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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.
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.
Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capitalmarkets business. Pictet AssetManagement appointed Jade Beckmann as an equity trader. Before joining Bloomberg, Beckmann spent eight months at PwC as a technology consulting analyst.
What is the future outlook for AI use across capitalmarkets? This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capitalmarkets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?
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. As part of the role, Inzirillo will oversee Cboe’s market data and access services, global indices, risk and market analytics and execution solutions services.
On the topic, Rieb-Smith adds: “We’re in an environment where you’ve seen the macro community morph into multi-strats (because they’ve gone into equity strategies whether that be volume, capitalmarkets and ultimately quant). Then you’ve got the quants who have started to look at fixed income products.
The acquisition was completed earlier this month, with operations acquired set to be rebranded as Marex Prime Services and Market Outsourced Trading, with both becoming part of the Marex CapitalMarkets business (formed last year following the acquisition of ED&F Man CapitalMarkets). He will report to Blatch.
David Berney and Michael Broadbent run Ergo Consultancy which delivers what it refers to as provider “beauty parades” for buy-side organisations looking to outsource their trading, whereby it presents all the services in the industry to that assetmanager, hedge fund or asset owner.
Eric Heliene, head of buy-side trading desk, Groupama Asset Management The intensification of financial regulation is a fundamental trend transforming the assetmanagement ecosystem. Another big theme will be the importance of the retail investor, and how European capitalmarkets can grow by better serving this community. Investor
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. So balance is key here: there are obviously benefits to an internal trading desk within an assetmanager or hedge fund, but the same is true of the opposite for many in 2023.
Hayley McDowell, European market structure consultant, RBC CapitalMarkets The buy-side face a dilemma as the UK (and likely the EU) prepare to offer greater flexibility on payments for research. We’ll see the FCA’s Consultation Paper in February or March 2024, with the final UK rules coming at the end of June.
The highly anticipated award for Trader of the Year – Long Only went to Chris Fiorito of River Road AssetManagement. Meanwhile, the award for Trader of the Year – Hedge Fund was given to David Alfred of Conversant Capital. Rowe Price was awarded Fixed Income Trading Desk of the Year.
Read more: A deep dive into the ongoing UK capitalmarkets reform agenda Discussing in more detail what this could mean for the structural make-up of the buy-side in this area, Austin confirmed that there is potential for real change.
The deal will further bolster FIS capitalmarkets technology offering, having acquired SunGard in a major deal back in 2015. As part of the role, Raghavan will serve a broad mandate across both Citadel AssetManagement and Citadel Securities.
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