Citi named Jamie Miller head of electronic equity sales trading for the EMEA region. Based in London, Miller was appointed to head up the division in EMEA after eight and a half years with the bank, specialising in equity sales trading, according to an update on his social media. Miller originally joined Citi after serving for two internships in the bank’s markets division in 2013 and 2014. He joined as a permanent fixture in 2016 as a graduate analyst in the markets division and later moved into equity sales trading in 2018. He has subsequently continued to rise through the ranks, landing his first vice president role in 2021.

State Street appointed Tomas Truzzi as chief executive of State Street Brazil, replacing Telly Theodoropoulos, who led operations in the country since its foundation in 2019.In the role, Truzzi will be responsible for overseeing all strategic initiatives and operations within the country, with a view to promoting growth within one of Latin America’s key markets. Truzzi joined State Street Brazil as head of FX trading. In his previous role, he oversaw the foreign exchange market making desk and managed Banco Commercial’s local treasury function. Prior to joining State Street, Truzzi worked for Standard Chartered in Brazil as head of trading, responsible for reorganising its local fixed income, foreign exchange, and derivatives businesses. Before that, he served in several roles at Morgan Stanley throughout a 13-year term and managed trading desks in Sao Paulo, New York, and London, with a focus on FX, fixed income, and derivatives. 

NatWest appointed Imogen Bachra to lead its global desk strategy team, taking on the role of head of economics and markets strategy. She is set to provide a data-driven approach, providing views on key macroeconomic and market themes across various regions and asset classes. As part of her new role, Bachra will join the trading and sales management team and report to Simon Manwaring. Bachra joined the bank in 2014 and most recently led the UK rates strategy and non-dollar rates strategy. Prior to NatWest, she held positions at Credit Suisse, HSBC, and Royal Bank of Scotland. 

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Morgan Stanley Investment Management serves both institutions and high net worth individuals worldwide, spanning private equity, private credit, infrastructure and private real estate markets. 

The business operates in more than 41 countries, employing over 70,000 professionals globally.

Read more: Morgan Stanley IM latest Wall Street name to cement presence in China with fully owned China joint venture

Morgan Stanley Investment Management declined to comment when approached by The TRADE.

Perry’s retirement follows several other major retirements from buy-side trading heads in recent months. In May, global head of trading at Janus Henderson, Dan Royal, announced that he was set to step away from his role at the end of this year with Hugh Spencer due to take over the reins.

Also notable was the announcement of Jeremy Ellis’ retirement as head of European equity trading. He had been with T. Rowe Price since 2000, having started his career with defunct stockbroker Scrimgeour-Kemp Gee.

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LiquidityDirect’s technology can be leveraged by financial institutions seeking to include short-term investments in their offerings suite to provide an improved user experience through a single sign-on for their clients.

Morgan Stanley Investment Management (MSIM) will be the first financial institution to adopt the new white labelling service offering.

BNY Mellon’s platform, combined with MSIM’s global client base, will set a new industry standard for delivering efficient cash management solutions to clients, according to  a joint statement.

“In launching our white labelling offering, we are broadening access to the LiquidityDirect platform for financial institutions, enabling them to create an end-to-end, holistic user experience for their clients,” said George Maganas, head of global liquidity services at BNY Mellon.

MSIM Global Liquidity Solutions has over $353 billion in assets under management and provides cash management solutions, expertise and resources to clients.

Building off these capabilities, the firm has partnered with treasury groups to improve the automation of its cash management function, alongside offering an efficient method to invest in money market funds through MSIM’s money market investment portal. 

“The strategic collaboration between BNY Mellon and Morgan Stanley Investment Management is designed to deliver a highly differentiated combination of technology, seamless connectivity, and dedicated client service to treasury groups globally,” said Fred McMullen, co-head of global liquidity at MSIM. 

“This will allow us to increase the depth of our platform technology solutions and widen the reach of our offering to our client base.”

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The China Securities Regulatory Commission (CSRC) has approved the investment manager’s acquisition of Morgan Stanley Huaxin Funds, taking its current stake in the firm from 49% to 100%.

The firm confirmed that the equity step-up remains subject to registration and other required processes by Chinese regulators.

Morgan Stanley Huaxin Funds became a joint venture in June 2008. It offers investment management services to retail and institutional clients across fixed income, active equity, quantitative equity, and multi-asset investment.

“Wholly-owning our China mutual funds business will allow us to more fully serve this dynamic asset and wealth management market and adds a significant pillar of growth to our global investment management franchise,” said Dan Simkowitz, head of investment management at Morgan Stanley, in a statement.

“As we further invest in our onshore platform, we will bring over our four decades of industry experience and global research expertise in sustainability and diversified portfolio management to help domestic clients achieve their investment goals.”

The news follows a similar announcement from JP Morgan AM, which also gained regulatory approval to complete its acquisition of China International Fund Management (CIFM) last month.

JP Morgan AM’s approval came two years after JPMAM’s original application to buy out CIFM in 2020 and followed the lifting of Covid-19 policies in China to boost the confidence of overseas investors.

Goldman Sachs also received approval from CSRC in October 2021 to acquire the remaining equity interest in Goldman Sachs Gao Hua (GSGH) after moving to buy-out its partner following a 17-year joint venture in December 2020.

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She joins the firm from Morgan Stanley Investment Management, where she led international consultant relations and UK institutional sales over the last three years.

Prior to that, Waren spent four years at Royal London as consultant relations director.

Previously in her career, Waren served as senior investment consultant and actuary at insurance company Jardine Lloyd Thompson.

Waren announced her appointment in a social media post saying: “I’m happy to share that I’m starting a new position as head of UK sales and consultants at Western Asset Management!”

At the time of publication, Western Asset Management had not responded to a request for comment.

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Kat Ferris joins Capital Group as head of product development for Europe and Asia after serving at Morgan Stanley for the last 11 years, most recently spearheading its international product strategy for the last four years, including launching investment funds in EMEA for retail and institutional clients. Prior to joining Morgan Stanley IM, she spent five years as a senior product manager at Dutch asset manager, Robeco.

Based in London, she will report to Alexandra Haggard, head of product and investment services for Europe and Asia, and will be responsible for leading product development, management and governance in Europe and Asia and overseeing the launch of new funds across equity, fixed income and multi-asset.

“Bringing an exceptional leader like Kat on board with deep knowledge of product development and management is key to ensuring our investment offerings continue to help clients meet their investment goals and are relevant through multiple market cycles,” said Haggard.

Ferris’ appointment follows that of Belinda Gan, who was named as Capital Group’s ESG investment director for Europe and Asia in October last year. Gan joined Capital Group from buy-side giant Schroders, where she served as its investment director for global sustainability.

Elsewhere, former information chief at Aviva, Marta Zarraga, was appointed as Capital Group’s chief information officer in February last year.

“Capital Group is known for its long-term focus, multiple-manager investment approach and launching funds that will stand the test of time,” said Ferris. “I am looking forward to expanding the firm’s equity, fixed income and multi-asset strategies for both institutional and retail investors across Europe and Asia.”

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