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The global head of capitalmarkets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years. DWS declined to comment.
MetLife InvestmentManagement (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financial services firm. Nearly $6 billion of assets managed by the acquired team will transfer to MIM, under the terms of the transaction.
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS. This year, the industry has seen interest in Singapore grow from the buy-side too.
Jamie McKenna was appointed vice president, senior global equity trader at State Street Global Advisors (SSGA) following almost two decades at GMO trading. Boston-based McKenna joined GMO in 2004 as a pricing analyst, and most recently worked in a multi-asset trading role for 15 years.
The move follows a Series A finding round of £15 million in 2021, with this latest investment set to fund the firm’s commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia.
What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I oversee the capitalmarkets function and I assist in origination.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
Elijah Ibrahim Diallo has joined Magellan Capital as a multi-strategy trader, based in the UAE. He most recently served as an investmentmanager at ADQ and before that spent two and a half years as a senior trader and portfolio manager at Azimut.
Leithner has been a member of the executive board of Deutsche Börse AG since 2018, responsible for pre- & post-trading. In the role he has been chairperson for Clearstream and covered InvestmentManagement Solutions segment with ISS STOXX and SimCorp. The two will operate as co-CEOs until the end of the year.
State Street Global Advisors (SSGA) equity and derivatives trader Rikki Corbyn joined Barclays in a program trading role. He joins Barclays after almost 12 years with SSGA, originally joining the firm in 2013 in a trade support role before moving into an equity and derivatives trading role in 2016.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk.
RBC CapitalMarkets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He has been appointed senior trader at Norges Bank InvestmentManagement, based in New York.
Invesco’s US-based global head of fixed income trading Glenn Taitz left the firm to join Adroit Trading Technologies. Taitz joined buy-side OEMS provider Adroit as its head of business operations after seven and a half years with Invesco helming its fixed income trading business. He was also at Merrill Lynch for eight years.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. He joined Northern Trust in 2007 and has since worked in senior roles across portfolio management, client management and sales.
Players are also investing in a range of solutions, like data lakes, to generate new data-driven insights that are relevant to the core business, such as using artificial intelligence (AI) to manage foreign exchange based on macroeconomic data and country sentiment intelligence. A strong push to refocus on investmentmanagement.
As the leaves begin to fall from the trees, The TRADE Magazine is back for its autumnal third quarter edition. It’s a well known fact that markets globally orbit the US. Also included in this edition are the results from The TRADE’s annual Execution Management Systems Survey.
A friend suggested I consider investment banking and following a trading and sales summer placement at ABN AMRO in the City, I was instantly captivated – I had found my fit. Fast forward to the end of my studies, I applied for a position at a European investment bank.
With the advent of an ever-more technologically innovative and globally connected capitalmarkets sphere, fixed income emerging markets (EM) have demonstrably become an increasingly appealing area of interest for investors. One key way has been through new hires to push into new regions and establish internal processes.
The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. A few bps matter,” said Jim Goldie, EMEA head of capitalmarkets, ETFs and indexed strategies, Invesco.
The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Trading is in their DNA and their executives are often straight-to-the-point in their communication. Trading is in their DNA and their executives are often straight-to-the-point in their communication.
Redburn Atlantic has expanded its UK and European execution business with two new heads of sales trading. Tony Atkins was appointed UK head of sales trading. Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management.
MPT quantifies the trade-off and provides a framework for the optimal selection of assets. Diversification Spreading investments across a variety of assets can reduce risk. It's the investment equivalent of not putting all your eggs in one basket.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. And soon, it may no longer be just a service that applies to smaller fund managers. Outsourced trading is no longer a taboo topic. It’s no longer all or nothing.
Magnus Haglind, head of products for marketplace technology, Nasdaq The first wave of gen-AI use cases across capitalmarkets technology has sparked widespread energy and excitement about its future potential. This growth is projected to continue into 2025, fuelled by a steady increase of credit e-trading.
Quentin Limouzi joined Broadridge as global head of post-trade on 27 January following six years at the London Stock Exchange Group (LSEG). The appointment follows Broadridges recently announcedGenAI-powered analytics offering as part of its OpsGPT platform, aimed at enhancing its post-trade operations.
The TRADE is delighted to announce the winners of our inaugural Leaders in Trading New York awards, with the recipients honoured at a ceremony held last night at Chelsea Piers, New York. Meanwhile, the award for Trader of the Year – Hedge Fund was given to David Alfred of Conversant Capital.
The TRADE is delighted to announce the winners of this year’s Leaders in Trading awards, with the recipients honoured at a ceremony held last night at The Savoy, London. Keeping it within the family, M&G Investments also took home the award for Trading Desk of the Year.
Stephen Grady, head of global markets and executive vice president at Lombard Odier, accepted a Lifetime Achievement Award from The TRADE last night at Leaders in Trading 2024. He then moved to London in 1997 for a senior dealer role at Legal & General InvestmentManagement.
Ian Power was named head of UBSs Execution Hub, EMEA, having most recently served as the firms head of multi-asset trading, UK. 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.
Central clearing will play a key role in this debate, which will be essential for advancing the region’s capitalmarkets, and we look forward to Emir 3.0 This conversation is especially relevant as cross-border transactions grow in volume and as asset managers expand their investment in international markets.
The growth of bilateral trading has caught the attention of many industry participants in the last year, spurring intense debate at many industry conferences. Its like fast food, it might feel good in the short term but there could be unintended consequences for the longer term health of the trading ecosystem.
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