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.

Capital Market 98

Capital Market Capital Asset Management Business 98

The TRADE

AUGUST 30, 2023

Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.

Trading 105

Trading Asset Management Management Portfolio Management 105

The TRADE

FEBRUARY 27, 2024

Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. The deal will further bolster FIS’ capital markets technology offering, having acquired SunGard in a major deal back in 2015.

Trading 111

Trading Capital Market Asset Management Capital 111

The TRADE

JUNE 24, 2024

UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Before joining MEAG, Malakis held senior sales positions with international asset managers, including Generali Insurance, Vanguard International and Schroders.

Asset Management 64

Asset Management Management Sale Portfolio Management 64

The TRADE

OCTOBER 2, 2023

RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director.

Asset Management 64

Asset Management Management Sale Capital Market 64

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.

Management 69

Management Investment Asset Management Investment Manager 69

The TRADE

APRIL 29, 2024

Royal London Asset Management has restructured its global equity team with immediate effect, following the departure of its head of equities and some members of the wider global equities team. Matt Burgess will support Hillier in managing the global equity team, as well as continuing as head of quant strategies.

Asset Management 64

Asset Management Equities Management Funds 64

The TRADE

FEBRUARY 26, 2024

Ryan O’Connor left Goldman Sachs Asset Management 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 Asset Management back in 2017 to build out the US fund strategist model portfolio business.

Asset Management 64

Asset Management Management Capital Market Trading 64

The TRADE

JUNE 9, 2025

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. Peel Hunt Peel Hunt’s head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal.

Capital Market 52

Capital Market Trading Equities Asset Management 52

The TRADE

MAY 7, 2024

Burke will also hold responsibility for business and product management expansion of MarketAxess’ EM trading business across both geographies and products. Burke joined MarketAxess from Standard Chartered, where he most recently served as managing director, based in Singapore.

Asset Management 64

Asset Management Management Equities Trading 64

The TRADE

JUNE 10, 2024

UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. Livingstone previously served as head of trading – FX and ETFs at Tavistock Investments.

Asset Management 64

Asset Management Management Trading Equities 64

The TRADE

NOVEMBER 25, 2024

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.

Finance 69

Finance Finance Securities Trading 69

The TRADE

OCTOBER 7, 2024

The TRADE is delighted to announce the Rising Stars of Trading and Execution for 2024, in collaboration with Instinet – a celebration of up and coming talent on the buy-side. Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading asset managers and hedge funds.

Trading 59

Trading Asset Management Equities Investment Manager 59

The TRADE

FEBRUARY 21, 2024

Ryan O’Connor has left Goldman Sachs Asset Management 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 Asset Management back in 2017 to build out the US fund strategist model portfolio business.

Asset Management 59

Asset Management Management Risk Management Capital Market 59

The TRADE

JULY 27, 2023

Bloomberg AIM and Bloomberg Vault have been adopted by India-based NJ Asset Management to help enable its enterprise-wide digital strategy across the entire investment workflow. According to the firms, Bloomberg AIM addresses NJ Asset Management’s specific needs for tools to support rule-based investment decision-making.

Asset Management 52

Asset Management Management Investment Manager Portfolio 52

The TRADE

JANUARY 23, 2024

Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital. His appointment comes as GTN continues its expansion efforts to build a comprehensive electronic trading and investment platform. The post GTN appoints new equity sales trader appeared first on The TRADE.

Sale 105

Sale Equities Asset Management Capital 105

The TRADE

OCTOBER 23, 2023

Louis de Kock is set to depart J O Hambro Capital Management in the coming weeks, with Adam Simmons taking over as head of trading, as revealed by The TRADE. Asset manager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa.

Capital 64

Capital Management Asset Management Trading 64

The TRADE

SEPTEMBER 19, 2024

Oaktree Capital Management has agreed to acquire Close Brothers Asset Management (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.

Asset Management 59

Asset Management Management Mergers and Acquisitions Business 59

The TRADE

JUNE 15, 2023

SIFMA and its asset management 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.

Asset Management 64

Asset Management Management Broker Trading 64

The TRADE

AUGUST 24, 2023

Perpetual Group has merged its existing regional asset management businesses to form one global division led by a newly created role of chief executive of asset management. The Group owns asset management bands including Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.

Asset Management 52

Asset Management Management Business Boutique 52

The TRADE

OCTOBER 26, 2023

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.

Trading 98

Trading Asset Management Management Electronics 98

The TRADE

NOVEMBER 15, 2023

This follows asset managers having reduced OTC exposures in the wake of the ‘uncleared margin rules’ and other post-crisis reforms. The report confirmed that OTC trading represents considerable operational costs, with ISDA agreements coming out on top as the greatest challenge for OTC market participants according to respondents.

Asset Management 59

Asset Management Management Equities Trading 59

The TRADE

OCTOBER 22, 2024

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 capital markets.

Asset Management 59

Asset Management Management Capital Market Trading 59

The TRADE

MAY 1, 2024

Some 83% of asset managers 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.

Asset Management 59

Asset Management Management Investors Trading 59

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.

Trading 90

Trading Asset Management Management Investment Manager 90

The TRADE

JUNE 6, 2023

Aviva Investors, Aviva’s global asset management business, has appointed Monica Fan-Bradley as head of institutional sales (excluding Asia Pacific) within its global client solutions function. She also serves as a member of eVestment’s asset manager board and the advisory council of The Diversity Project UK.

Asset Management 52

Asset Management Investors Sale Management 52

The TRADE

AUGUST 6, 2024

Saphyre’s technology manages the onboarding and maintenance of custody, broker trading, and buy-side accounts. Saphyre suggests this solution eliminates issues related to failed trades downstream and allows for better real-time collaboration which should support participants in light of the global shifts to a T+1 settlement regime.

Capital 59

Capital Investment Manager Asset Management Trading 59

The TRADE

SEPTEMBER 3, 2024

Morgan Stanley has closed an investment in high-performance platform 3forge, with the capital set to accelerate the business’ global go-to-market strategy as well as expand its development community. The injection is the first time since its 2011 launch that 3forge has raised external capital.

Capital 59

Capital Asset Management Funds Trading 59

The TRADE

JUNE 3, 2024

Euronext Group’s fixed income electronic trading platform MTS has appointed Nick Sollom as head of business development and strategy. Sollom brings more than two decades’ experience in financial trading and market strategy to the firm. He joins from Element Capital, where he founded the London execution desk.

Capital 64

Capital Business Trading Asset Management 64

The TRADE

JUNE 27, 2023

Asset managers 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 asset managers surveyed by Northern Trust confirmed plans to renegotiate fees with vendors to reduce costs and increase efficiencies.

Asset Management 59

Asset Management Management Capital Market Valuation 59

The TRADE

JULY 24, 2024

Aladdin supports the entire investment management process across asset classes. Franklin Templeton confirmed the move will help it to unify its platform across asset classes as well as simplify its operations and reduce any long-term capital expenses.

Investment Manager 103

Investment Manager Asset Management Management Trading 103

The TRADE

APRIL 29, 2024

The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum. Alongside him, Matthew West joins Investec as a global electronic sales trader.

Capital Market 64

Capital Market Capital Electronics Asset Management 64

The TRADE

SEPTEMBER 4, 2023

Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, as revealed by The TRADE. His new role is not yet public but will be communicated in due course.

Investment 115

Investment Equities Trading Asset Management 115

The TRADE

AUGUST 29, 2023

UK asset manager Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million back in May, following murmurs of the deal in April. of the issued share capital of GAM for CHF0.55 per share in a bid to halt the offer.

Asset Management 64

Asset Management Finance Finance Management 64

The TRADE

JULY 31, 2024

UK asset manager Gravis Capital Management has become the latest to integrate Bloomberg AIM in a bid to enhance its front-office workflows. Bloomberg is also set to provide Gravis with services related to inbound asset servicer integrations and data reconciliation.

Management 59

Management Capital Asset Management Portfolio 59

The TRADE

FEBRUARY 5, 2024

A Rothschild & Co senior investment dealer has left the firm for a new opportunity at Polar Capital, The TRADE can reveal. Greg Finke joins the boutique asset manager after just over a year at Rothschild & Co as a senior investment dealer covering equities. Polar Capital confirmed his appointment.

Capital 52

Capital Boutique Asset Management Trading 52

The TRADE

MARCH 21, 2024

US-based block trading start up OptimX has selected a former Virtu buy-side sales specialist to become its new head of institutional sales, The TRADE can reveal. Michelle Butler joins OptimX to head up its buy-side business after most recently serving at Virtu for 19 years, managing sales for its POSIT Alert business.

Sale 111

Sale Asset Management Trading Management 111