Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
The New York Times: Banking
JUNE 20, 2024
Portfolio managers have conflicting incentives as the economic and financial risks from climate change become more apparent but remain imprecise.
Jyske Bank acquires PFA Bank
Global Newswire by Notified: M&A
JUNE 13, 2023
Jyske Bank A/S has entered into a binding agreement with PFA Holding A/S on the acquisition of 100% of the shares of PFA Bank A/S. As part of the transaction, Jyske Bank has entered into an agreement with PFA Invest on the administration and portfolio management of client assets.
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Daiwa Capital Markets Europe selects former Jefferies MD for new head of equities
The TRADE
JANUARY 5, 2024
Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa Capital Markets Europe, The TRADE can reveal. He began his career as a junior portfolio manager at RSA covering US equities.
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People Moves Monday: Robeco, Kepler Cheuvreux and JP Morgan
The TRADE
NOVEMBER 4, 2024
Current head of equity trading and operational portfolio management, Robbert Wijgerse, continues in his role and existing reporting lines remain the same. Berendsen joined Robeco in 2006 as a data and application manager. During his tenure at Bank of America, Mudie most recently served as manging director, sales trading.
Neptune adds Lloyds Bank Corporate & Institutional Banking to growing bond dealer community
The TRADE
JULY 19, 2023
Fixed income axe provision platform, Neptune Networks, has added Lloyds Bank Corporate & Institutional Banking to its bond dealer community. Following the addition, Lloyds Bank will distribute axes of GBP and EUR investment grade and high yield corporate credit as well as UK gilt through Neptune.
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How Merchant Banks Help Businesses Grow and Succeed
Razorpay
AUGUST 9, 2023
Regular individuals have retail banks. Huge corporations have investment banks. The answer: Merchant banks. Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. What is a Merchant Bank? billion).
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Citadel trader joins Ilex Capital
The TRADE
SEPTEMBER 5, 2024
Prior to joining Citadel in 2019, Boland spent five years at BlackRock as an associate and later a trader and just under a year at HBK Capital Management as a trader before that. Previously in his career, he undertook several banking, capital markets, and portfolio management internships across PwC, KPMG UK, BlackRock, and Jefferies.
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People Moves Monday: Schonfeld, Goldman Sachs, ABN AMRO Clearing Bank and more…
The TRADE
JULY 8, 2024
Jessica Lane was named executive director – ETF distribution at Goldman Sachs having previously spent almost six years at Bank of America Merrill Lynch. ABN AMRO Clearing Bank appointed Samantha Page as regulatory manager following almost two years at Euronext. As part of his new appointment, Chin will be based in New York.
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What is Private Banking and How Does It Work?
Razorpay
DECEMBER 15, 2024
What is Private Banking? Private banking is a personalized financial and wealth management service provided by banks to high-net-worth individuals (HNWIs). It involves offering exclusive products, tailored advice, and one-on-one attention to help clients manage, grow, and protect their wealth.
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StoneX Group selects former Incline head of trading for fixed income outsourced trading MD role
The TRADE
JANUARY 12, 2024
StoneX Group has appointed former head of trading at Incline Global Management, Evan Halpern, as managing director of fixed income outsourced trading, The TRADE can reveal. Throughout his career, Halpern has held trading and portfolio management roles at a wide selection of firms.
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University of British Columbia (UBC) Investment Banking Placement (Using Data)
Peak Frameworks
JANUARY 15, 2024
If you're interested in breaking into finance, check out our , Private Equity Course and , Investment Banking Course , which help thousands of candidates land top jobs every year. UBC ranks #7 on our Canadian investment banking target school list , earning itself a designation as a Canadian semi-target school. We have created a U.S.
People Moves Monday: Nomura’s Laser Digital, Liquidnet and StoneX Group
The TRADE
JANUARY 15, 2024
Hussain previously served as executive director, eFX algorithmic analyst at Crédit Agricole and prior to that spent three and a half years at Standard Chartered Bank, having served as a quant analyst before being promoted to director and eFX risk trader.
The CFA for Investment Banking: Do the New Changes Make It Worthwhile?
Mergers and Inquisitions
NOVEMBER 15, 2023
I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. Specialized Pathways: For the Level III exam, you can focus on portfolio management, private wealth, or private markets. Not much has changed since then.
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Credit Suisse agrees to sell 67% stake in Credit Suisse Investment Partners to BANTLEON
The TRADE
JUNE 7, 2024
Following the closing of the transaction, CSIP will rebrand as BANTLEON Convertible Experts, while still servings its clients as a convertibles manager. The CSIP leadership and portfolio management teams fully support the transaction and will remain unchanged,” the firm said in a statement.
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People Moves Monday: State Street Global Advisors, RBC Capital Markets, Fidelity Investments and more…
The TRADE
AUGUST 5, 2024
Prior to GMO, he worked as an operations specialist at Evergreen Investments and has also previously worked in a custody-related accountancy role at Investors Banks & Trust. RBC Capital Markets appointed Mitul Patel director, central bank sales, based in London.
People Moves Monday: Union Investment, LCH Group, Instinet and more…
The TRADE
SEPTEMBER 4, 2023
She was most recently vice president at the investment bank, responsible for the algorithmic trading performances of key clients, as well as undertaking strategic analysis. Prior to that, he served as a portfolio manager for European small and mid-caps as well as a European equities research analyst.
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Union Investment’s trading head Hock steps away from role to pursue digital asset aspirations
The TRADE
AUGUST 30, 2023
Within plans to explore crypto-related derivatives, tokenisation and exchange-traded products, Hock added that the asset manager was preparing to trade cryptocurrencies from 2022. Hock originally joined Union in 2014 and has since been instrumental in the development of the firm’s trading strategy and structure.
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People Moves Monday: UBS, MEAG, Northern Trust Asset Management and more…
The TRADE
JUNE 24, 2024
Before joining MEAG in 2021, George worked at the multi-family office Novethos and previously held positions at various banks and private banks. Northern Trust Asset Management appointed Naoto Komoro to lead its asset management business in Japan.
People Moves Monday: SSGA, Citi, Clear Street and more…
The TRADE
SEPTEMBER 9, 2024
Previously in his career, he undertook several banking, capital markets, and portfolio management internships across PwC, KPMG UK, BlackRock, and Jefferies. He most recently served as an investment manager at ADQ and before that spent two and a half years as a senior trader and portfolio manager at Azimut.
C8 Technologies enhances FX hedging platform with carry strategies
The TRADE
JULY 10, 2024
The platform is managed by Jonathan Webb, who previously served as head of FX strategy at Jefferies. He has also worked as a FX portfolio manager/proprietary trader at banks and hedge funds, including HSBC, Credit Suisse and Bank of America. “At
How to Land a Private Equity Internship: Tips and Strategies
OfficeHours
JUNE 12, 2023
Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management. investment banking, private equity , VC, etc.) You can also check our various course curriculums for different careers (i.e.
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Prime brokerage: The intersection of challenge and opportunity
The TRADE
DECEMBER 8, 2023
Among the major changes is the Basel III ‘endgame’ update, the widely anticipated capital requirements hike for Global Systemically Important Banks (G-SIBs). With the larger banks focusing on larger AUMs and higher revenue clients, there is a battle for new launches and emerging managers.
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Is the use of axes set to usurp the status quo in fixed income?
The TRADE
JULY 21, 2023
Over the years, buy-side use of axes has evolved significantly, with portfolio managers increasingly using them as well. Portfolio managers typically use axes to be more opportunistic and to ensure that when looking to send an order to the execution desk, it is something that has a realistic chance of being executed in the first place.
Mathematics in Finance: Exploring the Power of Combinations
Peak Frameworks
MAY 17, 2023
Combinations in Finance: More than Just Math The concept of combinations finds significant applications across various areas of finance, underpinning many strategies used in portfolio management, options trading, and scenario analysis. Combinations allow professionals to assess the number of possible outcomes in various scenarios.
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Tradeweb links repo and interest rate swap platforms to enhance institutional decision making
The TRADE
JUNE 4, 2024
Nicola Danese Higher money market volatility as a result of revised expectations of central bank policy actions has led traders to increasingly reference spreads to overnight index swap (OIC) curves when evaluating pricing of fixed-rate repos.
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C8 Technologies launches new systemic FX hedge platform
The TRADE
APRIL 17, 2024
Jonathan Webb, former head of FX strategy at Jefferies, manages the C8 Hedge platform. Webb also previously served as a portfolio manager and proprietary trader at banks including HSBC, Credit Suisse, RBS and Bank of America, as well as hedge funds C-View and GLC.
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Mizuho EMEA joins Neptune network as axe dealer for bonds
The TRADE
JUNE 29, 2023
Following its addition, the bank will distribute axes for investment grade and high yield corporate credit. This has been a client driven addition, as buy-side traders and portfolio managers continue to ask for high quality data from liquidity providers such as Mizuho.”
People Moves Monday: Bloomberg, RBC BlueBay AM, LSEG TORA and more…
The TRADE
JANUARY 8, 2024
Throughout his career Jenkins has also worked at SWIFT, Macgregor, and AXA Investment Managers. Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, left the bank after nearly a decade to join Daiwa Capital Markets Europe.
People Moves Monday: UBS, Titan Asset Management, IEX Group and more…
The TRADE
JUNE 10, 2024
Previously in his career, he served as head of equity trading for Asia Pacific at Deutsche Bank and Deutsche Bank Securities for two years and 13 years, respectively. Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management, joined Titan Investment Solutions as a junior portfolio manager and trader.
People Moves Monday: State Street Global Advisors, Nomura, Arqaam and more…
The TRADE
NOVEMBER 27, 2023
As head of State Street Global Advisors Europe – her current role – she is responsible for the firm’s EU-based portfolio management, distribution, product development, fund management and operations. He also previously spent two years at UBS as head of electronic trading for Asia.
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People Moves Monday: Weekly roundup
The TRADE
JULY 31, 2023
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. Goldman Sachs veteran, Christopher Daur, left the investment bank to head up buy-side sales and relationships at AccessFintech.
Algorithmic trading: Smarter than ever?
The TRADE
JANUARY 24, 2024
Information leakage When utilising algorithms, information leakage becomes paramount, especially when breaking up orders and dealing with multiple banks. These approaches not only protect a trader’s strategy but also enhance the efficacy of their trades in a complex, multi-bank environment.”
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Fabien Oreve: Fixing Europe’s future markets
The TRADE
MAY 28, 2024
Market fragmentation has increased over recent years and led to the dispersion of trading activity across primary exchanges, lit and dark multilateral trading facilities (MTFs), banks’ systematic internalisers (SIs) and electronic liquidity providers’ (ELP SIs).
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A new chapter for RBC BlueBay Asset Management’s London-based fixed income trading desk
The TRADE
OCTOBER 26, 2023
While traders don’t have the authority to load up trades, outside of execution they are expected to collaborate with their portfolio managers to bring value add to the investment process by making suggestions around idea generation and execution. The trading team work closely in tandem with portfolio managers when preparing a strategy.
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Interest Rate Swap | Examples | Uses | Swap Curve
Wall Street Mojo
JANUARY 17, 2024
The exchange in done, based on LIBOR (London Inter-Bank Offered Rate). The banks try to spread the risk and exposure to interest rate by making the dealers sell the swaps to many parties. The banks use interest rate swaps to manage interest rate risk. The floating rate index used in this case will be the LIBOR.
People Moves Monday: BlackRock Aladdin, Polar Capital, Rothschild & Co and more…
The TRADE
FEBRUARY 12, 2024
Prior to this appointment, she spent three years as head of EMEA EFX sales, bank sales, platform sales, custody FX and cross border payments for FIs at Citi, and before that served as head of EMEA electronic FX sales. Kluth was promoted to the role after serving as portfolio manager/analyst at the firm over the last two years.
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Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?
Mergers and Inquisitions
DECEMBER 6, 2023
The multi-manager hedge fund model is simple: Raise $10-20 billion, borrow at the fund level to take this to $50-$100 billion, and then allocate this capital to dozens of internal teams. So, while a traditional IB background at a top bank helps, you don’t necessarily need it if you start early or get relevant experience elsewhere.
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Half of asset managers are focused on speed over volume in their quest to fully capitalise on data, finds report
The TRADE
NOVEMBER 14, 2023
Looking at the specifics of where data is set to facilitate development, 48% of executives confirmed that they expect emerging data analytics to be of most benefit in ‘trading, investment analysis and portfolio management’ within their businesses over the next five years.
The prime brokerage pie is growing, which means bigger slices for everyone
The TRADE
OCTOBER 18, 2024
After a few turbulent years stemming from market volatility, rising interest rates, geopolitical turmoil, inflation, soaring energy prices, client performance, fee pressures, a mini banking crisis, looming regulation, constant tweaking of risk models, rising client complexities and the notorious Archegos saga… well, things are looking up.
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A closer look at restricted currency execution and custody
The TRADE
MARCH 26, 2024
When volatility increases in these markets, we generally have our clients asking more in-depth questions about their executions or about what is happening in a particular local market, so it is helpful to have powerful relationships with our global custodians and banking partners to best address any concerns our clients might have.
Trading at the frontier
The TRADE
OCTOBER 9, 2024
Previously in her career, she spent two and a half years as head of fixed income trading for UK asset management at Deutsche Asset Management [now DWS] and nearly five years at Pioneer Investments as a senior fixed income dealer. She began her career with a two-year stint as a principal dealer at Bank of Ireland Global Markets.
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What is Value at Risk (VaR)? Definition and Basics
Peak Frameworks
SEPTEMBER 12, 2023
If you're interested in breaking into finance, check out our , Private Equity Course and , Investment Banking Course , which help thousands of candidates land top jobs every year. For Capital Allocation: Banks and financial institutions use VaR to determine the amount of capital they need to hold to cover potential losses.
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Keeping ESG commercial
The TRADE
MAY 1, 2024
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. The traders are now discretionary execution guys and the portfolio managers (PMs) don’t get involved.
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DWS Group’s Werner Eppacher: ‘Liquidity is like a shy deer’
The TRADE
JULY 24, 2023
Werner Eppacher has spent the entirety of his two-decade financial career with German asset manager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A It [DWS Group’s asset class split] depends on the market environment,” he says. You had the gilt crisis.
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