Garner has two decades of industry experience, having previously spent 14 years at Credit Suisse, most recently as co-head of securitised products trading.

In his new role, Garner will be based in New York and report to global head of securitised products, Scott Eichel.

Speaking in an announcement, Eichel said: “This appointment underlines our commitment to attract and invest in the best talent. David brings a wealth of technical and product experience, alongside a strong track record of leadership in trading franchises across agency and non-agency desks.

“Looking ahead, we are confident that our clients will benefit from David’s expertise as we execute against our next set of priorities and deliver on our next phase of growth.”

Garner moved to Atlas following the Apollo Global Management acquisition of Credit Suisse’s SP franchise last year.

Barclays specifically highlighted Garner’s “deep client relationships and product knowledge” as key factors as they seek to grow its global markets business – a key revenue driver for the firm.

Barclays’ stated goal is to become a top five securitised products trading desk in the US.

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Robbert Booij is set to take over as chief executive of Eurex Frankfurt AG, effective from 1 July 2024, succeeding Michael Peters in the role. Booij, who is joining the Eurex executive board in May, most recently served as chief executive of ABN AMRO Clearing, having been appointed in 2018. He has also previously held senior positions at: ICE Clear Netherlands, AFN, and the FCA. Booij is also currently chair of the European Advisory Board and member of the Global Board at FIA, as well as having previously served as chair of the Eurex exchange council. 

Abhay Kumar Sinha was named co-head of credit trading, Asia Pacific at Barclays, set to lead the credit business alongside James Roberts. Sinha has held numerous senior positions during his 25 years in the credit industry, having most recently served at Deutsche Bank for seven years, including as managing director and head of special situations – Asia. He also led Deutsche Bank’s corporate financing business in India and contributed heavily to the development of the bank’s structured finance business across south and southeast Asia. 

Mark Burgess joined commodities specialist Marex as equities trader following a 14-year stint at Winterflood Securities. Burgess joined market maker Winterflood back in 2009 and has served as European equities trader, head of European market making, and most recently UK equities trader. Burgess’ appointment follows two other traders, Ben Ralph-Davies and Joel Russell, who left Winterflood’s London business last year to join rival market maker Shore Capital, according to sources. 

Virtu Financial appointed Simon McGhee in an exchange-traded product (ETP) and fixed income sales role. McGhee joined Virtu Financial after a career break, which followed a nearly eight-year stint at Bluefin Europe. While at Bluefin, McGhee most recently served as a partner – a position he held for 10 months. Prior to that, he was director, head of ETF business development at the firm. Before joining Bluefin, McGhee held an iShares capital markets role at BlackRock for three years. His previous roles include stints as a portfolio/ETF execution trader at Barclays Capital; pan European sales trader at Blue Oak Capital; stockbroker at Compagnie Financial Tradition; equity dealer at City Equities.

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Abhay Kumar Sinha has been named co-head of credit trading, Asia Pacific at Barclays, set to lead the credit business alongside James Roberts.

Sinha has held numerous senior positions during his 25 years in the credit industry, having most recently served at Deutsche Bank for seven years, most recently as managing director and head of special situations – Asia.

He also led Deutsche Bank’s corporate financing business in India and contributed heavily to the development of the bank’s structured finance business across south and southeast Asia. 

Speaking to the appointment, Hossein Zaimi, head of markets for APAC, said: “We are excited to welcome Abhay who brings with him a unique blend of leadership and market acumen. His appointment also underscores our commitment to assembling a high-calibre team, reinforcing our position as one of the region’s industry leaders in credit and ensuring Barclays remains a trusted partner to our clients.”

Singapore-based Sinha will report regionally to Zaimi, and functionally to Drew Mogavero, global head of credit products. 

Read more: Fireside Friday…with Barclays’ Matt Coupe

“Abhay’s expertise will augment our best-in-class credit trading capabilities. We look forward to leveraging his experience and knowledge to continue to deliver exceptional value to our clients,” asserted Mogavero. 

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Ruchir Sharma was appointed global head of foreign exchange option trading at Nomura following a stint at Deutsche Bank where he served as co-head of APAC global foreign exchange. Based in London, Sharma will report to Kevin Connors, co-head of global FX and emerging markets and is set to leverage his two decades of experience in FX markets. In this new role, Sharma will be responsible for “leading the growth and development of Nomura’s FX Options business, enhancing both the bank’s client franchise offering and trading capabilities,” according to the business. In addition, he will focus on ensuring close coordination between the FX trading and sales teams. He was previously managing director and head of APAC FX trading at Credit Suisse for almost 13 years, and before that served as a director at Bank of America Merrill Lynch, where he ran the emerging exotic derivatives for ML Asia Pacific. 

Cantor Fitzgerald’s head of equities for Asia, Hani Shalabi, has left the firm to join emerging markets investment bank Arqaam as its new head of equities execution services. Shalabi will be responsible for leading and expanding the bank’s equity execution and distribution capabilities across the Middle East, Africa, and Asia. Arqaam confirmed that Shalabi will have a specific focus on enhancing the firm’s electronic trading capabilities as well. Shalabi most recently served at Cantor Fitzgerald as its head of equities for Asia, based in Hong Kong, a role he held for three years. Previously in his career, Shalabi spent two years as head of execution services for Asia at Deutsche Bank and 10 years at Credit Suisse as head of electronic trading for advanced execution services. He also previously spent two years at UBS as head of electronic trading for Asia. He began his career at Morgan Stanley supporting its trading platforms and infrastructure.

Barclays appointed Jean-Baptiste Patois as head of equity derivatives ex-strategic derivatives, Asia Pacific, responsible for leading exotics and flow derivatives. He was most recently managing director and head of equity derivatives trading, Asia ex-Japan at Nomura. Hong Kong-based Patois will report regionally to Hossein Zaimi, head of markets, APAC, and functionally to Ashish Prabhudesai, global head of structured derivatives and non-US Flow. Patois has a wealth of experience working in equity derivatives focused roles across several markets including North America and Europe. Past roles have included stints as head of exo, flow and hybrids for APAC at Credit Suisse and before that as an equity derivatives trader at Societe Generale Corporate and Investment Banking.

Kepler Cheuvreux Execution Services (KCx) added Sophie Egan to its high touch sales trading team, based in London. Egan was appointed equity sales trader, joining from Morgan Stanley where she spent the last two years in the same role. Elsewhere in her tenure at Morgan Stanley, Egan served as an analyst for two years. As part of her new role, Egan will help develop Kepler Chuevereux’s strategy to grow its execution footprint and expertise across the globe.

The post People Moves Monday: State Street Global Advisors, Nomura, Arqaam and more… appeared first on The TRADE.

He was most recently managing director and head of equity derivatives trading, Asia ex-Japan at Nomura.

Hong Kong-based Patois is set to report regionally to Hossein Zaimi, head of markets, APAC, and functionally to Ashish Prabhudesai, global head of structured derivatives and non-US Flow.

Speaking to the appointment, Prabhudesai commented: “JB’s track record and expertise are exceptional and we are thrilled to have him with us. His valuable industry experience will be a key driver as we continue to expand our global derivatives business in the region.”

Patois has a wealth of experience working in equity derivatives focused roles across several markets including North America and Europe. 

Past roles have included stints as head of exo, flow and hybrids for APAC at Credit Suisse and before that as an equity derivatives trader at Societe Generale Corporate and Investment Banking.

Zaimi said: “We are delighted to welcome JB to Barclays which underscores our strong dedication to the growth and success of our equity derivatives business in the APAC Markets franchise. His appointment is also testament to our focused efforts in consistently delivering outstanding results for our clients and driving accretive returns in APAC.”

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The new international trading member will participate in trading as of today. These entities currently contribute to more than 85% of the equity turnover in Vienna. 

Specifically, 47.6% of the turnover originates from Germany, 20.7% from France (20.7%), and 11.3% from Ireland. 

Barclays joins a list of 66 members who are currently admitted to trading on the exchange, including 21 Austrian and 45 international banks and securities firms. 

Raoul Salomon, co-head of markets at Barclays Europe, said: “Barclays serves clients with comprehensive and integrated solutions across global markets, and we are pleased to join the Vienna Stock Exchange today. Europe is central to our strategy and joining this exchange will offer our clients direct access to an important European market and help diversify portfolios.” 

Last September, the Vienna Stock Exchange included electronic market maker Optiver to its platform.

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LCH Group appointed Corentine Poilvet-Clédière as chief executive of the firm’s Paris-based European central counterparty LCH SA. Poilvet-Clédière will assume the role on 1 October, subject to regulatory approvals. She will replace Christophe Hémon, who confirmed he would be stepping down as chief executive of LCH SA on 1 October – when Poilvet-Clédière assumes the role – after nearly two decades in office. Poilvet-Clédière brings over 15 years’ experience in financial markets to the role. She currently serves as head of RepoClear and collateral management at LCH SA. Before that, Poilvet-Clédière was global head of regulatory strategy at LSEG.

Sonal Rashmi has joined equity trading business Instinet in an execution sales role, following seven and a half years at Goldman Sachs. In this new role, she will focus on EMEA clients trading globally – specifically quant clients, The TRADE understands. She was most recently vice president at the investment bank, responsible for the algorithmic trading performances of key clients, as well as undertaking strategic analysis. During her tenure at Goldman Sachs, London-based Rashmi also previously worked as an associate and an analyst. Prior to this, she was a group strategy analyst at HSBC, working across technology strategy, innovation, and blockchain.

Allianz Global Investors appointed Kayvan Vahid as head of equity Europe core and value. Vahid joined AllianzGI from UBS Asset Management where he served in a variety of roles over the last 20 years. Most recently, Vahid served as deputy head of global value equity and head of European mid cap equities, where he held responsibility for managing a range of institutional and retail funds across global, European and UK equity mandates. Prior to that, he served as a portfolio manager for European small and mid-caps as well as a European equities research analyst. As part of the role, Vahid will help strengthen and expand the firm’s capabilities in the fundamentally-managed European core and value space.

Both Barclays and JP Morgan made new appointments within their equities trading and sales teams. Doug Polera was appointed as an equity sales trader at Barclays, joining from Credit Suisse where he spent the last 18 years. While at Credit Suisse, Polera most recently served as director of equity sales trading. Prior to that, he was vice president of international equity trading at the firm.

Elsewhere, Louis Barré was appointed equity derivatives trader at JP Morgan, joining from Barclays where he held the same role. Previously in his career, Barré also served as an equity derivatives trader at Societe Generale Corporate and Investment Banking (SGCIB) as well as Mosaic Finance. Before joining Mosaic Finance, he served as a front office trading assistant for derivative listed products at SGCIB.

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Doug Polera was appointed as an equity sales trader at Barclays, joining from Credit Suisse where he spent the last 18 years.

While at Credit Suisse, Polera most recently served as director of equity sales trading. Prior to that, he was vice president of international equity trading at the firm.

Elsewhere, Louis Barré has been appointed as an equity derivatives trader at JP Morgan, joining from Barclays where he held the same role.

Previously in his career, Barré also served as an equity derivatives trader at Societe Generale Corporate and Investment Banking (SGCIB) as well as Mosaic Finance.

Before joining Mosaic Finance, he served as a front office trading assistant for derivative listed products at SGCIB.

Both Polera and Barré announced their appointments through social media posts.

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LCH – part of the post-trade division of London Stock Exchange Group – has announced that Barclays and Barclays Ireland are now live as clearing brokers at CDSClear.

Europe-based CDSClear allows users to cross-margin European and US products. It became an international service in 2012, following regulatory efforts to enforce the central clearing of certain credit default swaps. Two years later, the European Securities and Markets Authority reauthorised the CCP to clear the products under the European Market Infrastructure Regulation.

According to LCH, it is currently in the process of expanding its clearing network and the range of credit products eligible for clearing.

“We look forward to partnering with Barclays to enable its clients to gain clearing efficiencies through netting and portfolio margining at the largest CDS CCP in Europe,” said Frank Soussan, global head of LCH CDSClear.

As a clearing broker, Barclays is set to advance its clearing efficiencies and its clients will benefit from capital gain opportunities and the clearing house’s ‘robust’ risk management. 

Gary Saunders, managing director, head of prime derivatives services at Barclays Corporate and Investment Bank, said: “Going live with LCH CDSClear provides new opportunities for our customers in the credit clearing space and extends our strong relationship with LCH into an additional service.”

LCH also announced that its 24-hour foreign exchange clearing service, ForexClear, cleared the first NDF trade for Axis Bank – where Societe Generale acted as clearing broker.

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New York-based independent prime broker Clear Street hired a team of investment bankers to build out its new investment banking and advisory offering. John D’Agostini was appointed co-head of investment banking, joining Clear Street from JonesTrading, where served as managing director, investment banking for over 12 years. Earlier in his career he held equity sales and trading positions at Cantor Fitzgerald. His fellow co-head is Nicholas Hemmerly who joined Clear Street from his role as senior managing director, head of investment banking at Bridgeway Capital Partners. Elsewhere in his career, Hemmerly held senior positions at JP Morgan, PwC, Hefferies and JMP Securities.

Clear Street also named Ryan Gerety as managing director, investment banking. Gerety joined from JonesTrading, where he spent 11 years, serving most recently as managing director, equity capital markets. Elsewhere, Wes Hefferman joined Clear Street as executive director, investment banking. Before joining the firm, he served as senior vice president, investment banking at EF Hutton. Prior to that, he served as an analyst at Guggenheim Partners and Maxim Group.

Liquidnet’s co-head of trading for EMEA, James Kirk, has departed for pastures new, The TRADE revealed last week. He departed after spending the last two years as Liquidnet’s co-head of EMEA trading, according to an update on social media. His next role is unconfirmed. Kirk first joined Liquidnet as an equity trader in February 2015 after also previously serving in a similar role at BTIG. He also previously held senior positions at ConvergEx Group as vice president, and RBS as European head of agency portfolio trading.

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