He joins the firm from Deutsche Bank where he served as a currency options trader.

Prior to this, Roberts spent five and a half years at NatWest Markets, most recently serving as a FX derivatives trader.

Elsewhere in his tenure at NatWest Markets, he worked as a US rates strategies.

Roberts announced his appointment in a social media post.

This latest appointment follows that of Olivia Gassner, who was appointed VP, equity electronic sales trader at JP Morgan earlier this month.

Gassner joined the firm from RBC Capital Markets, where she served in the same role for three years prior to the move. 

The post JP Morgan taps Deutsche Bank for new FX options trader appeared first on The TRADE.

As one of the most anticipated awards of the year, the recognition is designed to celebrate those individuals who have made a significant impact on their own organisation and, equally, the industry externally, with a commitment to bettering and future proofing the markets for years to come. 

Shortlisted individuals are repeated contributors to discussion whether that be through panels, associations or schemes to support the next generation joining the financial services industry. 

Last year, Goldman Sachs’ chief operating officer for EMEA equity execution services Eleanor Beasley took home the Industry Person of the Year Award in a landslide victory. 

The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees! 

Industry Person of the Year 2024 shortlist: 

James Baugh, managing director, head of European market structure, TD Cowen

James Baugh is an industry stalwart, having worked in the financial markets for over 25 years. Over the course of his career, Baugh has become renowned as a trusted partner to clients and for leading positive change in the European equities marketplace. He is an active participant in discussions on key topics impacting the industry. His team provides opinions and insights into shifting regulation and market structure, illustrating how these changes directly affect day-to-day business. 

Baugh currently serves as managing director, head of European market structure at TD Cowen; a position he has held since August 2021. Since joining the firm, Baugh has been a key driving force behind the growth of the firm’s European agency equities execution business. He has also helped shape the firm’s liquidity strategy by guiding clients through the complexities of European equity markets.  

Before joining TD Cowen, Baugh spent five years at Citi as European head of market structure. This followed 11 years at London Stock Exchange as head of equity sales, where he led initiatives like Turquoise Plato Block Discovery.  

A graduate of Newcastle University, Baugh began his career as a commodity analyst before taking on various roles at Dow Jones, including managing their European power index business. 

During the span of his career, Baugh has also represented several top financial organisations both across various industry forums including AFME, Q15 and Sustainable Trading, and on the board of Turquoise as a non-executive director.

Kate Finlayson, managing director, FICC market structure and liquidity strategy, JP Morgan

Kate Finlayson has considerable experience in financial markets, boasting a 25-year career that spans equities, fixed income, currencies and commodities.  

She currently serves as global head of FICC market structure and liquidity strategy at JP Morgan, having joined the firm in 2017. As part of her role, Finlayson has helped establish the FICC market structure function at JP Morgan, which she has developed into a global business with an extensive scope and reach.  

Before joining JP Morgan, Finlayson spent 14 years at UBS, holding a variety of senior positions including her most recent stint as head of market structure and liquidity strategy. Prior to UBS, Finlayson worked at Goldman Sachs in equity capital markets and prime brokerage.  

At JP Morgan, Finlayson engages with clients on the impact of market structural developments and drivers of change. Finlayson and her team also provide critical insights on emerging execution trends, microstructural dynamics and policy initiatives shaping liquidity across global markets. Widely considered to be a thought leader in the industry and a market structure expert, her insights are increasingly in demand. 

Alongside her role at JP Morgan, Finlayson is a trustee on the board of directors for JP Morgan Chase Pension Plan Trustee Limited. She also has external roles on industry advisory committees, including the UK FCA’s Secondary Markets Advisory Committee as well as the EMEA and US Quorum 15 Fixed Income advisory boards.

Bianca Gould, head of equities and fixed income EMEA, markets, BNY

Bianca Gould has extensive experience spanning 20 years in the industry, holding several senior roles throughout her tenure. She is particularly dedicated to supporting junior talent across the market.  

Currently, she is head of fixed income and equities EMEA within the BNY Global Markets Trading division and also sits on the executive committee for Pershing Limited. 

As part of her role, Gould is also responsible for expanding BNY’s execution footprint across EMEA.  A critical part of this strategy includes the recent launch of the firm’s new EU desk, based in Dublin Ireland. The aim is to deliver integrated execution serviced to its clients and facilitate more efficient trading for EU-based clients across both fixed income and equity markets globally.

Prior to joining BNY, she was the co-head of equities electronic sales and trading EMEA for RBC Capital Markets. Before that, she worked at Redburn for 15 years, having made partner in 2009 and remained the youngest partner appointed to date until the removal of the programme after her departure.   

In recent times, Gould has taken part in the Moonwalk initiative – walking a marathon during the night – to raise money for Breast Cancer, a charity close to her heart.

Stéphane Malrait, managing director and global head of market structure and innovation for financial markets, ING Bank

Stéphane Malrait is a market structure oracle. As a familiar face at some of the most important industry events, he works closely with advocacy groups, policy makers and regulators to make real change across financial markets.

Malrait works tirelessly to drive positive change in trading and market structure in the capital market space, understanding the important role of continued technological developments. At present he is working on the implementation of financial regulations that will impact the clients trading activity and transform how trading floors operate.  

Currently he serves as managing director and global head of market structure and innovation for financial markets at ING Bank, leading the financial market innovation strategies within the firm and contributing to industry working groups as a representative of the bank.

Before joining ING in 2015, Malrait spent eight years at Société Générale, most recently working as global head of FIC eCommerce. He also previously worked at JP Morgan Chase for ten years, serving in different roles in global FX eCommerce business management and cross-asset eCommerce technology, based in London and New York.

Since 2005, he has been an active member of the ACI Financial Market Association and is also a key part of the ECB FX contact group and a board member of ICMA.

Simon McQuoid-Mason, head of equity product and quant research, SIX Swiss Exchange

Simon McQuoid-Mason is a consistent thought leader across the trading landscape, continually unpacking the latest industry trends and sharing key insight on industry panels, important forums, and via insightful interviews.

McQuoid-Mason is currently head of equity product and quant research at SIX Swiss Exchange, having joined in 2020 as head of equity product for UK and Ireland. In his role, he is responsible for driving the evolution of SIX’s equity markets offering, including SwissAtMid and is also the lead author of SIX’s Trading InfoSnack series, a thought-provoking analytics series on market micro-structure and trading dynamics.   

He also serves as the current non-executive chair of the assets for the Te Aupōuri iwi, a Māori tribe from the far north of New Zealand, from who he descends. 

In addition, his past roles include stints at Bank of Queensland, the London Stock Exchange, Morgan Stanley and Emerge Capital Partners.   

A proponent of a pragmatic approach to the various trading areas, McQuoid-Mason consistently advocates for a rethink in terms of how key industry challenges are addressed, with a particular focus on ensuring policy makers and the wider public understand the benefits of thriving equity markets and overall reducing market complexity.

The post Leaders in Trading 2024: Industry Person of the Year shortlist revealed appeared first on The TRADE.

Jason Green was named director at BNP Paribas, focused on systematic macro sales following 10 and a half years at Morgan Stanley.  Whilst at Morgan Stanley he most recently served as executive director in electronic FX institutional sales. Before that, Green worked in fixed income derivatives solutions at Barclays Investment Bank. 

Olivia Gassner joined JP Morgan as VP, equity electronic sales trader following a stint at RBC Capital Markets. New York-based Gassner served in the same role at RBC Capital Markets for three years prior to the move. In the past, she worked at Barclays for almost five years, most recently as an associate, equity electronic sales trader. 

The post People Moves Monday: Candriam, BNP Paribas and JP Morgan appeared first on The TRADE.

New York-based Gassner served in the same role at RBC Capital Markets for three years prior to the move. 

Read more: JP Morgan taps Liquidnet for VP, equities e-trading coverage 

In the past, she worked at Barclays for almost five years, most recently as an associate, equity electronic sales trader. 

The post RBC Capital Markets trader joins JP Morgan appeared first on The TRADE.

Ninety One trader Tom Nickalls is set to leave the asset manager after 11 years to join Morgan Stanley. According to an update on social media, Nickalls will join the sell-side next month in an emerging markets credit role. He joined Ninety One in 2013 as a client operations analyst, moving into a portfolio implementation role in 2015 and taking up his current role as fixed income trader in 2018. He was recognised as a Rising Star of Trading and Execution at Leaders in Trading in 2021.

Robert Whelan joined Citadel as equity trader following almost eight years at Pictet Asset Management. Whelan joined Pictet AM as an equity trader back in 2016. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader. Whelan will act as an execution trader on behalf of the desk and his role is non-risk taking, The TRADE understands.

Lara Jacobs was appointed vice president – equities electronic trading coverage at JP Morgan following six years with Liquidnet. She most recently served as head of international client trading, EMEA. Prior to this, she worked as a market structure and strategy analyst before moving onto a role as equity trader. Before her stint with Liquidnet, London-based Jacobs worked on the debt restructuring team for fixed income at M&G Investments.

Outset Global appointed William Bradley managing director within its London office. Bradley brings considerable experience in the equity sales and trading space to the role, joining from Goldman Sachs where he served as vice president on the cross-asset sales desk in New York. Before joining Goldman Sachs, Bradley served as assistant vice president at Barclays on the equities liquid markets sales trading desk.

Bill Spencer was appointed head of client solutions at MarketAxess following five years at UBS Asset Management, most recently as executive director, multi asset centralised trading. The role is newly created, with Spencer set to hold responsibility for buy-side experience within MarketAxess’ trading system. Whilst at UBS, he worked as a senior trader on the US fixed income desk, as well as working on the daily trading of cash rates, credit, ETFs, and municipal bonds. He also lent his expertise to the trading of credit derivatives and listed futures and options. New-York based Spencer also previously held ETF-related positions at: REX Shares, Gelber Group LLC, and Chicago Trading Company.

Chris Robinson was appointed multi-asset trader at Liquidnet, joining from Louis Capital Markets where he worked for almost 13 years. He most recently served as a EMEA and US equity sales and execution trader. Prior to this he worked in equity derivatives for six and a half years, focused on Eurostoxx and sectoral indices. London-based Robinson has also previously served in a pension execution role at BDO UK LLP.

The post People Moves Monday: Millennium, Morgan Stanley, Citadel and more… appeared first on The TRADE.

She most recently served as head of international client trading, EMEA. Prior to this she worked as a market structure and strategy analyst before moving onto a role as equity trader.

Prior to her stint with Liquidnet, London-based Jacobs worked on the debt restructuring team for fixed income at M&G Investments.

Read more: Fireside Friday with… Liquidnet’s Jeff O’Connor

Jacobs announced her new role in a social media post.

Earlier this year, JP Morgan appointed Rachid Alaoui as new head of global equities amid wider changes to senior leadership in its markets division.

He was most recently head of global equity derivatives trading at JP Morgan, covering flow derivatives, exotics, corporate derivatives and convertible bond trading franchises.

The post JP Morgan taps Liquidnet for VP, equities e-trading coverage appeared first on The TRADE.

Joseph Ferraiolo

This step toward more enhanced streamlined digital workflows is a reported first for the syndicated loan market.

Joseph Ferraiolo, head of debt capital markets operations and merchant bank policy at JP Morgan, asserted that “The simplification of data messages across both revolvers and term loan facilities streamlines workstreams for admin agents and lenders alike.”

“Utilising Versana’s platform to automate antiquated workflows and achieve straight-through processing on a number of syndicated loan transactions represents a significant step toward true modernisation for the market,” said Ferraiolo.

Specifically, Versana allows users to digitally access global loan and lender level details in real time directly from agent bank systems – this data is normalised to ensure consistency without manual intervention.

Currently, Versana counts more than 3,600 syndicated loan facilities on its next-gen platform, which together total $2.1 trillion in commitments.

Cynthia Sachs, founding chief executive of Versana, said, “JP Morgan’s industry leading achievement of straight-through processing is clear evidence of the loan market’s digital transformation, materially reducing friction for all participants. We look forward to replicating this huge milestone with all our subscribers and making STP the industry standard.”

The post JP Morgan achieves straight-through processing on its centralised digital data platform with Versana appeared first on The TRADE.

During his 20-year tenure, Hamilton held various senior roles within the firm’s sales organisation, focused on rates, currencies and emerging markets, repo, futures and options, and commodities. Jury has more than 25 years of trading experience, including having previously served as co-head of JP Morgan’s currencies and emerging markets business. Her key focus includes the electronification of the firm’s trading capabilities and the development of the digital agenda within sales.

The London Stock Exchange Group (LSEG) moved to expand its business development division under Richard Worrell with the appointment of a former Citi individual. Reesha Radia is set to join the exchange in April as a senior manager in business development and sales. She joins after most recently spending almost five years at Citi in execution sales-focused roles, most recently as assistant vice president. Prior to joining Citi, she undertook several summer and spring analyst internships at Morgan Stanley and JP Morgan.

ING named Cathryn Meddemmen managing director, global head of electronic fixed income sales and digitisation. Meddemmen was promoted to the role after most recently serving as ING’s global head of electronic fixed income sales for two and a half years. Before joining ING, she spent seven years at Crédit Agricole as director of fixed income e-sales. Elsewhere in her career, Maddemmen held senior positions at Bloomberg and Citi.

Bloomberg appointed Josh Dresner as a new fixed income specialist. Dresner was promoted to the role after initially joining Bloomberg as a financial products analyst in September last year.

The post People Moves Round Up: JP Morgan, LSEG, ING and more… appeared first on The TRADE.

According to an internal memo, they will have global responsibility for sales and research.

Hamilton was most recently global head of macro sales and FICC e-Sales, while Jury had been head of investor client management and platform sales since 2019. 

During his 20 year tenure, Hamilton has held various senior roles within the firm’s sales organisation, focused on rates, currencies and emerging markets, repo, futures and options, and commodities.
 
Jury has more than 25 years of trading experience, including having previously served as co-head of JP Morgan’s currencies  and emerging markets business. Her key focus includes the electronification of the firm’s trading capabilities and the development of the digital agenda within sales.

The appointments follow that of Jennifer Piepszak and Troy Rohrbaugh as co-chief executives of JP Morgan’s commercial and investment bank.

Speaking in the company-wide memo, Piepszak and Rohrbaugh, said: “We would once again like to thank Marc Badrichani for his leadership, expertise, friendship and humour over the years. His vision has been instrumental in shaping the top sales and research team on the street, and his deep commitment to developing and retaining talent ensures we have an incredibly strong team in place for the future.” 

Other recent moves within the JP Morgan markets area, include the appointment of Jason Sippel and Pranav Thakur as co-heads of the markets business, and Rachid Alaoui as head of global equities.

The post JP Morgan appoints new global co-heads of sales and research appeared first on The TRADE.

The deal is intended to allow the multi-asset and broker neutral order and execution management platform to offer integrated execution, order and portfolio management services.

Both Neovest and LayerOne Financial champion the open platform approach. Once integrated, the enhanced Neovest platform will be available to hedge funds in a modular format.

Users will be able to send orders to their brokers, manage positions, monitor portfolios, and conduct risk assessments and compliance checks from a unified platform.

“Following this acquisition, Neovest can enable clients to manage their full investment lifecycle with one software provider with industry-leading capabilities,” said Jimmi Shah, chief executive officer at Neovest.

“Neovest’s key objectives are creating an exceptional client experience from on-boarding to trade execution management and expanding our product capabilities to advance and differentiate from other investment management platforms. LayerOne’s technology and people are perfectly placed to help us on this journey.”

The completed acquisition is the second announcement to include Neovest in recent months after it also partnered with MAIA Technology to enhance Fulcrum Asset Management’s execution capabilities in December. The pair have partnered to create a joint offering for the asset manager.

The post JP Morgan OEMS Neovest acquires LayerOne Financial to bolster hedge fund offering appeared first on The TRADE.