RPA approach used by large financial services players usually doesn’t easily work in institutional investing. This is mostly because a large share of the total spend is related to front-office costs that RPA does not address, such as staff compensation, investment management fees and deal costs.
People Moves Monday: A series of senior appointments
The TRADE
JUNE 19, 2023
Previously, Williams served as an investment account manager at Northern Trust. Fixed income investment banking boutique KNG Securities appointed Fernando Ortega as its new head of emerging market sales. M&G’s global asset management arm appointed Manabu Fujita as head of M&A Investments Japan.
Leaders in Trading 2023: Industry Person of the Year shortlist revealed
The TRADE
NOVEMBER 6, 2023
She later took on a role at the bank as executive director of investor flow sales responsible for the introduction of its derivative product to its UK client base. She assumed the role at the bank after a 15-year stint with Morgan Stanley where she held several roles, most recently head of market structure for clients.
The Big Interview: Angela McLean
The TRADE
AUGUST 14, 2023
I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. I joined the banking services team and within that team sat the Treasury function consisting of a money market and FX trader. What has your journey to the trading desk been like?
Trading at the frontier
The TRADE
OCTOBER 9, 2024
The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. Gibson is a seasoned trader with an extensive career in markets.
An evolving service provider landscape
The TRADE
JANUARY 3, 2024
But there are a number of factors at play which make the future an enticing space to watch as only time will tell whether the independents can continue to thrive among a growing crowd of institutional banking players. Can everyone keep up with the increasing multi-asset and geographic demands? Will we see more M&A?
People Moves Monday: Shifts in the trading space
The TRADE
JUNE 5, 2023
TS Imagine expanded its team in the Asia Pacific region with two new appointments from investment management fintech Enfusion. Stephanie Cheung was appointed as sales director, while An Hoong will work within the account management team, responsible for technical account management and client support.
Leaders in Trading 2023: Meet the nominees for… Outstanding Innovation in Fixed Income
The TRADE
OCTOBER 27, 2023
In July, LTX integrated with BlackRock’s end-to-end investment management and operations platform Aladdin as part of the next phase of the pair’s multi-year partnership. Since the initial launch, participant syndicate banks have more than doubled to over 30 who are now sending EMEA deal announcements to Liquidnet.
It’s Private Credit’s World
The Deal
JULY 18, 2023
Still, cash-rich private credit can bypass rating agency requirements and syndication to close transactions quickly and put up more money compared to traditional banks. That’s made these firms more attractive to sponsors and sellers, giving the asset class an upper hand in setting buyout terms. billion in commitments in June.
Keeping an aircraft carrier nimble in times of turbulence
The TRADE
OCTOBER 31, 2024
Chicago-based head of US trading at Legal and General Investment Management (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Chicago is a very small community and so I knew most of the portfolio managers and management at LGIM America before I came over.
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