Mergers and Inquisitions

JANUARY 10, 2024

If you want to read angry comments and long threads with plenty of insults, you can’t go wrong with the wealth management vs. investment banking debate. These individuals are usually “high net worth” (HNW), meaning an average of $5 – $10 in assets, but it could be as low as $1 million.

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Focus Investment Banking

APRIL 1, 2024

I’ve known the Abrahams for nearly 15 years and it has been a privilege to represent them during the sale of their business,” said Eric Oganesoff, Managing Director of FOCUS.

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The TRADE

NOVEMBER 14, 2023

As asset managers continue to look for ways to fully capitalise on data, a new SIX report has found that almost half view data velocity as the key challenge in enabling analytics to drive growth. This focus on front-office was further shown by 46% of respondents highlighting ‘sales and distribution’.

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The TRADE

MAY 16, 2024

A DWS Group senior equity trader has departed for pastures new after over 16 years at the asset manager, The TRADE can reveal. Alex Cotar has left the asset management arm of Deutsche Bank to join Bankhaus Metzler as an equity sales trader, according to an update on social media.

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The TRADE

AUGUST 30, 2023

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 asset management firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.

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The TRADE

APRIL 8, 2024

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. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.

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The TRADE

MAY 20, 2024

David Wilkins, head of FICC execution services EMEA and global EFX sales at Goldman Sachs, and James McGuigan, director FX eTrading at Citi became the latest members to join Tradefeedr’s client advisory group aimed at improving market transparency and data dialogue across the market.

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The TRADE

JUNE 7, 2024

Credit Suisse has signed an agreement to sell its majority stake in Credit Suisse Investment Partners (CSIP), owned by Credit Suisse Asset Management. CSIP segment manages funds and associated mandates – including convertible bond funds – with a total of CHF 1 billion in assets under management. “The

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The TRADE

JANUARY 8, 2024

Previously, he served as global head of institutional sales at TP ICAP, and before that worked as head of sales EMEA and Asia Pacific at BGC Partners for two years. RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT).

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The TRADE

APRIL 29, 2024

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. Alongside him, Matthew West joins Investec as a global electronic sales trader. Aubry previously served as a credit trader at Mizuho and MUFG Securities.

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The TRADE

JUNE 19, 2023

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. She joined from Maple Finance, where she served as general counsel.

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The TRADE

JANUARY 29, 2024

Two former London Stock Exchange Group (LSEG) and SIX Swiss Exchange sales specialists were selected to join US equites alternative trading system (ATS) OneChronos to support its push into Europe. Elsewhere, Sherlock most recently served in a European equity sales role since 2021.

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The TRADE

MARCH 22, 2024

Elsewhere in his career, Tan served at Maybank Investment Banking Group in an equity sales trading role. Most recently, Marion Juric was named head of EMEA sales at Millennium, following five years with the business working across Europe, Middle East, Africa, and APAC.

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The TRADE

JULY 24, 2023

Heraty will take on the role of head of US equity solutions and structured product sales, whilst Gleave has been appointed as head of European equity solutions. Heraty was previously at Credit Suisse where he spent four years as head of North American equity derivative sales.

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The TRADE

JULY 18, 2023

The bank also highlighted that lower than average transactional volumes had contributed to lower asset management and brokerage fees. Overall, the bank’s total revenue was up 11% from Q2 2022 at $25.2 Sales and trading revenues increased by 3% to $4.3

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The TRADE

OCTOBER 16, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG). He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.

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The TRADE

JULY 31, 2023

During his time with the asset manager, 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 Capital Markets in a fixed income role and 10 and a half years at UBS Investment Bank as an executive vice president.

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The TRADE

JUNE 17, 2024

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. Fluet takes up her new role after serving at Credit Suisse for the last five and a half years, originally joining the bank in 2018 as an analyst.

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The TRADE

SEPTEMBER 26, 2023

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-asset managing director in RBC’s low touch team, according to sources familiar with the matter.

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Mergers and Inquisitions

MARCH 8, 2023

Commodity trading desks within sales & trading at the large banks. For example, on the physical trading side , most of the job consists of simple arithmetic, geopolitical/market knowledge, and sales/relationship/networking skills. Around 10% had wealth management experience.

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The TRADE

APRIL 15, 2024

Moreover, the bank’s overall gross investment banking and markets revenue was posted at $913 million, a 4% increase. Markets & securities services (MSS) revenue saw a lesser decrease, down 2% to $9.2 billion thanks to the securities services revenue having increase 3% to $1.2

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The TRADE

NOVEMBER 27, 2023

State Street’s asset management business State Street Global Advisors (SSGA) named Dublin-based Ann Prendergast head of EMEA. In addition, he will focus on ensuring close coordination between the FX trading and sales teams. Elsewhere in her tenure at Morgan Stanley, Egan served as an analyst for two years.

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The TRADE

NOVEMBER 6, 2023

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.

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Mergers and Inquisitions

SEPTEMBER 13, 2023

Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.” These are nice sales pitches, but the reality is quite different. DCM would be a tougher sell because you only work with investment-grade bonds. Again, this is more of a PE strategy.

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The TRADE

JULY 26, 2023

Despite overall profits in some areas of the bank, the investment bank revenues fell by 11% in the second quarter compared to the Q2 2022 results. 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.

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Mergers and Inquisitions

DECEMBER 6, 2023

It’s 100% possible to do asset management internships (or hedge fund internships ), take the CFA , and recruit for one of these large funds – assuming it’s open to undergrads.

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Mergers and Inquisitions

MAY 24, 2023

All the large multi-manager funds , such as Millennium, also use event-driven strategies to some extent. Schoenfeld Asset Management (PSAM), Pentwater, Silver Point, Anchorage, and King Street. 11% I was surprised at the high percentage from sales & trading , but that’s mostly due to classification issues (e.g.,

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The TRADE

OCTOBER 9, 2024

She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. Previously in his career, Hagan also spent four years on the sell-side at Société Générale in various FX sales roles. Gibson is a seasoned trader with an extensive career in markets.

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The TRADE

JANUARY 3, 2024

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 asset manager, hedge fund or asset owner.

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The TRADE

OCTOBER 18, 2024

According to Coalition Greenwich, the top dozen investment banks offering prime services saw revenues rise to a record $20.4 Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. billion in 2023.

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Mergers and Inquisitions

OCTOBER 11, 2023

While people obsess over investment banking and private equity, other sectors within finance, such as commercial real estate (CRE) , often go ignored. That’s a shame because “how to get into commercial real estate” is a much easier question than “ how to get into investment banking ” for many people.

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The TRADE

JANUARY 14, 2025

Cdric Farhat and Tobias Sjstrm Chanteloup have joined Kepler Cheuvreux as ETF senior sales as the firm looks to further strengthen its position in the ETF market. Stockholm-based Sjstrm Chanteloup joins from JP Morgan Asset Management, having most recently served as head of Nordic ETF distribution.

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The TRADE

JANUARY 13, 2025

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.

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The TRADE

MARCH 10, 2025

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 Asset Management, Axial Investment Management, and RBS.

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The TRADE

JANUARY 20, 2025

He also previously worked at JP Morgan Chase for ten years, serving in different roles in global FX eCommerce business management and cross-asset eCommerce technology, based in London and New York. Stockholm-based Sjstrm Chanteloup joined from JP Morgan Asset Management, having most recently served as head of Nordic ETF distribution.

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Mergers and Inquisitions

MARCH 5, 2025

For example, a company may have won approval for its drug and indicated that its expected peak sales will be $5 billion annually. Based on this, the market values the company at a 1x Enterprise Value / Peak Sales multiple, so its current Enterprise Value is $5 billion. Short LQDA, Long UTHR: This works if you have the opposite view.

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