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.

NINGI Research currently has a short position in the business, which has prompted a to and fro between the two companies as to the motivations behind the accusations levelled against Marex.

Voting is now open, and industry participants are invited to nominate their winners – whether that be yourself or your peers; vote closes on 10 October 2025.

UBS has previously stated its objective to address Credit Suisse’s outstanding matters “swiftly, fairly, and in a balanced manner, in the best interest of all stakeholders”.