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DWS Group’s global head of capital markets leaves the business

The TRADE

The global head of capital markets 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.

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People Moves Monday: State Street Global Advisors, RBC Capital Markets, Fidelity Investments and more…

The TRADE

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.

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Is Singapore set to become the next major trading hub?

The TRADE

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.

Trading 90
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FINBOURNE Technology raises £55 million in Series B funding round

The TRADE

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.

Funds 69
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The Thursday T+1 trading conundrum

The TRADE

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 capital markets, ETFs and indexed strategies, Invesco.

Trading 59
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Deutsche Börse names new CEO to replace Theodor Weimer

The TRADE

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 Investment Management Solutions segment with ISS STOXX and SimCorp. The two will operate as co-CEOs until the end of the year.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets 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.

Trading 59