The TRADE

JANUARY 16, 2024

Specialist financial services investor, Atlas Merchant Capital, is backing the merger, providing enough liquidity to support Panmure Liberum’s long-term strategic ambitions. The deal comes just three months after Deutsche Bank completed the acquisition of institutional broker Numis for £410 million.

Investment Banking 111

Investment Banking Mergers Bank Banking 111

The TRADE

JUNE 26, 2024

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF, The TRADE can reveal. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

Broker 52

Broker Trading Sale Financial Services 52

The TRADE

JULY 1, 2024

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

Bank 64

Bank Banking Sale Trading 64

The TRADE

DECEMBER 6, 2023

The accepted review also set the path for potentially removing the unbundling rules – an inherited EU law under Mifid II that requires brokers to charge a separate fee for research. Certainly, what we do not want is less focus on execution, which is something that we gain from the unbundling rules,” noted a panellist.

Investment 106

Investment Financial Market Public Trading Broker 106

The TRADE

JULY 14, 2023

Prior to joining the French firm where he was employed as a sales trader for over five years, Lockley worked as a trader at broker GFI Group. CIBC is a multinational banking and financial services company with its headquarters in Toronto, Ontario, with its London office based in the heart of the city on Cheapside.

Equities 52

Equities Trading Financial Services Bank 52

The TRADE

NOVEMBER 3, 2023

For example, 53% believe it could answer the problem of lack of familiarity with local markets, highlighting gaining local market insights (44%) and understanding market structure nuances (44%) as among the main concerns.

Trading 115

Trading Portfolio Management Asset Management Financial Services 115

Viking Mergers & Acquisitions

MAY 9, 2023

He has navigated various challenges and changes in his career and emerged as a successful leader in the financial services and M&A industry. His friend’s father was a successful financial advisor and a great encouragement to Reed. This connection inspired him to pursue a career in financial services.

M&A 52

M&A Financial Services Business Broker 52

The TRADE

SEPTEMBER 19, 2023

The number of buy-side firms who also leverage CTM’s Match to Instruct (M2i) workflow with a broker/dealer counterpart has increased by 91% since the start of 2023. DTCC said those clients are achieving a near 100% same-day affirmation (SDA) rate by 9pm on trade date. Achieving SDA is critical to meeting US T+1 settlement timelines.

Trading 59

Trading Broker Investment Manager Management 59

The TRADE

OCTOBER 18, 2024

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024. Those are the relatively commoditised parts of the business.

Funds 69

Funds Broker Banking Bank 69

Francine Way

JULY 20, 2017

The disadvantage is its narrowness in meaningful usage: it is only meaningful when used on businesses where tangible assets constitute the bulk of the enterprise value (such as an auto parts wholesaler / retailer) or when the assets are primarily cash or liquid assets (such as banks and financial service firms).

Valuation 130

Valuation M&A Business IT 130

The TRADE

NOVEMBER 15, 2023

Brodie was employed by brokers BTIG and United First Partners, and investment banks Jefferies and Bear Stearns, prior to joining Citi. The Olivetree Group was acquired in March last year by London-based trading solutions provider Alvar Financial, as reported by The TRADE. The new hires started this week.

Mergers and Acquisitions 52

Mergers and Acquisitions Trading Profitability Equities 52

The TRADE

SEPTEMBER 25, 2023

Lackenby joined the bank two years ago from broker Market Securities. Prior to this he worked at financial services firm Cantor Fitzgerald for thirteen years. Brodie held positions at brokers BTIG and United First Partners before joining the US bank two years ago. Elsewhere, Brown had worked at Citi for sixteen years.

Sale 64

Sale Trading Electronics Bank 64

The TRADE

SEPTEMBER 11, 2023

Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. His most recent role at the inter-dealer broker was as a cross asset sales trader, having spent seven years with the business. RBC appointed Guy Chalkley as managing director, UK flow rates sales.

Sale 64

Sale Management Trading Portfolio Management 64

The TRADE

OCTOBER 27, 2023

Hong Kong continues to be very active, with its authorities keen to maintain their hold on the financial services sector. Elsewhere, interdealer broker TP ICAP also took advantage of the MAS’s initiative to boost the region as a major trading hub.

Trading 90

Trading Asset Management Management Investment Manager 90

Sica Fletcher

AUGUST 6, 2024

To begin, we need to start with a few definitions: Investment Banks: We use the colloquial meaning of “investment banks,” which often includes M&A advisory firms and other financial services firms that facilitate the growth and sale of insurance agencies around a possible sale.

Investment Banking 52

Investment Banking Insurance Bank Banking 52

The TRADE

JULY 3, 2023

To resolve the disconnect in approaches, in its 2017 no-action letter to SIFMA, the SEC advised that it would not recommend enforcement action to broker-dealers accepting cash payments for research from investment managers which are required by Mifid II to pay for research from its own money as opposed to client commissions or ‘soft dollars’.

Bulge Bracket 52

Bulge Bracket Asset Management Broker Trading 52

The TRADE

AUGUST 2, 2024

Among the headliners was news that financial services giant State Street was set to acquire outsourced trading firm CF Global, Deutsche Börse entering into a binding agreement to acquire SimCorp in an all-cash public takeover for $4.3 billion, and Deutsche Bank agreeing to acquire institutional broker Numis in a £410 million deal.

Asset Management 59

Asset Management Investment Manager Management Investment 59

Sun Acquisitions

MAY 24, 2024

Financial Services Sector: Financial institutions face a complex web of regulations. Acquirers must meticulously assess the target’s compliance with financial regulations, anti-money laundering (AML) laws, and data protection standards.

M&A 59

M&A Mergers and Acquisitions Negotiation Healthcare 59

The TRADE

JANUARY 3, 2024

The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Boutique independents and the largest financial services providers co-exist in this burgeoning space which has some elements of comradery and others of fierce rivalry.

Trading 64

Trading Asset Management M&A Broker 64

The TRADE

NOVEMBER 6, 2023

Stevens joined Aquis in 2021 and had previously held various senior roles across financial services and technology. His past positions included chief executive of foreign exchange broker Global Reach Group, as well as senior roles at Investment Technology Group, JP Morgan and Goldman Sachs.

Sale 64

Sale Equities Trading Electronics 64

Sun Acquisitions

FEBRUARY 26, 2024

It is no surprise the IT industry leads generative AI usage across multiple industries, including Financial Services, Media & Telecom, Energy, Transportation and Healthcare/Life Sciences. Technology leads the rest of the pact by over 20% adoption rate as a fundamental part of their product/service offerings.

M&A 52

M&A Mergers and Acquisitions IT Management 52

The TRADE

JUNE 21, 2024

You’ve got a lot of brokers delivering very similar VWAP strategies, but if they’re broadly built in the same way, you’re not going to learn from that. The idea of selecting a pool of homogeneous algorithms just isn’t going to result in performance improvements over time.

Trading 59

Trading Funds Stock Government 59

The TRADE

JULY 10, 2023

The UK Government announced that it has accepted Kent’s review which also sets the path for potentially removing the unbundling rules – an inherited EU law that requires brokers to charge a separate fee for research.

Government 40

Government IT Investment Broker 40

Cooley M&A

DECEMBER 3, 2019

Pricing – Premium is generally in the range of 2.25% to 3.00% of the policy limit (or $22,500 to $30,000 per $1 million of coverage), including broker commissions (10-20% of the premium) plus underwriting fees (typically between $25,000 and $50,000) and a premium tax.

Insurance 40

Insurance Underwriting Mergers and Acquisitions M&A 40

Growth Business

AUGUST 22, 2023

The group comprises of brokering firm Howden, underwriting agency DUAL, MGA and its data and analytics arm HX. Employees make up its largest shareholder group and in March 2022, the group acquired Italy’s largest insurance broker, Assiteca. #8 8 – Monzo Value: $4.5bn Founded: 2015 What do they do?

Insurance 52

Insurance Banking Bank Funds 52

Software Equity Group

AUGUST 20, 2024

Produce Pro’s products are designed to serve its customers across the supply chain from production to distribution and are used by hundreds of food distributors, brokers, processors, and growers in North America. The public company was founded in 1985 and is domiciled in Sweden.

Investment 52

Investment Management Acquisitions Business 52

The TRADE

JULY 24, 2023

Talent acquisition and maintenance has become central to the day-to-day operations of many trading heads as financial services seeks to compete with other industries amid the new hybrid working model. Traders need to sit in front of a screen. There’s no way around it. I can’t just leave for a coffee or a walk. “In

Trading 52

Trading Portfolio Management Asset Management Management 52

The TRADE

OCTOBER 24, 2024

Its black background and computerised white text might seem a little out of date to individuals outside of the industry but its role in the financial markets has cemented this interface as a poster child for financial services. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange.

Trading 120

Trading Investors IT S&P 120

The TRADE

APRIL 30, 2024

The European Securities and Markets Authority (ESMA) has been vocal in the development of rules and guidelines regarding the use of artificial intelligence in the financial market, having released a risk analysis report in February 2023. A key determinant of the regulation is ESMA’s rules on AI is the promotion of responsible AI use.

Financial Institution 69

Financial Institution Financial Market Risk Management Banking 69

The TRADE

DECEMBER 21, 2023

One of the greatest revelations across the financial services 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.

Trading 64

Trading Management Funds Asset Management 64

The TRADE

MARCH 14, 2025

He has spent nearly 12 years at BlackRock, having previously served in a broker dealer execution role for ETF capital markets. Elsewhere in his career, Jaafar has served as a financial services management consultant at both Stanwell Consulting and Equinox Consulting. Prior to that, he held a cash equity-related role at Exane.

Advisory 64

Advisory Consulting Financial Services Equities 64

Growth Business

OCTOBER 23, 2023

What he came up with was Acre, an all-in-one mortgage platform for brokers and their clients. Because mortgage brokers control 85 per cent of the market, Brown thought there had to be a way to speed up and simplify mortgage broking. There had to be a better way, he decided. He approached insurance giant Aviva with his idea.

Corporation 64

Corporation Capital Investment Investors 64