Individual left UBS earlier this year following the unexpected decision to shutter its outsourced business in March 2025, as revealed by The TRADE at the time.

Last week, the market saw a swathe of moves, including appointments across high touch trading, fixed income, and equities.

The rebrand is intended to “more precisely embody the current iteration of the firm’s management policy and set the stage for further global growth,” said the firm.

Individuals join from RBC and Jefferies and have 35 years of experience between them.

The bank has also appointed a new head of cash execution risk and quantitative services.

The move demonstrates a key development in the uncleared derivatives space, contributing to the overall digitalisation of traditionally manual workflows.

Decision to switch focus to internal servicing marks the second retrenchment from a bank in the outsourced trading space this year.

The FCA has approved the move, citing the opportunity to “boost growth and unlock capital investment […] seeding a competitive market that gives greater investor access to exciting growth companies."

The appointment comes as Winterflood looks to bolster its execution offering following the announcement that the firm is set to be acquired by Marex in early 2026.

A letter had been sent by eight trade entities to the Basel Committee in relation to the Cryptoasset Exposures Standard set to go live in January 2026.