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BlackRock’s head of electronic trading and market structure for EMEA, Daniel Mayston, has left the assetmanagement giant, The TRADE can reveal. He took on the role of global head of trading research in 2013 before assuming his most recent and current role as electronic trading and market structure head for EMEA in 2016.
” Anima Alternative SGR is the assetmanagement company within Anima Group – the largest independent assetmanagement group in Italy. The post Italian assetmanagement company Anima Alternative SGR adopts Kepler Cheuvreux’s new analytics suite appeared first on The TRADE.
Burke joined MarketAxess from Standard Chartered, where he most recently served as managing director, based in Singapore. Elsewhere in his tenure at Standard Chartered, Burke served as global head of electronic and algo trading, based in London.
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 has also worked for CrossTower and ISE Holdings as global head of product strategy and product management director, respectively.
RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Balyasny AssetManagement appointed Harrison Chesterton as associate director within its equity finance trading division.
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.
Bloomberg AIM and Bloomberg Vault have been adopted by India-based NJ AssetManagement to help enable its enterprise-wide digital strategy across the entire investment workflow. According to the firms, Bloomberg AIM addresses NJ AssetManagement’s specific needs for tools to support rule-based investment decision-making.
Dan Childs departed from his role as managing director, head of European prime services sales, EMEA to join Balyasny AssetManagement, taking on the role of head, cash and liquidity management at the hedge fund. In this new role, Pyrka Turner is based in New York and continues to operate across the Americas region.
Jonathan Tse was appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse. Elsewhere, RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team.
RBC has appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team, The TRADE can reveal. James Hilton has been appointed multi-assetmanaging director in RBC’s low touch team, according to sources familiar with the matter.
His appointment comes as GTN continues its expansion efforts to build a comprehensive electronic trading and investment platform. GTN serves brokers, banks, assetmanagers, and fintech clients. He brought with him more than 25 years’ experience in cross-asset trading for both institutional and retail clients.
Acadian AssetManagement has appointed Jian Du as vice president, senior trader in its Sydney office. Du joins the assetmanager from Goldman Sachs, where he most recently served as executive director of electronic trading, also based in Sydney.
Royal London AssetManagement’s (RLAM) trading team is no stranger to change. The London-based assetmanager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. Instead, they favour electronic methods to find mid-point block liquidity.
Assetmanagers have tapped fixed income, equities and exchange traded funds (ETFs) for their greatest market data spend over the next 12 months, according to a new Coalition Greenwich and SIX report published on 22 August. This has increased the amount of data needed for participants to execute.
When it comes to selecting an algo provider, ease of system use, reliability and quality of technical support was the top consideration for assetmanagers across both sides of the Channel in 2023 – 71% in the UK and 73% in Continental Europe – according to a Coalition Greenwich report.
Acadian AssetManagement appointed Jian Du vice president, senior trader in its Sydney office. Du joined the assetmanager from Goldman Sachs, where he most recently served as executive director of electronic trading, also based in Sydney. Elsewhere in his tenure at Dimensional, he served as an analyst.
Robert Whelan has joined Citadel as equity trader following almost eight years at Pictet AssetManagement. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader. Whelan joined Pictet AM as an equity trader back in 2016.
Appital Insights is now fully integrated with FactSet’s Portware execution management system (EMS), enabling the latter’s assetmanagement clients to access Appital Insights liquidity easily within their EMS. They know that Appital Insights does not impact ‘on-screen’ prices and they retain full control of the order.”
Dom Lowres, head of execution strategy and Matthew West, electronic sales trader, at Liberum are set to join Investec in the coming months to set up a new low touch electronic desk. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum.
According to our internal research, ETFs had over $200 billion of inflows globally, the third highest total on record, bringing the total ETF market to approximately $10 trillion,” said John Plansky, head of State Street Alpha. “By
UK-based boutique fixed income trading desk BlueBay AssetManagement is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income assetmanager, with its traders now working directly alongside RBC BlueBay AssetManagement’s equities desk.
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.
Groupama AssetManagement is set to expand its use of Virtu’s Triton Valor EMS to another asset class, now encompassing fixed income trading. It’s the key to success if we want to enhance the FICC market structure which has largely stayed the same for the last 50 years,” said Heleine.
Euronext Group’s fixed income electronic trading platform MTS has appointed Nick Sollom as head of business development and strategy. He began his career at Fidelity Institutional AssetManagement in 1998, managing institutional client relationships.
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar AssetManagement where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.
What is driving the purported ‘comeback’ of traditional assetmanagers? This alone was enough to make institutional assetmanagers wary of making moves. However, macroeconomic uncertainty, particularly due to historic inflationary pressures and rising yields, kept traditional assetmanagers cautious.
Assetmanager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa. Jonathan Tse has been appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. He will report to Blatch.
Hepsworth was appointed to the desk at the London-headquartered assetmanager after spending the last four and a half years at MarketAxess in a facilitation trading role. UBS has chosen Aleksandar Ivanovic to succeed Suni Harford as president of assetmanagement upon her departure, with the appointment effective from 1 March.
Coalition Greenwich did, however, note that this is a frequent area of concern among assetmanagers, spanning the entire asset class spectrum. Nearly half (47%) cited operations, middle- and back-office and settlement issues as another key pain point.
Kirk is set to oversee and enhance Tourmaline’s services in support of assetmanagers globally as part of his new role, leveraging his experience running programme and electronic/high-touch hybrid trading desks.
The addition of Liquidnet follows Kepler Cheuvreux, UBS AssetManagement and Pictet AssetManagement being named as founding members of Plato Partnerhsip late last year. The post Plato Partnership admits Liquidnet as strategic partner appeared first on The TRADE.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. RBC BlueBay AssetManagement equity trader, Michael Tamou, left the assetmanager to join Qube Research & Technologies (QRT).
Gould joined BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading. He will now manage the entire desk, made up of 14 traders, having previously managed a team of six. Bianca Gould was appointed head of fixed income and equities EMEA, based in London.
Read more: LedgerEdge closes three years after launch “As many of you know, Brian is a proven multi-asset trader and trading technologist with valuable assetmanagement and capital markets experience,” said Stephen Berte, president at BIDS Trading, in a social media post.
HSBC Global AssetManagement has named Aaron Waters head of European equity trading, following three and a half years as head of equity trading at the bank, The TRADE can reveal. In this new role Waters will head up a desk made up of traders located across Paris and the UK.
Bookbuilding platform Appital has launched a new initiative to unlock liquidity unavailable through traditional electronic trading venues. Traders and portfolio managers will also be able to access exposure to liquidity events in relevant equities meeting their minimum ADC or pricing thresholds.
Fixed income trading venue and data provider MarketAxess has expanded its integration with the Investortool platform for its municipal bond activity From now, MarketAxess’ offerings will be displayed on the Investortools Dealer Network (IDN) as it seeks to expand its electronic municipal trading.
Elsewhere in her career, Sueng – one of The TRADE’s Rising Stars in 2019 – worked in fixed income sales at both Tullet Prebon and Newedge as well as previously serving in fixed income performance analyst roles at Amundi and Societe Generale AssetManagement.
Start-up hedge fund Jain Global appointed a former Credit Suisse vice president and electronic sales trader to join its ranks on the trading desk ahead of its launch. Prior to joining State Street in 2021, she previously served for more than 17 years at UBS across Zurich, London and Singapore and at Credit Suisse.
Greg Finke joined the boutique assetmanager after just over a year at Rothschild & Co as a senior investment dealer covering equities. Prior to joining Rothschild in January 2023, Finke spent nearly five years at Marathon AssetManagement as a global equity trader covering equities and FX.
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.”
Griffin originally joined Kepler in 2016 as its head of portfolio and electronic sales trading, later assuming his most recent role as head of market structure and liquidity solutions in 2022. Before that, he served as vice president and relationship manager for JP Morgan’s priority assetmanager clients.
We have seen a stabilisation of money flows in recent months, global funds are returning to the UK, while we continue to see outflows (mostly to US) of domestic assetmanagers. We all know it is very cheap and easy to trade electronically but you’re not necessarily fulfilling your liquidity obligations.
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