People Moves Monday: Clear Street, Citi and Tourmaline Europe
The past week has seen a swathe of moves across outsourced trading, equities and algorithmic trading.
Outsourced trading
Clear Street brings in ex-UBS trader to lead European outsourced trading business
Individual spent three years at UBS as a multi-asset trader and has also previously worked at Axia Futures and Odey Asset Management.
People Moves Monday: JP Morgan, State Street and Kepler Cheuvreux
The past week has seen a variety of moves spanning the sell-side, outsourced trading and sales trading.
State Street expands partnered trading team with senior appointments
The hires, based in Frankfurt and London, join from firms including UBS and Western Asset Management.
BTIG adds former UBS outsourced trading head to bolster EMEA team
Individual left UBS earlier this year following the unexpected decision to shutter its outsourced business in March 2025, as revealed by The TRADE at the time.
BNP Paribas to stop offering outsourced trading to external clients
Decision to switch focus to internal servicing marks the second retrenchment from a bank in the outsourced trading space this year.
Clear Street brings in UBS hire to launch outsourced trading platform
The move follows UBS’ shock departure from offering outsourced trading in March this year.
Wells Fargo outsourced trading expert returns to Tourmaline
Individual has been re-hired by Tourmaline Partners after four years; outsourced provider is looking to leverage his experience across both the buy- and sell-side.
UBS makes shock exit from outsourced trading game
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
Beyond the Data: A shift from co-sourced to full outsourced trading could mark a new frontier
Claudia Preece delves into The TRADE’s 2024 Outsourced Trading Survey findings, which showed an uptick of respondents opting for the fully outsourced model over co-sourcing.