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Singapore-headquartered fund manager APS AssetManagement has adopted order and investment management technology solution, Bloomberg AIM, to automate its post-trade workflows. The post Bloomberg AIM adopted by APS AssetManagement to automate post-trade workflows appeared first on The TRADE.
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. Poilvet-Clédière brings over 15 years’ experience in financialmarkets to the role.
Outsourced trading solutions firm, Tourmaline Partners, has hired three new seasoned financialmarkets executives as managing directors to help strengthen its global trading capabilities, The TRADE can reveal. He has also previously worked for Goldman Sachs.
RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.
Industry Person of the Year 2023 shortlist: Seema Arora, managing director, head of execution sales, Instinet Europe Champion of The TRADE’s Rising Stars of Trading and Execution award scheme, Instinet Europe’s Seema Arora needs little introduction with an extensive financial career spanning more than 25 years.
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. Ed Husband and Hugo Hewitt joined the firm’s US sales team in New York and London, respectively. All three additions join from the former Numis US business.
Citadel Securities Needing little introduction, Citadel Securities, is one of the largest market makers in US Treasuries and USD interest rate swaps globally, and serves an extensive list of financial institutions, including: banks, assetmanagers, pension funds, hedge funds, central banks, and sovereign wealth fund.
According to the bank, this compares to a prior year quarter where “extreme market activity in the wake of uncertainty surrounding the war in Ukraine” affected results. Net revenue for ‘fixed income, currency (FIC) sales and trading’ within the investment bank fell by 9% compared to the second quarter in 2022.
There is some overlap because at the large banks, wealth management clients often get early/privileged access to investment banking products, such as upcoming IPOs, equity/debt offerings, or new investment products. By contrast, wealth management is much less competitive to get into. and without a target school or great internships.
On the other hand, foreign exchange – the largest financialmarket in the world – benefits from the fact that trading is not limited to one central location but is instead conducted between participants by phone and electronic communication networks (ECNs) in a wide range of markets globally.
And sitting on its global trading desks are a pod of traders known for their ability to interact with some of the most inaccessible financialmarkets around the world. At the helm of the team is global head of trading Cathy Gibson who oversees trading across the assetmanager’s offices in London, the US, Asia Pacific and South Africa.
As a company, we find ourselves in the middle of a perfect storm of technology advancement, proliferation of data, and regulatory changes that are really pushing more and more wind into the sales of market infrastructure providers like us to increase automation of trading across the board.
Cboe Global Markets Cboe Global Markets makes another appearance in this award category shortlist for 2023, following its win at last year’s Leaders in Trading awards gala. The exchange has continued to drive innovation within financialmarkets by extending its remit through various product launches.
TD Securities appointed Rob Fallon as director of sales trading, based in Dublin. Fallon joined the firm from Deutsche Numis, where he spent the last two years, most recently serving as director of sales trading. While at Goodbody, he most recently served as a senior sales trader covering Irish and UK SMID stocks.
Malrait was most recently managing director and global head of market structure and innovation for financialmarkets at ING Bank, overseeing the financialmarket innovation strategies within the firm.Before joining ING in 2015, he spent eight years at Socit Gnrale, most recently working as global head of FIC eCommerce.
Beginning his career in 1990 as an FX dealer at Bank of America in Sydney, Grady has spent almost four decades working in financialmarkets 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.
For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance. As investors continue to seek greater exposure to digital assets, emerging technologies such as blockchain could further drive electronification across newer adjacent markets.
For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance. As investors continue to seek greater exposure to digital assets, emerging technologies such as blockchain could further drive electronification across newer adjacent markets.
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