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Perpetual Group has merged its existing regional assetmanagementbusinesses to form one global division led by a newly created role of chief executive of assetmanagement. The Group owns assetmanagement bands including Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.
State Street’s Charles River is set to manage the front-office operations for Perpetual Group’s Australian assetmanagementbusiness. We are pleased to extend Charles River into Perpetual’s Australian assetmanagement front office.” billion AUM as of 31 December 2023. billion AUM as of 31 December 2023.
Perpetual merges regional assetmanagementbusinesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assetsmanagementbusinesses to form one global division in August.
Edmond de Rothschild AssetManagement has appointed Regine Wiedmann as head of distribution for the DACH region. She will report directly to Marie Jacot, global head of distribution at Edmond de Rothschild AssetManagement, and will be based between Frankfurt and Geneva.
Brokerage business MIT SIM has appointed Neil Terence O’Connor as equity trader. Milan-based O’Connor joins following almost 15 years at ACCIONA Group’s Spanish assetmanager, BESTINVER. He most recently served as e quity sales trader, leveraging key knowledge of the Italian, Swiss, US and UK markets.
He also previously served as managing director at both American Express Bank International and Deutsche Bank, Argentina. Edmond de Rothschild AssetManagement appointed Regine Wiedmann as head of distribution for the DACH region. Before that, she co-founded Vicenda AssetManagement in Zug, Switzerland.
Andrew Jackson Vontobel AssetManagement has appointed ex-Credit Suisse senior executive Andrew Jackson, as its new head of fixed income, replacing Simon Lue-Fong who is departing after three years in the role. A spokesperson told The TRADE that Jackson will oversee a team of 39 investment professionals in his new role.
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’s equities desk.
BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously, Williams served as an investment account manager at Northern Trust.
Former BlackRock Aladdin business development managing director for EMEA, Keith Viverito, joined Clearwater Analytics to support its global expansion plans. Viverito joined Clearwater as managing director for EMEA and will be responsible for strengthening the firm’s go to market strategy in the region and Asia Pacific.
Van Suchtelen joined LedgerEdge from boutique trading firm SFI Markets – formerly STX Fixed Income – where he was responsible for the Northern European market. Before that, he held senior positions at ATC Financial Solutions and Wallich & Matthes, where he set up the asset back securities desk.
LiquidityBook is set to acquire boutique capital markets 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.
Polar Capital’s head of trading Alex Jenkins has left the boutique hedge fund to join rival Millennium later this year, The TRADE can reveal. Jenkins has been head of trading at Polar Capital for three and a half years, joining in 2019 after serving with Highbridge Capital Management for five years as its head of European trading.
Boutique independents and the largest financial services providers co-exist in this burgeoning space which has some elements of comradery and others of fierce rivalry. New entrants are pouring into this space as demand increases exponentially with each passing year, and there’s certainly enough business to go around at present.
Two relevant internships in 1L and 2L, such as at a restructuring boutique bank and a PE or credit-related one. If the Secured Debt rises to 98% and the Unsecured Debt rises to 80%, the fund will earn ~9% and ~33% , respectively, minus the hedging costs.
Beginning her career on the buy-side at boutiqueassetmanager Credit Suisse First Boston as an investment portfolio analyst in London in 1986, Ruffles has seen the markets through several highs and lows. In Europe, for our style of business we don’t use portfolio trading that much. A novel concept to greener traders.
All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates. No Return Offer” Policy – Some boutique banks hire interns but never plan to bring them back full-time. If you’re in this category, at least it’s easy to explain in interviews!
Finally, the hours are significantly better in wealth management because you don’t do that much work outside of normal business hours. The Top Firms in Wealth Management vs. Investment Banking Most people would say the top investment banks are the bulge brackets and elite boutiques , at least for entry-level roles.
Equity research recruiting tends to be less structured, though the bulge bracket banks and elite boutiques still run traditional processes that start over a year before summer internships. On the other hand, weekend work is far less common, so its easier to shut off outside of business hours.
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