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UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Effective from 1 September, Salcedo will be based in New York, reporting to Dan Murphy, Americas head of franchise sales. MEAG appointed Lydia Malakis head of institutional sales at MEAG.
AllianceBernstein (AB) has expanded its presence in the Middle East with a new office in Dubai International Financial Centre (DIFC), becoming the latest in a string of global assetmanagement firms to set up shop in the region. He will work alongside Eduard van Nes, head of intermediary sales for Middle East and Africa.
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.
Stephen Wilkes, the head of buy-side solutions sales and head of securities services at Deutsche Bank, will be departing his role after spending almost 13 years at the bank. For nearly five years, Wilkes served as the head of buy-side solutions sales and head of securities servicessales in the EMEA region.
Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financialservices firm ODDO BHF. He joins as head of execution sales and microstructure. Jefferies appointed Peter Johansson as an equity sales trader.
He joined Cowen as managing director for fixed income outsourcing in February 2022, transitioning to commodities specialist Marex as part of the sale of Cowen’s outsourced trading and prime brokerage business at the end of last year. He has also held senior roles at Martin International Securities and Tullet & Tokyo Securities.
Fixed income investment banking boutique KNG Securities appointed Fernando Ortega as its new head of emerging market sales. He joined KNG Securities from VTB Capital, where he served as global head of fixed income sales over the last 10 years. Prior to that, Ortega worked at Morgan Stanley as head of institutional and onshore sales.
RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financialservices to the role, in both portfolio management and rates sales. Kepler Cheuvreux Execution Services (KCx) appointed Seb Klatt as program trading (PT) sales trader.
While these regulations may reduce cybersecurity risks across the financialservices industry, the costs of implementation may be significant and some of the filing requirements may distract entities when they are dealing with cybersecurity incidents,” the firm explained. Obviously, that process won’t cut it in a T+1 environment.
TS Imagine has expanded its team in the Asia Pacific with two new appointments from investment management fintech Enfusion. Stephanie Cheung has been appointed sales director, while An Hoong will work within the account management team, responsible for technical account management and client support.
Shortlisted individuals are repeated contributors to discussion whether that be through panels, associations or schemes to support the next generation joining the financialservices industry. He began his career in program trading sales at London-based investment bank SG Warburg.
Previously in her career she spent several years at Cantor Fitzgerald and Virtu Financial in equity sales trading roles. Imandra’s vice president of sales Dan Squires has departed for pastures new after less than a year in his new role. Prior to that, she held positions at Trust Company of the West (TCW) and CBRE Investors.
Cboe Clear Europe has secured the support of a broad range of key market participants, including banks, clearing firms, assetmanagers and custodians, who are expected to support the launch of this service. Settlement will take place in 19 European Central Securities Depositories (CSDs).
The immediate focus for the business is set to be investing in client service and portfolio management, specifically hiring in senior sales and distribution team members focused on Europe and the UK, as well as investment managers for both the luxury brands and credit opportunities strategies.
One of the greatest revelations across the financialservices sector (and beyond) was that mantra of ‘we don’t have to do things the way we used to’ as office hours turned to hybrid work-from-home setups and video conferencing and instant messaging became the norm.
The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Boutique independents and the largest financialservices providers co-exist in this burgeoning space which has some elements of comradery and others of fierce rivalry.
Dominic Rieb-Smith, managing director, international head, prime servicessales, JP Morgan, refers to the past year as “a standout”. Meanwhile, with regards to equities, revenue deriving from prime brokerage compared to trading shifted from a 30% versus 70% ratio a decade ago, to 40% to 60% in 2023.
Notable transactions include the January 2024 acquisition of $54 million EV Damstra Technology, a provider of integrated workplace management software and related mobile applications for businesses worldwide. The software provides features for access control, assetmanagement, eLearning, and predictive analysis.
Broadridge Financial Solutions has appointed Stephen Wilkes senior vice president, head of international buy-side sales. Wilkes brings extensive experience in financialservices, having previously held senior roles at Deutsche Bank, JP Morgan and Goldman Sachs.
Further roles at Fidelity International include stints as fixed income trading business manager, senior fixed income change manager, and senior fixed income portfolio analyst. Before joining Fidelity International, Awan spent two years at Royal London AssetManagement.
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