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RBC CapitalMarkets RBC CapitalMarkets has appointed Ralph Boumalham as director and head of European leveraged loan trading, according to a memo seen by The TRADE. He has also previously held senior associate and associate positions covering portfoliomanagement at Pimco.
BNY Buy-side Trading Solutions Legal & General Investment Management (LGIM) equity and foreign exchange trader Jamie Jones is set to leave the firm to join BNY’s expanding outsourced trading refit, as revealed by The TRADE. During his time at Stifel, Kilfoy served as a managing director in trading, covering liability and sales trading.
Natalie Khoury has joined Goldman Sachs as an Asia equity sales trader, based out of New York. She joins from Berenberg CapitalMarkets, where she had been working as an equity sales trader for the last year. She has also worked as a portfoliomanagement trading assistant at the firm, based out of Philadelphia.
Read more: Rising Stars of Trading and Execution 2025 nominations now open Previously in his career, Diallo has served as an investment manager at ADQ, senior trader and portfoliomanager at Azimut Investments, and equity trader at Avalon CapitalMarkets.
Jay Woods, chief global strategist at Freedom CapitalMarkets Investor Jay Woods selected three technology names within his top five stock picks: Nvidia, Amazon and Cisco. The most popular stock among these professionals was Nvidia, with three investors highlighting the chipmaker.
Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa CapitalMarkets Europe, The TRADE can reveal. He began his career as a junior portfoliomanager at RSA covering US equities.
RBC CapitalMarkets appointed Mitul Patel director, central bank sales, based in London. He joins from HSBC, where he most recently he held responsibility for primary coverage on G10 rates for reserve managers and UK real money clients. Fidelity Investments appointed Sarah Lambert senior trader, based in Boston.
According to an update on his social media, Jack Boland has joined Ilex Capital in a US equity trading and global equity capitalmarkets role. Prior to joining Citadel in 2019, Boland spent five years at BlackRock as an associate and later a trader and just under a year at HBK CapitalManagement as a trader before that.
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 asset management. The majority of asset manager have already started on this journey.
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 asset managers, including Generali Insurance, Vanguard International and Schroders.
RBC has appointed Guy Chalkley as managing director, UK flow rates sales, according to an internal memo seen by The TRADE. Chalkley brings more than three decades worth of financial services to the role, in both portfoliomanagement and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.
Elijah Ibrahim Diallo has joined Magellan Capital as a multi-strategy trader, based in the UAE. He most recently served as an investment manager at ADQ and before that spent two and a half years as a senior trader and portfoliomanager at Azimut.
Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management, joined Titan Investment Solutions as a junior portfoliomanager and trader. He will also be involved in the ongoing management of the Titan Hybrid Capital, Core Credit, and Short Duration IG income funds.
Jack Boland joined Ilex Capital in a US equity trading and global equity capitalmarkets role. Prior to joining Citadel in 2019, Boland spent five years at BlackRock as an associate and later a trader and just under a year at HBK CapitalManagement as a trader before that.
i] Despite the focus of recent media attention on fintech firms, I predict 2018 will see a resurgence for wealth management incumbents who are now making headway on their own digital wealth platforms. And with 291.3 million fintech users projected by 2022, I don’t expect those headlines to slow down anytime soon. [i]
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT).
The solution connects Bloomberg’s fixed income execution management system, TSOX and &P Global Market Intelligence’s InvestorAccess platform. Through this integration, users can benefit from an end-to-end primary markets workflow to more efficiently process orders and allocations.
LiquidityBook is set to acquire boutique capitalmarkets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities. As a result, LiquidityBook’s LBX suite has become a full-featured Portfolio, Order and Execution Management System (POEMS) with an embedded FIX network.
PortfolioManagement Merchant banking companies provide portfoliomanagement services to high -net-worth individuals and corporate investors. These services include a selection of securities, portfolio monitoring and review, advice on the rationalization of portfolios, and tax planning.
Smith brings more than 30 years’ experience in the capitalmarkets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. He joins from ED&F Man CapitalMarkets, a company he founded.
During his time with the asset manager, 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.
Titles and groups are quite standard in IB but vary more in commercial banking (CB), and entry-level roles include everything from underwriters to credit officers to treasury officers/analysts and relationship managers; most people start as underwriters. GPA, and maybe a previous accounting or credit internship.
When it comes to desk organisation, where derivatives fit in has been a key focal point for firms in recent times, with key buy-siders unpacked their approach to managing the evolving asset class on a TradeTech panel this week. Trading has to adjust,” added Boess.
What drivers are shaping the future of wealth management and advice across Europe? Our recent research study, Creating the wealth management firm of tomorrow , conducted jointly with PIMFA aimed to provide some answers. So, what technologies are leading the charge to wealth management’s digital future?
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. Like many managed services, a provider needs to have scale and be able to deliver a quality offering combining client service, technology and trading expertise.
Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. That’s why the money’s with them and they will probably attract even more capital.
The narrative of the service being used solely by smaller hedge funds has been replaced by suggestions that outsourced trading is gathering pace among larger fund managers. Raymond McCabe, founder and managing partner of Outset Global, highlights how a dozen of its frontline traders are “pure buy-side” from “big desks”.
With the advent of an ever-more technologically innovative and globally connected capitalmarkets sphere, fixed income emerging markets (EM) have demonstrably become an increasingly appealing area of interest for investors.
It is rare, for example, that you’ll find an asset manager worrying about the good of the market or how an order might influence the primary lit market share, over whether or not they have achieved the optimal outcome for their portfoliomanager and end investor. They’re built for slightly different purposes.”
Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. Conditional orders Conditional orders do what they say on the tin.
At the heart of financial management and investing lies a crucial question: " How can we maximize returns while minimizing risk?" This question paved the way for the birth of the Modern Portfolio Theory (MPT) , introduced by economist Harry Markowitz in the 1950s.
Magnus Haglind, head of products for marketplace technology, Nasdaq The first wave of gen-AI use cases across capitalmarkets technology has sparked widespread energy and excitement about its future potential. In 2025, organisations will be looking to scale the use cases that have shown the greatest potential.
Amundi Technology has partnered with capitalmarkets trading and risk solutions provider Murex to deliver OTC derivatives capabilities to investment managers. The integration of Murex’s market-leading OTC derivatives capabilities will support ALTO client expansion into the most complex portfolio strategies.
TD Securities has named Greg Levett, Neil McKay and David Abraham as the new managing directors of its event driven sales and trading team, with all three new hires transferring from BTIG.
Harry Williams has joined RBC CapitalMarkets as a credit trader, following on from his previous role at MUFG, The TRADE can reveal. Prior to his time at MUFG, he worked at UBS for a year, covering global fixed income portfoliomanagement. RBC CapitalMarkets had not yet commented by the time of publication.
RBC CapitalMarkets Harry Williams has joined RBC CapitalMarkets as a credit trader, following on from his previous role at MUFG, as revealed by The TRADE. Prior to his time at MUFG, he worked at UBS for a year, covering global fixed income portfoliomanagement.
However, in todays competitive and cost-sensitive capitalmarkets efficiency is paramount, and automation typically returns quickly as markets stabilise. For trading and portfoliomanagement, AI will be deployed, providing real-time analysis and algorithmic enhancements as part of the decision-making process.
While the regulatory landscape has been challenging incountries like China,South Korea and India, we are seeing tremendous wealth creation in markets such as India and Southeast Asia. Elsewhere in Asia, the capitalmarkets emergence from a decade-long low interest rate environment has been slower.
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