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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. DWS declined to comment.
MetLife InvestmentManagement (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. Before joining MEAG, Malakis held senior sales positions with international assetmanagers, including Generali Insurance, Vanguard International and Schroders.
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 InvestmentManagement, based in New York.
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. Previously in his career, he spent a year as an operation analyst at Liquidnet.
I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I was at Bear Stearns through the JP Morgan integration, and I would have been a Bear Stearns lifer had it not been for the intriguing opportunity to join Credit Suisse as a multi-asset and special situations spokesperson across all products.
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. Legal & General InvestmentManagement (LGIM) promoted one of its own to the role of head of US equity and foreign exchange trading.
During his time with the assetmanager, Taitz was responsible for Invesco’s fixed income trading desks in the US, UK and Hong Kong. Prior to joining Invesco in 2016, Taitz spent two and a half years at RBC CapitalMarkets in a fixed income role and 10 and a half years at UBS Investment Bank as an executive vice president.
“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. This year, the industry has seen interest in Singapore grow from the buy-side too.
The traditional RPA approach used by large financial services players usually doesn’t easily work in institutional investing. This is mostly because a large share of the total spend is related to front-office costs that RPA does not address, such as staff compensation, investmentmanagement fees and deal costs.
Players are also investing in a range of solutions, like data lakes, to generate new data-driven insights that are relevant to the core business, such as using artificial intelligence (AI) to manage foreign exchange based on macroeconomic data and country sentiment intelligence. A strong push to refocus on investmentmanagement.
For instance, Ridgemont Equity Partners ‘ January investment in food distributor Worldwide Produce was supported by six direct lenders including Ares Capital Corp. , NXT Capital LLC , Kayne Anderson Private Credit, Manulife InvestmentManagement , PNC Erieview Capital and Yukon Partners Management LLC.
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. The list goes on.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. Examples just from just the last six months include UK-based investmentmanagement firm Waverton – which has £9.1
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.
Seilern InvestmentManagement appointed John Grant as its new head of trading. He most recently served as trading and operations manager, with responsibilities covering the management of trade execution and investment operations. Grant was promoted to the role, having spent six and a half years at the firm.
Magnus Haglind, head of products for marketplace technology, Nasdaq The first wave of gen-AI use cases across capitalmarkets technology has sparked widespread energy and excitement about its future potential. We have seen early applications of GenAI in the areas of market observability, risk assessment and operational efficiency.
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.
Liontrusts chief commercial officer and former head of trading, Matt McLoughlin, left the UK-based assetmanager after 10 years, The TRADE revealed. Under his stewardship, Liontrust was awarded The TRADEs Multi-Asset Trading Desk of the Year and Mid-Cap Trading Desk of the Year in 2022 and 2017 respectively.
Prior to joining the firm, 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. Power has also worked in derivatives-related positions at various firms, including: Ignis AssetManagement, Axial InvestmentManagement, and RBS.
Beginning his career in 1990 as an FX dealer at Bank of America in Sydney, Grady has spent almost four decades working in financial markets across the globe. After two years in his first role, Grady moved to Bankers Trust AssetManagement where he spent four and a half years as an international equity dealer also based in Sydney.
Central clearing will play a key role in this debate, which will be essential for advancing the region’s capitalmarkets, and we look forward to Emir 3.0 This conversation is especially relevant as cross-border transactions grow in volume and as assetmanagers expand their investment in international markets.
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