Bernstein
Juan-Carlos Rhodes has left his role as head of electronic trading at Bernstein, to depart for pastures new, as revealed by The TRADE.
Based out of London, Rhodes’ departure marks the end of a 16-year tenure at the firm, where he worked extensively across program and algorithmic trading.
His next role is currently unconfirmed. Prior to his time at Bernstein, Rhodes also served as a senior equity trader at APG Financial for more than six years, where he worked out of the firm’s New York and Amsterdam offices.
Previously, he also served as a program trading sales trader at JP Morgan for almost seven years.
Rhodes departure also aligns with further shakeups for Bernstein’s electronic offering, as Luke Stalder is set to leave his role as an electronic sales trader on the firm’s Paris desk to pursue a career on the buy-side.
Stalder has worked at the firm since July 2021, and initially joined Bernstein based in London, before moving to Paris in April 2024.
State Street Investment Management
State Street Investment Management has appointed a new head of Asia Pacific, Middle East and Africa ETF capital markets.
Jean-François Mesnard-Sense rejoins the firm after a three year-stint at Hong Kong Exchanges and Clearing (HKEX).
Hong Kong-based Mesnard-Sense spent three years at HKEX as head of exchange traded products (ETPs), where he supported the growth and innovation of Hong Kong’s ETP market.
He has worked extensively across ETFs over the course of his career, and previously spent five years at State Street Investment Management, where he served as an ETF capital markets specialist, before later being promoted to head of ETF capital markets for APAC.
Mesnard-Sense also worked across ETF markets for three years at Deutsche Bank in London, with a particular focus on EMEA.
Earlier in his career, he served as a portfolio manager assistant at Societe Generale.
Qube Research and Technologies
Quantitative and systematic investment manager Qube Research and Technologies (QRT) has appointed Ludovic Thermac as a quantitative trading director, effective 1 June 2026.
Thermac joins the firm after nearly two years at Squarepoint Capital, where he served as a portfolio manager, based in Paris.
He brings more than two decades of industry experience to his new role, and prior to his time at Squarepoint Capital, worked as a trader on IMC Trading’s positional trading desk for more than two years.
He has also held deputy head of non-linear trading and head of index options trading positions at Exane, and worked extensively at Societe Generale, serving in various different trading roles across volatility and delta one for more than 15 years.
Thermac also gained early career experience at Lyxor Asset Management as a fund manager.