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People Moves Monday: RBC, UBS, Balyasny Asset Management and more…

The TRADE

James Hilton was appointed multi-asset managing director in RBC’s low touch team, joining from Credit Suisse, where he had been serving as head of sales for EMEA for the bank’s advanced execution sales (AES) team. Balyasny Asset Management appointed Harrison Chesterton as associate director within its equity finance trading division.

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Asset manager consolidation wave continues as two deals announced in 24 hours

The TRADE

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker.

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BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV

The TRADE

By joining forces with BNP Paribas, AXA IM would become a global asset manager with a wider product offering and a mutual objective to further their leading position in responsible investing.” billion, and Deutsche Bank agreeing to acquire institutional broker Numis in a £410 million deal. The post BNP Paribas to pay €5.1

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

The TRADE

Elsewhere, the service looks to bring a range of capital and operational advantages, including savings from cross-margining between cash equities and SFTs, greater settlement efficiencies, elimination of agent lender disclosures, and improved practices around fees management and corporate actions.

Finance 69
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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

Previously in his career, he served as president and chief executive of TD Ameritrade Holding Corporation for eight years and as vice chairman of TD Bank Financial Group. Among the asset management bands that were merged were Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.

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People Moves Monday: ODDO BHF, Deutsche Bank and Jefferies

The TRADE

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

Banking 64
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Virtus Diversified REIT announces acquisition of free-standing Walmart property

Global Newswire by Notified: M&A

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is proud to announce its latest strategic move in expanding its portfolio with the acquisition of a free-standing Walmart tenanted property located in Flin Flon, Manitoba. We originally tied up this property for $5.25