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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.
James Kirk has joined independent outsourced trading services provider Tourmaline Partners as managing director, according to an announcement on social media. Earlier this month he announced his departure from Liquidnet where he most recently served as co-head of trading for EMEA for two years, having originally joined the business in 2015.
Liquidnet’s co-head of trading for EMEA, James Kirk, has departed for pastures new, The TRADE can reveal. He departs after spending the last two years as Liquidnet’s co-head of EMEA trading, according to an update on social media. When I joined, we were doing only a handful of trades a day on the execution desk.
Barclays selected an internal candidate and a new hire from BNP Paribas to become its new co-heads of G10 FX trading. New co-heads Torsten Schöneborn and Jerry Minier will be London-based, reporting to Michael Lublinsky, global head of macro, according to an internal memo seen by The TRADE. His next role is unconfirmed.
Christoph Hock, head of multi-asset trading at Union Investment, accepted the Lifetime Achievement Award at The TRADE’s Leaders in Trading 2023 gala awards ceremony last night. The TRADE would like to extend its congratulations to Hock for his long-standing commitment and service to the industry.
However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. Specifically, Collery highlighted the important role of portfolio managers and a proactive approach to forging those key relationships.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 8 November. Congratulations to this year’s shortlisted nominees!
The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape. From GATT to WTO The WTO, born out of the General Agreement on Tariffs and Trade (GATT) , has been pivotal since its inception in 1995. GATT’s initial role was to regulate international trade post-WWII.
Ninety One trader Tom Nickalls is set to leave the asset manager after 11 years to join Morgan Stanley, The TRADE can reveal. I knew almost nothing when I joined, but got my head down, and with the support of the people around me was able to move through the company and eventually land on the trading desk.”
What has your journey to the trading desk been like? I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. There’s a very healthy dialogue at all times at both the portfolio-level and the position-level. We are nimble and agile. What is the core skillset for someone in your role?
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. He was recognised as a Rising Star of Trading and Execution at Leaders in Trading in 2021.
ICE RMA – part of the ICE Bonds’ suite of trading protocols – is used in dealer-to-dealer fixed income trading. Initially launched in 2015, the service now conducts multiple auctions each week, with 50 registered firms and more than 400 connected users.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. Earlier in his career, Hinxman also held senior positions at CME Group before departing in 2015, most recently working as head of sales and commercial development for CME Europe.
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years, as part of streamlining measures. Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker, who has been in the role since 2011.
The oil price drop in 2015-2016, for example, forced many firms to adjust their budgets to the new market reality. Here, the aim is to track the performance of portfolio companies and ensure they are operating at peak efficiency. Periodic Review and Adjustment: Budgets aren't static.
In November 2015 they launched the Edge Creative Enterprise Fund, a £40m fund with backing from the British Business Bank. It was an early investor in Babylon Health, Darktrace and Deliveroo, and its portfolio companies have grown to an aggregate value of over $7bn.
The case arose out of a 2022 stock-for-stock transaction in which the Company acquired a portfolio company of Apollo Global Management, Inc. Furthermore, as is customary, the provision only restricted a trade to an investor who was known to be on the SharkWatch list. Size of the investment probably also mattered to this decision.
The sale of a publicly traded company in the US will generally require the approval of the holders of a majority of the voting power of the company’s outstanding shares as a precondition to the sale’s completion. [5] Voting agreements in public M&A transactions. Stockholder litigation. As always, ambiguity begets litigation. Bill Roegge.
A private equity investor’s track record in structuring their investments conservatively, supporting sustainable growth at their portfolio companies, and adhering to a set of established investment principles throughout the economic cycle has great importance. It was immediately successful, with take-up almost trebling from day one.
This realisation became one of the catalysts which has sparked more of an acceptance of outsourcing parts of the trading desk among buy-side firms, something which many once considered – though some still do – an unthinkable concept. Outsourced trading is no longer a taboo topic. It’s no longer all or nothing.
billion sale of portfolio company Adenza to Nasdaq – PE-backed tech exits also took a hit in 2023, with total deal values declining 35% versus 2022. [2] Despite some isolated bright spots – such as Thoma Bravo’s $10.7 6] Will strategic tech buyers return to the fray in 2024?
Overcoming Marketplace Uncertainty Rising interest rates introduced a difficult environment for private equity recapitalizations (where private equity groups sell a portfolio company to another buyer), so few of the older PE-backed ophthalmology organizations traded hands over the last few years. dental).
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