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Liquidnet has appointed Michael Fidance as head of CEEMEA equitymarkets as part of the firm’s efforts to drive growth across the region. Prior to this, he also served as head of sales for CF Global Trading in Europe before the firm was acquired by State Street in 2024.
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.
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. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director.
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.
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.
Sinet brings 10 years of trading experience to his new position and previously worked as a credit trader at Mizuho from April 2023 to November 2024. Previous companies include Bloomberg Tradebook, Execution, Canaccord, C.I.M Banque, Banca Commerciale, and Lugano Espirito Santo Investment Bank.
Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023. He took up the role on an interim basis in March. He began his trading career at UBS in Hong Kong.
Vikesh Patel With this approval, the pan-European clearing house will introduce a service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management. The concept of central clearing of SFTs is not new and has been tried before with varying degrees of success.
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould was appointed head of fixed income and equities EMEA, based in London. Paul Battams was named head of international equity trading at BlackRock following 23 years with the firm.
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. What does your role involve?
Non-profit member organisation for the equity marketplace, Plato Partnership, has added Liquidnet as an inaugural strategic partner. 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.
Across the board banks have reported increasingly positive equities performances, a notable development following turbulent recent times. Jane Fraser While equities performance either grew or remained flat across the sell-side, the banks posted less impressive growth in fixed income, however. Fixed income markets revenue was $5.3
EU assetmanagers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.
Following his departure he is set to join Barclays Capital. Most recently, he served as equity and derivatives trader, vice president at SSGA, focused on the EMEA region, having joined the desk in December 2016. Prior to his time at SSGA, Corbyn held settlement-related roles at Credit Suisse, Citigroup, and Barclays Capital.
RBC BlueBay AssetManagementequity trader, Michael Tamou, left the assetmanager to join Qube Research & Technologies (QRT). He originally joined the assetmanager as an investment operations analyst in 2020. He began his career as a junior portfolio manager at RSA covering US equities.
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.
Citi has promoted John McLean to head of equitycapitalmarkets (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.
While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? Also, it can be quantitative or fundamental – or both! –
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.
Elsewhere, UBS made several other role changes, including Srichakri Adhikarapatti taking responsibility of the Central Risk Book (CRB) – a critical part of the execution services business, as well as joining the Execution Services Management Forum (ESMF). He originally joined the bank in 2006 in a securities lending role.
RBC CapitalMarkets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. Heraty will take on the role of head of US equity solutions and structured product sales, whilst Gleave has been appointed as head of European equity solutions.
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. Legal & General Investment Management (LGIM) promoted one of its own to the role of head of US equity and foreign exchange trading.
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.
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.
Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.
He joined Cowen as managing director for fixed income outsourcing in February 2022, transitioning to commodities specialist Marex as part of the sale of Cowen’s outsourced trading and prime brokerage business at the end of last year. Zurich-based Wanner most recently served as executive director – equity sales trading at Morgan Stanley.
Read more: LedgerEdge closes three years after launch “As many of you know, Brian is a proven multi-asset trader and trading technologist with valuable assetmanagement and capitalmarkets experience,” said Stephen Berte, president at BIDS Trading, in a social media post.
Previously he also served across ANIMA AssetManagement and Mediobanca. The London Stock Exchange (LSEG) appointed Charlie Walker as deputy chief executive officer, where he will support the daily running of the exchange and oversee the Group’s primary markets business.
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.
Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG). He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.
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.
Morgan Stanley India: Global investment bank with a strong presence in India, offering services such as underwriting, M&A advisory, and equity research. JM Financial: Full-service merchant bank with a focus on emerging markets, providing services such as debt and equitycapitalmarkets, M&A advisory, and restructuring.
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.
During his time with the assetmanager, 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 CapitalMarkets in a fixed income role and 10 and a half years at UBS Investment Bank as an executive vice president.
Eric Heliene, head of buy-side trading desk, Groupama Asset Management The intensification of financial regulation is a fundamental trend transforming the assetmanagement ecosystem. Market participants have clearly been voicing their desire for competitive clearing.
Morgan Securities LLC, RBC CapitalMarkets, Vestra Advisors, and Wells Fargo served as financial advisors to New Home. About Apollo Apollo is a high-growth, global alternative assetmanager. Landsea Homes shareholders are receiving $11.30 Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to New Home.
When it comes to innovation and the potential impacts of large-scale change, market players are accustomed to looking westward primarily – that is, to North America – a trend visible not just across the capitalmarkets, but the world over.
GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned.
In the core middle market, which typically includes borrowers between $10 million and $50 million in Ebitda, median leverage multiple contracted by about 0.75 Meanwhile, in January, Churchill raised $737 million for its second Junior Capital Opportunities fund — more than double its first — and Goldman Sachs AssetManagement snagged $15.2
David Berney and Michael Broadbent run Ergo Consultancy which delivers what it refers to as provider “beauty parades” for buy-side organisations looking to outsource their trading, whereby it presents all the services in the industry to that assetmanager, hedge fund or asset owner. The list goes on.
It wouldn’t be The TRADE Magazine without a large helping of exclusive buy-side content for you to sink your teeth into and this quarter we’re delighted to feature Bluebell Capital Partners’ head of trading Pete Papanichola and Robeco’s global equity trading desk as our cover star and Meet the Desk interview, respectively.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. So balance is key here: there are obviously benefits to an internal trading desk within an assetmanager or hedge fund, but the same is true of the opposite for many in 2023.
There are pockets within the digital asset ecosystem where inroads are being made, primarily with respect to tokenisation. Gordon Grant: We hope to see what I would consider to be proper prime services platform offerings, including a FX PB, equity PB style solution. This has been a long time coming for crypto.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. From Tourmaline’s perspective, Hantman asserts that the firm has been trading for multiple trillion plus assetmanagers for years, though these are unwilling to be named publicly.
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