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People Moves Monday: Millennium, Schroders Wealth Management, Northern Trust Asset Management and more…

The TRADE

Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.

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Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing

The TRADE

Eurex Clearing announced it was shutting down its Securities Lending CCP service in 2021 following low clearing volumes and a prioritisation of other businesses. In Europe, there have been multiple failed attempts to successfully introduce and maintain SFT clearing.

Finance 69
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Kepler’s Ellipsis AM set to acquire Rothschild AM convertible bond business

The TRADE

Kepler Cheuvreux subsidiary Ellipsis Asset Management has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfolio managers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.

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Natural block liquidity is shifting Canadian equities towards e-trading, finds report

The TRADE

Read more: E-trading platforms experienced increased share of US equity trading volume in 2023 Asset managers and brokers have been driven to automate their trading workflows and accomplish more with less to cope with reduced commission rates, budget restrictions and smaller teams.

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Redburn Atlantic expands UK and European execution business with new heads of sales trading

The TRADE

Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management. Demoulin joined Redburn Atlantic in 2021 having previously served as head of dealing at Verrazzano and as a senior dealer at FrontPoint Partners.

Sale 59
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Chasing innovation on Robeco’s global equity trading desk: ‘In order to stay good, we need to become better’

The TRADE

Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.

Trading 59
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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024.

Funds 69