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Investors are looking for opportunities in alternative assetmanagers and in cybersecurity. Alternative assetmanagers Ben Snider of Goldman Sachs sees opportunity in alternative assetmanagers. Then of course, all attention turned to tariffs, the market sold off, and these companies fell with it.
Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and assetmanagers demonstrating interoperability of independent distributed ledger applications (dApps) in the capitalmarkets domain.
The financial services industry—including assetmanagers—has had an interesting relationship with Silicon Valley. Assetmanagers should not assume that these tech giants will look past this industry. This is just what Alibaba, an Amazon-like tech firm in China, did when it entered the mutual fund business in that market.
The global head of capitalmarkets at German assetmanager 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.
Generative AI (gen AI) is predicted to impact over two-thirds of all functions across the capitalmarkets industry, suggesting that the technology has the potential to significantly transform all its segments—including assetmanagement. The majority of assetmanager have already started on this journey.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assetsmanaged by Mesirow, an independent financial services firm. Nearly $6 billion of assetsmanaged by the acquired team will transfer to MIM, under the terms of the transaction.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. Before joining MEAG, Malakis held senior sales positions with international assetmanagers, including Generali Insurance, Vanguard International and Schroders.
James Hilton was appointed multi-assetmanaging director in RBC’s low touch team, joining from Credit Suisse, where he had been serving as head of sales for EMEA for the bank’s advanced execution sales (AES) team. Balyasny AssetManagement appointed Harrison Chesterton as associate director within its equity finance trading division.
Ryan O’Connor left Goldman Sachs AssetManagement and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Ryan O’Connor has left Goldman Sachs AssetManagement and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Alex Livingstone, formerly head of trading for ETFs and FX at Titan AssetManagement, joined Titan Investment Solutions as a junior portfolio manager and trader. The post People Moves Monday: UBS, Titan AssetManagement, IEX Group and more… appeared first on The TRADE.
Joe Wald, BMO CapitalMarkets’ managing director and co-head of electronic trading left the bank, departing after four years in his most recent role, according to an update on his social media. Prior to founding Clearpool, Wald spent a year and a half at GAIN Capital as an executive vice president.
SIFMA and its assetmanagement arm have published an open letter expressing concerns about the SEC’s proposal to redefine what constitutes an exchange and expand Regulation ATS, stating that it is not appropriately tailored to existing systems.
Assetmanagers are turning to third party vendor relationships as a means of reducing costs, a report from Northern Trust and Coalition Greenwich has found. Around 37% of the 151 assetmanagers surveyed by Northern Trust confirmed plans to renegotiate fees with vendors to reduce costs and increase efficiencies.
Some 83% of assetmanagers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.
One other point was that there should be a recommendation, but not a regulatory requirement, to transition the mutual fund subscription and redemption settlement cycle to T+2 from the common T+3/4 in the UK and other popular EEA fund jurisdictions to coincide with the UK, EU and Swiss transition to T+1 in capitalmarkets.
which has also outperformed the market in the past three months by climbing about 38%, may continue to rally. Assetmanagers and capitalmarkets analyst Alexander Blostein, who rates State Street a buy, calls its risk-reward profile the "most attractive" among trust banks in his coverage.
His most recent position at the firm was as managing director, leading the iShares EMEA equity product strategy team. Banque, Banca Commerciale, and Lugano Espirito Santo Investment Bank.
The service also supports key regulatory initiatives including EMIR, CSDR and the Securities Financing Transactions Regulation (SFTR), with the aim to help promote transparency, market integrity and the competitiveness of European capitalmarkets. “We
The deal will further bolster FIS’ capitalmarkets technology offering, having acquired SunGard in a major deal back in 2015. trillion assetmanager Franklin Templeton outsourcing its entire global transfer agency (TA) operations to FinTech FIS.
Morgan Stanley Investment Management Mark Molloy has joined Morgan Stanley Investment Management as a macro trader within the broad markets fixed income team, based in London. He is set to report to Alexander Bouzalis, managing director, and Justin Sham, head of European credit trading.
According to the cyber crime study, an assetmanagement firm could spend more than $17 million per year on charges relating to managing and recovering from incidents. For more on cyber resiliency, read our InsideOps: Cybersecurity for AssetManagers: Shielding Your Firm from Risks. Cost of Cyber Crime Study.
In his new role, Fidance will be based out of London, where he is set to expand access new markets and liquidity, and enhance product and distribution as well as engagement with local and international assetmanagers.
Previously in his career, Paparella ran the institutional structured products Latin America desk for RBC CapitalMarkets. He also previously served as managing director at both American Express Bank International and Deutsche Bank, Argentina. Before that, she co-founded Vicenda AssetManagement in Zug, Switzerland.
I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capitalmarkets function and I assist in origination. Our public positions and investments have originated through a rigorous capitalmarkets process. There’s been a reopening in capitalmarkets.
But what does the persistent evolution of AI mean for capitalmarkets specifically? Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O AssetManagement, asserts that there is a definite place for artificial intelligence within capitalmarkets and the time for adoption is now. “[Gen-AI]
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC CapitalMarkets where she previously served as co-head of equities electronic sales and trading.
As capitalmarkets 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.
SIX has launched a new data offering to enhance coverage, reliability and pricing flexibility for the global fixed income markets. The provider has said that the offering will give clients access to data for 3.6
Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capitalmarkets business. Pictet AssetManagement appointed Jade Beckmann as an equity trader. Prior to that, she held the role of financial products equity specialist at the firm.
Citi has promoted John McLean to head of equity capitalmarkets (ECM) and global assetmanagers (GAM) for Australia and New Zealand following more than two decades at the firm. From 2010 to 2021, he also led Citis local capitalmarkets origination team.
Liquidnet brings knowledge and experience in capitalmarkets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capitalmarkets, the organisation said.
RBC BlueBay AssetManagement equity trader, Michael Tamou, left the assetmanager to join Qube Research & Technologies (QRT). He originally joined the assetmanager as an investment operations analyst in 2020. Throughout his career Jenkins has also worked at SWIFT, Macgregor, and AXA Investment Managers.
RBC CapitalMarkets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He has been appointed senior trader at Norges Bank Investment Management, based in New York.
The acquisition was completed earlier this month, with operations acquired set to be rebranded as Marex Prime Services and Market Outsourced Trading, with both becoming part of the Marex CapitalMarkets business (formed last year following the acquisition of ED&F Man CapitalMarkets). He will report to Blatch.
This time being the internal promotion from Northern Trust for its new head of global foreign exchange within its capitalmarkets business. Fannin took up the role after spending the last 17 years at Northern Trust within its capitalmarkets business in Asia Pacific and London, most recently as its global head of securities finance.
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar AssetManagement where he most recently served as a trader, The TRADE understands. Kirk joins the capitalmanagement firm with experience working as a trader on both the buy- and sell-side.
Assetmanager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa. Jonathan Tse has been appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. He will report to Blatch.
Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon AssetManagement. The global head of capitalmarkets at German assetmanager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter.
Justin Llewellyn-Jones, head of capitalmarkets, North America (equities, FX and derivatives) and chief product officer for capitalmarkets at fintech firm Broadridge announced his departure after more than four years with the business. He began his career as a fixed income support analyst at JP Morgan.
BNY Mellon has today announced the integration of Global Markets Trading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capitalmarkets to provide full-service client provisions.
Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and assetmanagers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capitalmarkets and better compete with Wall Street.
Deutsche Bank has re-entered the local DCM in South Korea as it expands its investment banking capabilities in the region in a bid to support its local clients in accessing global debt capitalmarkets. It also provides assetmanagement services to its South Korean clients through Deutsche Bank subsidiary, DWS.
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