This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The global head of capitalmarkets at German assetmanager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years.
Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and assetmanagers demonstrating interoperability of independent distributed ledger applications (dApps) in the capitalmarkets domain.
The financial services industry—including assetmanagers—has had an interesting relationship with Silicon Valley. Assetmanagers should not assume that these tech giants will look past this industry. This is just what Alibaba, an Amazon-like tech firm in China, did when it entered the mutual fund business in that market.
Generative AI (gen AI) is predicted to impact over two-thirds of all functions across the capitalmarkets industry, suggesting that the technology has the potential to significantly transform all its segments—including assetmanagement. The majority of assetmanager have already started on this journey.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assetsmanaged by Mesirow, an independent financial services firm. Nearly $6 billion of assetsmanaged by the acquired team will transfer to MIM, under the terms of the transaction.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. As part of the role, he helped enhance Barclays’ custom baskets business. Northern Trust AssetManagement appointed Naoto Komoro to lead its assetmanagementbusiness in Japan.
James Hilton was appointed multi-assetmanaging 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 AssetManagement appointed Harrison Chesterton as associate director within its equity finance trading division.
Alex Livingstone, formerly head of trading for ETFs and FX at Titan AssetManagement, joined Titan Investment Solutions as a junior portfolio manager and trader. He will also be involved in the ongoing management of the Titan Hybrid Capital, Core Credit, and Short Duration IG income funds.
Ryan O’Connor has left Goldman Sachs AssetManagement and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Ryan O’Connor left Goldman Sachs AssetManagement and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Some 83% of assetmanagers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.
The service also supports key regulatory initiatives including EMIR, CSDR and the Securities Financing Transactions Regulation (SFTR), with the aim to help promote transparency, market integrity and the competitiveness of European capitalmarkets. “We However, the group now believes it has the correct recipe for success. “We
If you think the cost of doing business is rising, here’s another element to consider. Only this one does not come about by market forces, but rather by menaces in the netherworld. The genesis is the online environment – that powerful capability at our fingertips we depend on for so many facets of our business and everyday lives.
Previously in his career, Paparella ran the institutional structured products Latin America desk for RBC CapitalMarkets. He also previously served as managing director at both American Express Bank International and Deutsche Bank, Argentina. Before that, she co-founded Vicenda AssetManagement in Zug, Switzerland.
What do medium to big-sized businesses have? Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. Merchant banking is a special branch of banking that provides financial services to medium to small-sized businesses.
Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.
I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capitalmarkets function and I assist in origination. Our public positions and investments have originated through a rigorous capitalmarkets process. There’s been a reopening in capitalmarkets.
Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capitalmarketsbusiness. In his new role, Fannin will be responsible for innovation and business growth across Northern Trust’s suite of GFX and securities finance solutions.
But what does the persistent evolution of AI mean for capitalmarkets specifically? Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O AssetManagement, asserts that there is a definite place for artificial intelligence within capitalmarkets and the time for adoption is now. “[Gen-AI]
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC CapitalMarkets where she previously served as co-head of equities electronic sales and trading.
UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.
RBC BlueBay AssetManagement equity trader, Michael Tamou, left the assetmanager to join Qube Research & Technologies (QRT). He originally joined the assetmanager as an investment operations analyst in 2020. Throughout his career Jenkins has also worked at SWIFT, Macgregor, and AXA Investment Managers.
Redburn Atlantic has expanded its UK and European execution business with two new heads of sales trading. Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon AssetManagement. Tony Atkins was appointed UK head of sales trading.
RBC CapitalMarkets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He has been appointed senior trader at Norges Bank Investment Management, based in New York.
Justin Llewellyn-Jones, head of capitalmarkets, North America (equities, FX and derivatives) and chief product officer for capitalmarkets at fintech firm Broadridge announced his departure after more than four years with the business. He began his career as a fixed income support analyst at JP Morgan.
Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.
Deutsche Bank has re-entered the local DCM in South Korea as it expands its investment banking capabilities in the region in a bid to support its local clients in accessing global debt capitalmarkets. It also provides assetmanagement services to its South Korean clients through Deutsche Bank subsidiary, DWS.
According to an update on his social media, Taitz joins buy-side OEMS provider Adroit as its head of business operations after seven and a half years with Invesco helming its fixed income trading business. During his time with the assetmanager Taitz was responsible for Invesco’s fixed income trading desks in the US, UK and Hong Kong.
Robotics Process Automation (RPA) is the application of robotics technology to manipulate existing application software which completes a business process. Business-led, integrated approach. Not only could it help manage cost pressures, it could also help reduce errors, improve compliance, and simplify overall business complexity.
Assetmanager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa. He takes up the role after 26 years at the business. Simmons previously held positions at Charles Stanley & Co. and Lloyds Banking Group, before joining J O Hambro in 2018. He will report to Blatch.
He joined Cowen as managing director for fixed income outsourcing in February 2022, transitioning to commodities specialist Marex as part of the sale of Cowen’s outsourced trading and prime brokerage business at the end of last year. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.
Taitz joined buy-side OEMS provider Adroit as its head of business operations after seven and a half years with Invesco helming its fixed income trading business. During his time with the assetmanager, Taitz was responsible for Invesco’s fixed income trading desks in the US, UK and Hong Kong.
“One of the key reasons Singapore is an attractive market is it’s pretty well positioned, as it shares the same time zone as Hong Kong,” Gerard Walsh, global head of capitalmarkets client solutions at Northern Trust, told The TRADE.
According to an update on his social media, Federico Grasso has joined BlackRock’s Aladdin as vice president in engineering solutions after spending the last year at FlexTrade, in a pre-sales role for its buy-side order management system business, FlexONE. Previously he also served across ANIMA AssetManagement and Mediobanca.
The year ahead will be busy for institutional investors and pension funds as they navigate political turbulence and speculations around when the economic cycle will shift. The industry is rethinking how to manage the generation, storage, transformation, usage and retirement of both structured and unstructured data.
He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed. Previously in his career, he spent almost a decade at the assetmanager in an equity trading role until 2006 and later spent nearly four years at SEB.
We fully integrated our financing and securitisation capabilities within our marketsbusiness and we started to see the benefits of having a unified spread product offering for our clients,” said Citigroup managing director Jane Fraser speaking in the Q1 earnings call. Jefferies Jefferies’ results saw a net revenue of $1.74
“The strengthening of Abu Dhabi’s dynamic capitalmarket will serve to support the long-term sustainable growth of the UAE economy and the exchange will continue to explore partnerships that support both regional and global connectivity as well as a deeper and more liquid market.”
Changes to UK trade reporting requirements will provide a clearer insight into how much business is done away from the public markets, which may court some regulatory attention. Despite the ongoing uncertainty for participants, 2024 promises to be another eventful year for Pan-European market structure.
LiquidityBook is set to acquire boutique capitalmarkets 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.
As world leaders gathered in Dubai for the COP28 summit last month, the battle against climate change has returned to the top of the public, political and business agendas. Investor appetite for such investments is rapidly increasing, as banks, assetmanagers and large corporates all seek ways to invest in sustainability.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. And soon, it may no longer be just a service that applies to smaller fund managers. Many noted how they were using the service for supplemental overflow and as part of their business continuity plans.
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. Can everyone keep up with the increasing multi-asset and geographic demands? Could this sticky business start seeing clients switch providers, or even insource?
Firms have lowered hold sizes and increased loan prices as they lean toward smaller transactions, team up with other lenders on deals, shy away from unfunded debt and turn up scrutiny on business performance. billion for West Street Mezzanine Partners VIII. West Street VII closed with $13 billion in 2017.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content