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Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa CapitalMarkets Europe, The TRADE can reveal. He began his career as a junior portfoliomanager at RSA covering US equities.
RBC CapitalMarkets appointed Mitul Patel director, central bank sales, based in London. As part of the role, Patel will hold responsibility for distributing global rates product, alongside collaborating closely with global trading teams, internal partners in DCM, syndicate, and sales to execute strategy and drive growth.
RBC has appointed Guy Chalkley as managing director, UK flow rates sales, according to an internal memo seen by The TRADE. Chalkley brings more than three decades worth of financial services to the role, in both portfoliomanagement and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. Effective from 1 September, Salcedo will be based in New York, reporting to Dan Murphy, Americas head of franchise sales. MEAG appointed Lydia Malakis head of institutional sales at MEAG.
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. He originally joined the asset manager as an investment operations analyst in 2020. He began his career as a junior portfoliomanager at RSA covering US equities.
Smith brings more than 30 years’ experience in the capitalmarkets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. He joins from ED&F Man CapitalMarkets, a company he founded.
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 CapitalMarkets in a fixed income role and 10 and a half years at UBS Investment Bank as an executive vice president.
Generative AI (gen AI) is predicted to impact over two-thirds of all functions across the capitalmarkets industry, suggesting that the technology has the potential to significantly transform all its segments—including asset management. Interested in a conversation? Feel free to reach out to us for a discussion. [1]
Portfoliomanagers use them without fear, it’s a tool in the box which is not for everybody, but it’s getting there. Trading has to adjust,” added Boess.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. Examples just from just the last six months include UK-based investment management firm Waverton – which has £9.1
Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Over the past year, each of the top 25 primes have increased their market share – according to Convergence – with 16 of those experiencing double-digit percentage growth.
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.
Over the past 12 months, Tourmaline has also tapped rival BTIG and hired from Vantage CapitalMarkets and Liquidnet. Another source explains more around potential conflicts: “The same actual person who picks up my order is the person who works on the equity sales desk.
These systems touch upon all elements of the trading lifecycle throughout the front-to-middle-to-back-office including execution, order, risk and portfoliomanagement. While perhaps not one of the most exciting aspects of the trade lifecycle, settlement is a central process that acts as a pillar for the capitalmarkets.
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