David Cantillon has left Goldman Sachs to join Morgan Stanley in London as a Managing Director and Head of European Prime Brokerage.
Cantillon joins Morgan Stanley from Goldman Sachs where he worked for 12 years, most recently as head of Prime Brokerage Sales in Europe. In this role, he was responsible for business development and sales of prime brokerage and swaps products to hedge funds. Between 1998 and 2004, Cantillon was Head of European Convertible Bonds at Goldman Sachs.
From today, the Spanish derivatives exchange MEFF has expanded its futures and options contracts to cover all the underlying shares in the IBEX 35, and PRISA.
This means MEFF now provides 100% coverage of the Index’s capitalisation, both with futures and with options.
Reuters Trade and Risk Management division says it has signed up eight new clients in Europe for its Kondor+ platform, which includes pre-trade analytics, risk management and compliance reporting, and post-trade settlement functionality. It covers the full range of financial instruments from bonds and equities to exotic derivatives and structured products.
Credit derivatives trade matching and processing services provider T-Zero has hired George Harrington as Chief Operating Officer.
Launched in the summer of 2005, T-Zero claims to have gained strong momentum over the past year as an increasing number of dealers, buy-side market participants and prime brokers sign on for the service. The company claims to have experienced a 338% growth rate in the second half of 2006 compared to the first have of the year.
Patsystems says Nomura Securities International, Inc. in the US has bought its complete trading platform, including the Pro-Mark front-end for high-volume professional traders. Also in the initial phase, Patsystems will provide Nomura with access to CME (Chicago Mercantile Exchange), CBOT (Chicago Board of Trade), Euronext.liffe and Eurex. This contract follows Patystems' announcement, earlier this month, of a contract signed with US-based Midas Securities to provide Midas with front-end trading systems.
The former head of programme and algorithmic trading initiatives at HSBC Securities, Jim Leman, has joined Westwater as Managing Director and Principal. He becomes head of Westwater Corp’s Capital Markets Practice.
Linedata Services says that its first European LongView ASP client is live. River and Mercantile Asset Management LLP bought the application last summer, and went live at the end of November 2006.
LongView ASP is Linedata's hosted portfolio management, order management and compliance system, including LyNX, its fully managed electronic trading service. The service provides secure end-to-end processing to fully support River and Mercantile's investment management business.
Kx Systems, which provides analytics on streaming and historical price data, says that Niall Dalton has joined the company as Chief Solutions Architect.
The position of Chief Solutions Architect was created for Dalton, an expert in developing scalable parallel and distributed solutions. He will advise Kx prospects and customers before and after the sale on the IT architecture best suited to their performance requirements.
Greenwich Alternative Investments' global hedge fund index ended 2006 up 12.07 per cent. Over the year to end-December, the Greenwich Global Hedge Fund Index, which includes 1,007 funds, returned 1.49 per cent, compared with the S&P 500's return of 15.79 per cent. The S&P 500 for 2006 was up 15.79 per cent.
Union Bancaire Privée (UBP) has named Watson Wyatt investment consultant Gideon Nieuwoudt as head of alternative investment research for Europe and Asia, and deputy head of alternative investment research.