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Nomura AssetManagement Mark Molloy has confirmed his departure from Nomura AssetManagement, where he most recently served as senior trader. He has now joined Morgan Stanley Investment Management as a macro trader.
Stuart Lawrence has been appointed head of European equitiestrading at UBS AssetManagement four and a half years after he joined the firm in June 2019. He was most recently head of UK equitytrading at UBS AssetManagement, having previously served as a high touch equity sales trader at Kepler Cheuvreux.
Kepler Cheuvreux and Unigestion have launched joint public equitiesassetmanagement company, Kepler Unigestion, following the close of transaction and regulatory approvals. Specifically, the partnership is set to focus on quantitative strategies for listed equities.
BlackRock equitytrading vice president Zachary Goodwin has left the firm to join investment management firm CPP Investments, The TRADE can reveal. Rowe Price, Balyasny AssetManagement, Fidelity Investments and MFS Investments. Rowe Price, Balyasny AssetManagement, Fidelity Investments and MFS Investments.
A recent government initiative announced on March 5, 2024 signals that more antitrust scrutiny for private equity firms and assetmanagers is on the horizon. By: Paul Hastings LLP
UK assetmanager Liontrust AssetManagement is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust and BNY declined to comment when reached out to by The TRADE. Most recent was news in December that Avanza Fonder had outsourced to Northern Trust.
For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. The shortlisted candidates will be handed their award during the Rising Stars of Trading and Execution awards ceremony, taking place as part of Leaders in Trading.
BlackRock has appointed Nick Craze head of the EMEA equitytrading desk following the promotion of Paul Battams to head of international equitytrading, The TRADE can reveal. He will now manage the entire desk, made up of 14 traders, having previously managed a team of six.
Balyasny AssetManagement has appointed Harrison Chesterton as associate director within its equity finance trading division, The TRADE can reveal. Chesterton initially joined Barclays Corporate and Investment Bank as an analyst within delta 1 and equity financing.
Royal London AssetManagement 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. Piers Hillier, chief investment officer, will take on responsibility for Royal London AM’s global equity capabilities.
The TRADE is delighted to reveal the shortlisted nominees for this year’s coveted Buy-Side Awards, in partnership with SIX Swiss Exchange. This year’s categories have been updated slightly, and for the first time the Buy-Side Awards will celebrate a Hedge Fund Trading Desk of the Year alongside the Long Only category.
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.
Read more – Conscious usage of TCA: Making trade analytics more actionable Speaking to his own approach, Böss shared: “We’ve been teaming up with risk and compliance on data sets. Why is it that combined is a different tool for post-trade combined checks when our TCA tools could do this? It’s So how do we do that?
Allianz Global Investors (AllianzGI) has appointed Kayvan Vahid as head of equity Europe core and value. Vahid joins AllianzGI from UBS AssetManagement where he served in a variety of roles over the last 20 years. Based in London, Vahid will report to Jörg De Vries-Hippen, head of investments equity Europe.
Institutional investors, assetmanagers and hedge funds are invited to rate the service, features and capabilities of their algo providers in The TRADE’s 2024 Algorithmic Trading Survey. We encourage providers of algorithmic trading to support client participation. To participate in the survey, please click here.
BlackRock’s head of electronic trading and market structure for EMEA, Daniel Mayston, has left the assetmanagement giant, The TRADE can reveal. The TRADE understands it is outside of trading. The institution also reshuffled its equitytrading leadership earlier this year.
Chris Matsko, head of foreign exchange trading services at FactSet, said: “This announcement showcases FactSet’s dedication to enhancing our products by working with innovative solutions that provide the best possible outcomes to our valued clients.” The post FactSet FX trading platform to integrate LoopFX appeared first on The TRADE.
Pictet AssetManagement has appointed Jade Beckmann as an equity trader, The TRADE can reveal Beckmann joins Pictet AssetManagement from Bloomberg, where she most recently served as a professional services sales account manager. Beckmann announced her appointment in a social media post.
UK-based investment management firm Waverton has outsourced a portion of its trading to Northern Trust Integrated Trading Solutions (ITS). The deal follows a review by the investment manager of its operating model intended to help it better align its structure with plans for product expansion in the future.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-assettrading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.
Electronic trading platforms captured almost a third (32%) of overall Canadian equitytrading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found. As a result, electronic and/or algorithmic trading has seen usage increase.
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
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.
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.
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.
Mark Molloy has confirmed his departure from Nomura AssetManagement, where he most recently served as senior trader. billion deal. Earlier this year, Nomura confirmed plans to acquire Macquarie’s US and European public assetmanagement business in a $1.8
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 assetmanagers, including Generali Insurance, Vanguard International and Schroders.
Robert Whelan has joined Citadel as equity trader following almost eight years at Pictet AssetManagement. Whelan joined Pictet AM as an equity trader back in 2016. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader.
Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny AssetManagement. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny AssetManagement in 2021 as a trader.
HSBC has appointed Matthew Stanton as managing director, head of equities sales trading for Americas. Prior to that, he spent just over seven years at Barclays, most recently serving as managing director, head of cash sales trading, Americas. He initially joined Goldman Sachs as a NYSE floor trader.
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.
UK-based assetmanager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
The new service will offer insights to hedge funds, assetmanagers and other buy-side based off real-time liquidity mapping. Broadridge said its approach identifies ideal algorithmic execution for orders and reduces outliers to improve trading costs.
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.
Global head of equitytrading at Janus Henderson, Dan Royal, accepted a Lifetime Achievement Award from The TRADE last night at the first ever Leaders in Trading New York awards ceremony. Beginning his career in 1984 as an FX tradingmanager at Cargill, based in Chicago, his career spans four decades.
Honor Woods has been appointed equity trader at RBC BlueBay AssetManagement, based in London. Woods has previous experience working in the institutional equitytrading team at AB Bernstein. He was recognised as a Rising Star of Trading and Execution by The TRADE at Leaders in Trading 2023.
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 assetmanagers and hedge funds.
UK-based boutique fixed income trading desk BlueBay AssetManagement is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income assetmanager, with its traders now working directly alongside RBC BlueBay AssetManagement’sequities desk.
The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two assetmanagement deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker.
Legal & General Investment Management (LGIM) has promoted one of its own to the role of head of US equity and foreign exchange trading, The TRADE can reveal. Gregory Corrigan has been selected to take up the reins for US equity and FX trading after eight years at LGIM.
Nasdaq European Markets selected Matteo Balladori, former head of European business development at Citadel Securities, to join the venue as a senior sales director, The TRADE revealed. He joined Nasdaq European Markets in its European equities sales team based in London after nearly six years at Citadel Securities.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-assettrading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, as revealed by The TRADE. His new role is not yet public but will be communicated in due course.
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. Molloy initially joined as head of corporate actions seven years prior.
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