Former L&G global trading head joins Fintech firm

Stephen Grady left the UK asset manager in March, with LGIM now splitting global trading responsibilities across senior traders.

The former global head of trading at Legal and General Investment Management (LGIM) has joined fintech firm Ipreo as its new head of market structure.

Stephen Grady left the UK’s biggest asset manager in March this year, with his former role being split between senior traders in London and Chicago.

Based in London, he will head up market structure and strategy for Ipreo.

Grady becomes the latest buy-side trader to join the Fintech world. Schroders former global head of trading, Rob McGrath, left the asset manager to set up his own New-York based fintech advisory firm, ZiglQ.

Mark Northwood, the former global head of equity trading at Fidelity, also left last year to create Bips Global, an analytics and technology focused investment consultancy firm.

“Having had the opportunity to work closely with Stephen over the past few years, I can’t think of anyone better prepared to help us execute on our mission of connecting participants in the primary capital markets,” said Bill Sherman, EVP, head of the global markets group, Ipreo.