Jefferies to pull plug on outsourced fixed income trading
The firm’s head of fixed income outsourced trading is also set to depart amid the wind down, The TRADE has learnt.
The firm’s head of fixed income outsourced trading is also set to depart amid the wind down, The TRADE has learnt.
The move is set to allow clients to offset FX futures and options exposures against eligible fixed income positions at Eurex Clearing; Union Investment acted as buy-side partner for the offering.
Move is aimed at broadening access to MarketAxess liquidity within IMTC's investment workflows.
Individual will continue as head of fixed income EMEA at the bank; previous roles include senior positions at RBC Capital Markets and Rothschild & Co.
Individual steps into role after 12 years in several sales-based positions at the firm; has previously worked at MUFG and JP Morgan.
New addition to the fixed income desk has also previously worked at BBVA and Societe Generale.
The new hire was formerly a managing director at Stifel and joins the firm as it continues to build out its fixed income sales business, The TRADE can reveal.
New hire returns to the bank after a 10-year stint at DTCC, having previously worked at Lehman Brothers and Kemper Clearing Corp.
Individual joins the firm’s fixed income business as the firm continues to build out its trading capabilities; previously served in senior roles at Stifel and T. Rowe Price.
Individual steps up after having initially joined the firm in 2018, and also previously served at firms including: Lloyds, UBS, Barclays, Merrill Lynch and Societe Generale.