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BNP Paribas has entered into a definitive agreement to acquire 100% of AXA InvestmentManagers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.
Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny AssetManagement. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny AssetManagement in 2021 as a trader.
Saphyre’s technology manages the onboarding and maintenance of custody, broker trading, and buy-side accounts. Having Capital Group, a top five financial investmentmanagement firm, join this endeavor is incredibly exciting,” said Stephen Roche, president and co-founder at Saphyre.
Deutsche Börse Group subsidiary SimCorp and infrastructure and technology provider for digital assets, Alloy, have entered a strategic partnership to assist SimCorp clients with managing digital assetinvestments. Alloy’s clients consist of a range of firms including family offices, hedge funds and listed assetmanagers.
Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland AssetManagement, working on the multi-asset global trading desk.
There’s already a huge section of the assetmanagement community and the asset servicing community, including Northern Trust, that are established in Singapore as large parts of their global operations.” This year, the industry has seen interest in Singapore grow from the buy-side too.
Specialist multi-assetmanager Candriam and its parent company New York Life Investments have expanded their partnership to grow their remit in the US offshore market. Following the expansion of the partnership, the pair will offer solutions and services to non-US resident investors who invest through US intermediaries.
Up against other individuals from Invesco, Liontrust AssetManagement, Baillie Gifford and State Street Global Advisors (SSGA), Nutting took home the award after an industry-wide vote. In 2016, Nutting moved to Principia InvestmentManagement Limited where she was an execution trader and fund manager assistant.
Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all assetmanagers having to pay for research in cash only. European assetmanagers looking for diversity and greater competition in US broker research will also be impacted by the lapse. Therefore, today we lapse.”
Elsewhere, Kirk is set to oversee and enhance Tourmaline’s services in support of assetmanagers globally as part of his new role. BlueCrest Capital Management’s new company, FX trading technology platform BlueX, has appointed Graham MacGregor as chief executive officer.
I’ve always worked in the assetmanagement industry, starting my first job at 18 with Scottish Amicable InvestmentManagement in Glasgow. From the banking team at Scot AssetManagement, I moved firms in 1999 to take up a role in trade settlements. What has your journey to the trading desk been like?
The active investmentmanager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. She joined Ninety One in 2021 from Royal London AssetManagement where she had been head of dealing for three years. Gibson is a seasoned trader with an extensive career in markets.
Examples just from just the last six months include UK-based investmentmanagement firm Waverton – which has £9.1 Examples just from just the last six months include UK-based investmentmanagement firm Waverton – which has £9.1
The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two assetmanagement deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker. stake in the company.
That line-up is largely made up of independent firms, prime brokers and custodians, all of whom are enjoying a piece of the growing pie, with their own strengths and weaknesses. Raymond McCabe, founder and managing partner of Outset Global, highlights how a dozen of its frontline traders are “pure buy-side” from “big desks”.
JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investmentmanagement platform LayerOne Financial. Users will be able to send orders to their brokers, manage positions, monitor portfolios, and conduct risk assessments and compliance checks from a unified platform.
For some assetmanagers and hedge funds, the seemingly impossible notion of all traders not physically sitting together on a centralised desk and communicating face-to-face was all but wiped away overnight as the hybrid working setup was forcibly tested and passed with flying colours.
Read more: Head of UBS outsourced trading offering departs Prior to joining UBS, London-based Power served as a global multi-asset and derivatives trader at Newton IM, and before that as head of trading at Standard Life Investments. UBS had not responded to a request for comment at the time of publishing.
As part of the integration, OptimX is now a certified sweep partner on Charles Rivers investmentmanagement system (IMS) meaning Charles River institutional clients can now access OptimX liquidity via their desktops.
The highly anticipated award for Trader of the Year – Long Only went to Chris Fiorito of River Road AssetManagement. Elsewhere within the buy-side category, Balyasny AssetManagement took home the award for Trading Desk of the Year, while T. Rowe Price was awarded Fixed Income Trading Desk of the Year.
Lisa Danino-Lewis, chief growth officer, CLS In 2024, weve witnessed a continuation in the buy-sides emphasis on adhering to best practices for mitigating settlement risk to meet regulatory expectations and to ensure robust risk management practices.
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