Peel Hunt’s head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal.
A spokesperson for Peel Hunt confirmed Vallonthaiel’s departure and that the firm was actively recruiting to fill the role.
Vallonthaiel could not be reached for comment.
His next role is unconfirmed.
Vallonthaiel was appointed head of electronic and program trading at Peel Hunt in 2023 after most recently serving at Numis Securities.
Prior to moving to the UK and joining Numis, Vallonthaiel also served in a variety of hedge fund and private banking roles in Switzerland. Since moving to the UK, he has served in senior electronic and program focused roles.
Previous companies include Bloomberg Tradebook, Execution, Canaccord, C.I.M Banque, Banca Commerciale, and Lugano Espirito Santo Investment Bank.
The TRADE reported in April that Numis had shuttered its low touch electronic trading desk after concluding the unit was not part of its core business.
In the same week, Deutsche Bank confirmed it was set to acquire institutional broker Numis for £410 million, according to documents seen by The TRADE.