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Brown Brothers Harriman (BBH) has expanded its relationship with Japan-based Resona AssetManagement to include BBH’s automated third party FX solution, InfoFX. Munenori Yoshihara, BBH The development sees Resona become the first Japanese investment manager to implement the FX solution.
Rokos Capital Management has appointed Sabina Awan as trading solutions consultant, based in London. Most recently, she served as head of strategic initiatives for global trading. Prior to that, she worked as global trading business manager. Awan announced her appointment in a social media post.
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and assetmanagement firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed.
Athina Trika Speaking to The TRADE, Athina Trika, CFA, execution sales at Kepler Cheuvreux, explained: “KCx’s Analytical Suite is a significant step toward increased transparency, opening up a broad prospect of opportunities for flexible and agile data sharing.
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.
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 capital markets domain. It’s having that interoperability while preserving the privacy and control.”
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.
Liontrust AssetManagement’strading for investment funds and institutional accounts has been officially outsourced to BNY. John Ions Liontrust announced that it was exploring outsourcing parts of its trading to BNY back in January, with initial plans at the time stated to be covering non-UK activity.
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.
Singapore-headquartered fund manager APS AssetManagement has adopted order and investment management technology solution, Bloomberg AIM, to automate its post-trade workflows. We are proud that our partnership with APS AssetManagement will help them scale and automate workflows.”
Impax AssetManagement has entered into an agreement to acquire the corporate credit assets from fixed income manager Absalon Corporate Credit, part of Formuepleje Group. Upon completion, Impax’s newly combined global team will have pro-forma fixed income assets under management and advice of £1.6
More than a third of FX trades from European assetmanagers would have to settle outside CLS following the US shift to T+1 and therefore carry increased risk, a leading association has found through new research. T+1 implementation today does not represent an absolute reduction of risk in the system.
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.
Nikko AssetManagement is set to rename itself as Amova AssetManagement on 1 September 2025. The post Nikko AssetManagement to rename as Amova AssetManagement appeared first on The TRADE.
Sand Grove Capital Management has selected HUB, a cloud-based post-trade platform, to automate and optimise its reporting workflows. The London-based alternative investment firm, which manages $1.2 The post Sand Grove Capital taps HUB for post-trade automation appeared first on The TRADE.
Saphyre has partnered with BlackRock to integrate services with the firms end-to-end assetmanagement platform Aladdin. Our partnership with Aladdin represents a pivotal evolution for Saphyre, building on our already extensive network of top-tier investment managers and financial institutions, said Ray Shivers, COO of Saphyre.
Stuart Lawrence has been appointed head of European equities trading at UBS AssetManagement four and a half years after he joined the firm in June 2019. He was most recently head of UK equity trading at UBS AssetManagement, having previously served as a high touch equity sales trader at Kepler Cheuvreux.
Michael Lam has joined TT International as a senior trader, following three and a half years at Jupiter AssetManagement as a fixed income trader at the firm. The post Jupiter AssetManagement trader joins TT International appeared first on The TRADE. London-based Lam announced his new role on social media.
Eurex has welcomed Santander AssetManagement as a global player in its listed FX segment. Imanol Urquizu The Spanish assetmanager has begun to expand its FX futures business to Eurex, supported by Banco Santander as clearing member and Deutsche Bank as liquidity provider.
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.
According to the businesses, the aim is to “revolutionise India’s assetmanagement industry and transform financial futures” through combining the scale and investment history of BlackRock, with the technology resources and local market knowledge held by JFS. Once in operation, the new business will have its own management team.
How is trading talent set to evolve going forward? The future trading talent has a different educational background than what has been the norm for decades. How do you expect the trading role to change further in light of automation and AI developments? What is the best piece of advice you have been given in your career?
As ESMA’s review of European Union’s post-trade transparency regime enters its final stage, European trade associations have stressed the importance of credit ratings in underpinning the success of the EU post-trade transparency framework for corporate bonds.
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.
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.
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. Matt Burgess will support Hillier in managing the global equity team, as well as continuing as head of quant strategies.
Digital platform FactSet is set to integrate LoopFX into its foreign exchange execution management system (EMS) platform – Portware, with go-live set for H1 2024. The post FactSet FX trading platform to integrate LoopFX appeared first on The TRADE.
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.
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.
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 has appointed Nick Craze head of the EMEA equity trading desk following the promotion of Paul Battams to head of international equity trading, The TRADE can reveal. He will now manage the entire desk, made up of 14 traders, having previously managed a team of six.
State Street Global Advisors and Galaxy AssetManagement have unveiled a new collaboration aimed at bringing investors digital asset-based strategies, offering key exposure to companies involved in the digital asset space. trillion digital asset landscape through manager-directed strategies.
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.
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.
Vahid joins AllianzGI from UBS AssetManagement where he served in a variety of roles over the last 20 years. Prior to that, he served as a portfolio manager for European small and mid-caps as well as a European equities research analyst.
A recent government initiative announced on March 5, 2024 signals that more antitrust scrutiny for private equity firms and assetmanagers is on the horizon.
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.
Jim Kaye, Executive Director at the FIX Trading Community Next year will be the year of preparation. One of the key challenges facing firms is the need for faster and more accurate trade matching. Under the current T+2 cycle, discrepancies in trade details can often be resolved with minimal impact.
Oaktree Capital Management has agreed to acquire Close Brothers AssetManagement (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.
Wells Fargo has appointed Jon Thorne as senior securities sales trading specialist, The TRADE can reveal. Jonathan Tse was appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse.
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 equity trading leadership earlier this year.
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%.
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.
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