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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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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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Prime brokerage: The intersection of challenge and opportunity

The TRADE

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.

Broker 111
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JP Morgan OEMS Neovest acquires LayerOne Financial to bolster hedge fund offering

The TRADE

JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investment management platform LayerOne Financial. The deal is intended to allow the multi-asset and broker neutral order and execution management platform to offer integrated execution, order and portfolio management services.

Funds 57
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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

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BNY Mellon combines market offerings through Global Markets Trading integration

The TRADE

Read more: Fireside Friday with… BNY Mellon’s Geoffrey Yu BNY Mellon’s execution offering provides clients with access to a liquidity pool which leverages the firm’s client footprint consisting of asset managers, asset owners, alternatives, banks, broker dealers and wealth clients.

Trading 67
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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 62