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A recent government initiative announced on March 5, 2024 signals that more antitrust scrutiny for private equity firms and assetmanagers is on the horizon. By: Paul Hastings LLP
Royal London AssetManagement has restructured its global equity team with immediate effect, following the departure of its head of equities and some members of the wider global equities team. Piers Hillier, chief investment officer, will take on responsibility for Royal London AM’s global equity capabilities.
Once considered a small, esoteric area of the lending landscape, fund finance—loan facilities secured against investor commitments to private equity (PE) funds and/or fund assets—has grown into a global market worth more than US$600 billion during the last decade, according to assetmanager abrdn.
Stuart Lawrence has been appointed head of European equities trading at UBS AssetManagement four and a half years after he joined the firm in June 2019. He was most recently head of UK equity trading at UBS AssetManagement, having previously served as a high touch equity sales trader at Kepler Cheuvreux.
Walter GAM is a private equity affiliate of the Walter Group, a Montreal-based family office. The post Walter GAM takes minority stake in Madryn AssetManagement appeared first on PE Hub.
Balyasny AssetManagement has appointed Harrison Chesterton as associate director within its equity finance trading division, The TRADE can reveal. Most recently he served as vice president of delta 1 and equity financing – a role he was promoted to after holding the position of assistant vice president for three years.
Allianz Global Investors (AllianzGI) has appointed Kayvan Vahid as head of equity Europe core and value. Vahid joins AllianzGI from UBS AssetManagement where he served in a variety of roles over the last 20 years. Based in London, Vahid will report to Jörg De Vries-Hippen, head of investments equity Europe.
Pictet AssetManagement has appointed Jade Beckmann as an equity trader, The TRADE can reveal Beckmann joins Pictet AssetManagement from Bloomberg, where she most recently served as a professional services sales account manager. Beckmann announced her appointment in a social media post.
Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital. He brought with him more than 25 years’ experience in cross-asset trading for both institutional and retail clients. The post GTN appoints new equity sales trader appeared first on The TRADE.
BlackRock has appointed Nick Craze head of the EMEA equity trading desk following the promotion of Paul Battams to head of international equity trading, The TRADE can reveal. He will now manage the entire desk, made up of 14 traders, having previously managed a team of six.
Before joining MEAG, Malakis held senior sales positions with international assetmanagers, including Generali Insurance, Vanguard International and Schroders. Northern Trust AssetManagement appointed Naoto Komoro to lead its assetmanagement business in Japan.
He has also held roles at FXall and UBS, as product manager and associate director, respectively. Royal London AssetManagement restructured its global equity team following the departure of its head of equities and some members of the wider global equities team.
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. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director.
Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023. He took up the role on an interim basis in March. He began his trading career at UBS in Hong Kong.
Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny AssetManagement. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny AssetManagement in 2021 as a trader.
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.
Honor Woods has been appointed equity trader at RBC BlueBay AssetManagement, based in London. Woods has previous experience working in the institutional equity trading team at AB Bernstein. The post RBC BlueBay AM appoints new equity trader appeared first on The TRADE.
The scheme has recognised numerous promising talents over the years, many of whom have gone on to expanded roles such as head of trading at some of the world’s largest assetmanagers and hedge funds. Find previous years’ recognised shortlists here: 2022 – 2021 – 2020 – 2019 – 2018 – 2017 – 2016 – 2015.
Robert Whelan has joined Citadel as equity trader following almost eight years at Pictet AssetManagement. Whelan joined Pictet AM as an equity trader back in 2016. 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.
UK assetmanager Liontrust AssetManagement is exploring outsourcing parts of its trading to BNY, according to an update released this morning. In October, UK-based assetmanager Artemis selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025.
The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two assetmanagement deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker.
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.
He joined Nasdaq European Markets in its European equities sales team based in London after nearly six years at Citadel Securities. 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.
Oaktree Capital Management has agreed to acquire Close Brothers AssetManagement (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.
Valuing an assetmanagement company (AMC) is a multifaceted endeavor that requires a nuanced approach. Assetmanagement companies are integral players in the financial services sector, managing investments on behalf of clients, which can include individuals, institutions, and corporations.
Almost 60% of the buy-side expect to see a further reduction in their over-the-counter (OTC) exposures for equity products over the next three years, according to an Acuiti report. This follows assetmanagers having reduced OTC exposures in the wake of the ‘uncleared margin rules’ and other post-crisis reforms.
The industry has been quick to hail the transition to T+1 settlement for US equities a success, voicing a sentiment that can certainly be considered accurate for the ‘flip the switch’ moment in the opening days of the cycle shortening.
Janus Henderson Investors has appointed Francesca Alesi as a junior equity trader, based in London. Alesi joins the assetmanager from GSA Capital, where she spent the last two years. Mair joined hedge fund and systematic trading platform Schonfeld as an equity trader dealing with long and short strategies.
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.
The US move to T+1 settlement was passed through in a bid to increase the efficiency of market operations, however an Acuiti report has stated that 53% of assetmanagers believe that the move will not make US equities more attractive. At the same time, firms are preparing for a new wave of regulatory change.
While Transaction Cost Analysis (TCA) remains most widely used in equities due to the availability of necessary data and standardisation being most mature in this asset class, assetmanagers are now increasingly utilising the strategy outside this sphere.
Edgar Castel is set to join Nordea as an equity trader following almost five years at Candriam, The TRADE can reveal. Castel most recently served as a trader focused on equities (cash and swap), foreign exchange, and listed derivatives. The post Candriam trader to join Nordea in equities role appeared first on The TRADE.
Rowe Price Unigestion Fixed Income Trading Desk of the Year AXA Investment Managers Barings Manulife Investment Management PIMCO State Street Global Advisors Buy-side Market Structure Expert of the Year Evan Canwell, Equity Trader & Market Structure Analyst, T.
Electronic trading platforms captured almost a third (32%) of overall Canadian equity trading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found. The post Natural block liquidity is shifting Canadian equities towards e-trading, finds report appeared first on The TRADE.
Generali has entered a definitive agreement to acquire US-based Conning from Cathay Life in a deal that will see it become one of the largest assetmanagement firms in Europe. Earlier this year, UK assetmanager Liontrust also entered into a conditional agreement to acquire Swiss assetmanagement company, GAM Holding for £96 million.
Senior equity trader at Janus Henderson, Stuart Mair, has left the assetmanager after 14 years, The TRADE can reveal. According to an update on his social media, Mair has joined hedge fund and systematic trading platform Schonfeld as an equity trader dealing with long and short strategies.
HSBC has appointed Matthew Stanton as managing director, head of equities sales trading for Americas. Prior to that, he spent just over seven years at Barclays, most recently serving as managing director, head of cash sales trading, Americas. This included equities sales trading positions for both the Americas and EMEA.
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. More recently though, RLAM’s trading team has undergone another revamp.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, as revealed by The TRADE. She currently serves as head of RepoClear and collateral management at LCH SA.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.
The new service will offer insights to hedge funds, assetmanagers and other buy-side based off real-time liquidity mapping. The service is now available to NYFIX routing customers in the US equities market, with future plans to extend access to clients on other order routing networks.
A DWS Group senior equity trader has departed for pastures new after over 16 years at the assetmanager, The TRADE can reveal. Alex Cotar has left the assetmanagement arm of Deutsche Bank to join Bankhaus Metzler as an equity sales trader, according to an update on social media.
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould was appointed head of fixed income and equities EMEA, based in London. Paul Battams was named head of international equity trading at BlackRock following 23 years with the firm.
Appital has expanded its European equity coverage to more than 21,000 equities across 24 European countries with the addition of Virtu Financial’s POSIT MTF as a European execution venue. The post Appital expands European equity coverage through addition of Virtu Financial’s POSIT MTF appeared first on The TRADE.
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