One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
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McLoughlin has been with Liontrust for almost 10 years, most recently as its chief commercial officer; the asset manager has opted to outsource its trading following his departure.
Incoming individual had been with the broker for more than three decades, heading up the firm’s Americas trading offering.
With the addition of Euronext Clearing, Baton’s CCP coverage now includes 96% of initial margin worldwide (as per Public Quantitative Disclosures).
The past week saw a head of trading appointment as well as FX and equities trading-related additions.
The return comes two years after Dominic Eccles initially departed, as revealed by The TRADE at the time.
Individual has previously worked at: Merian Global Investors, Old Mutual Global Investors, Goldman Sachs, ITG, and the UK's Financial Conduct Authority (FCA).
The TRADE sits down with Serge Marston, head of EMEA at CME Group, to discuss how liquidity dynamics are evolving across the derivatives space, how best to manage risk and the key developments allowing for improved efficiency in this landscape.
Appointment has spent over six years at Seilern, initially joining as an equity trader.
Cash consideration values the entire issued and to be issued ordinary share capital of TISE at an estimated £70.4 million.
The move is scheduled to be implemented in Q2 2026, subject to regulatory review and approval of any necessary rule changes.
Incoming individuals have previously worked at Fideuram Asset Management, Jefferies, JP Morgan Asset Management, and Susquehanna International Group.
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