JonesTrading’s European outsourced desk head departs for Outset Global

New managing director for Outset has held head of trading roles at Perry Capital, Adams Hill Partners, Caxton Associates and JonesTrading.

Outset Global has appointed a buy-side industry veteran to become a new managing director in its outsourced trading group, The TRADE can reveal.

Peter Sellers joins Outset Global in a US-based but European focused role after most recently serving as head of European outsourced trading at JonesTrading for nearly three years.

Prior to joining JonesTrading, Sellers spent four and a half years as head of global equity trading at Caxton Associates and two years at Adams Hill Partners as head of international trading.

Sellers also spent two years as head of European trading at Perry Capital London, and served as a director of capital markets execution at Cantor Fitzgerald and a US event trader at Perry Capital New York.

“Peter’s arrival is testament to the growing demand Outset continues to see from asset managers of all kinds seeking an independent trading partner with a global presence,” Outset Global’s founder Raymond McCabe told The TRADE.

There have been several major outsourced trading appointments in the last year as demand for the trend continues to increase. Most recently, the former 17-year head of trading at Bluebay Asset Management joined Cowen to expand its outsourced capabilities in fixed income.

Sellers’ appointment also follows that of Cristina Escalante, a former Goldman Sachs executive, who joined Outset’s London office in December to grow its global offering.