People Moves Monday: A major farewell

The past week saw appointments from Cboe Global Markets, Jupiter Asset Management, UBS Asset Management and Numis Securities, alongside a departure from LSEG’s Turquoise.

Industry veteran Dr Robert Barnes is set to step down as the CEO of London Stock Exchange Group’s (LSEG) Turquoise at the end of this year, as revealed by The TRADE. He will depart from LSEG’s MTF after serving as its chief executive officer for the last nine years. During his tenure at the helm of the pan-European trading platform, Barnes built out Turquoise, adding initiatives such as the agreement with the Plato Partnership to rebrand its block trading and uncross services, a relationship which has facilitated over €1 trillion in equities traded. It is not yet known where his next move will be or who will replace him.

Cboe Global Markets named Iouri Saroukhanov as its new head of European derivatives. Based in London, Saroukhanov will oversee Cboe Europe Derivatives (CEDX), reporting directly to Natan Tiefenbrun, president of Cboe Europe. Saroukhanov replaces Ade Cordell, who will become president, Asia-Pacific, overseeing the business operations of Cboe Australia and Cboe Japan (formerly Chi-X Asia Pacific), alongside holding responsibility for the company’s further expansion into the region. Saroukhanov joined Cboe Global Markets from Bloomberg, where he served as equity derivatives specialist over the last six months. Prior to Bloomberg, Saroukhanov spent nearly 16 years at Liquid Capital Group, most recently as senior trader on the Euro STOXX 50 derivatives desk.

Jupiter Asset Management promoted one of its own, Mike Poole, for the role of head of trading. Poole was appointed to the position after serving at Jupiter Asset Management for nearly 18 years. Originally joining Jupiter in 2005 as a dealer, he later moved to the newly created centralised fixed income dealing desk in 2010 to start trading high yield, investment grade, fins, rates, convertible bonds, government bond futures and FX. He was promoted to his most recent role as head of fixed income dealing in 2017. Prior to joining Jupiter in 2005, Poole spent a year at Barclays Wealth as a portfolio manager.

Former senior abrdn dealer, Matthew Drake, joined UBS Asset Management as an equity execution trader, based in London. He joined the asset manager after spending the last 16 and a half years at abrdn, joining in 2006 as a portfolio analyst for pan-European equities and later becoming an equity dealer in 2008.

Numis Securities appointed James Crammond as a member of its electronic sales and trading team, headed by Nishad Vallonthaiel. Crammond joined the firm from Olivetree Group, where he served as a sales trader for the past year. Before that, he held the same role at Louis Capital Markets UK. Previously in his career, Crammond spent seven years at Liquidnet Europe as an algorithmic trader. In addition, he spent nearly 10 years at HSBC as head of its financial sector. Other previous roles include serving as portfolio manager at Apex Capital Markets, and head of equity trading at BGC Partners.