Marex
Marex has launched a new private markets desk, with the aim of enhancing the firm’s FX and interest rate offerings.
The new offering is set to boost Marex’s capabilities for private capital managers, providing high touch, institutional grade access to structured currency risk management and interest rate solutions.
The desk is set to be supported by Marex’s current purpose-build technology, investment grade credit rating and global market connectivity, and also sees the firm bringing in two new hires to lead the desk.
Specifically, Lloyd Beeston joins as head of dealing for private markets, while Jack Carnell is set to take on the role of head of portfolio solutions for private markets.
Speaking to The TRADE, Carnell said: “The launch of this desk is a significant step in the continued expansion of Marex’s capital markets business.Our appointments are central to that ambition. We bring the experience, relationships and technical expertise needed to establish a high-touch platform tailored to the needs of private capital managers. More broadly, this underlines Marex’s commitment to investing in specialist capabilities that help clients operate with greater confidence in an increasingly complex cross-border environment.”
Both Beeston and Carnell bring more than a decade of institutional FX experience across private markets to their new roles, joining Marex after stints at Argentex Group.
During their times at Argentex Group, Carnell served as a senior vice president for more than seven years, while Beeston worked across several roles during his nine-year tenure at the firm, most recently as a senior trader.
State Street
State Street Investment Management has named Jack Kelly as an assistant vice president, fixed income trader.
Boston-based Kelly joins the firm after nearly four years at investment manager Victory Capital, where he served as a multi-asset trader.
Previously in his career, Kelly has also worked across various trading and analyst-based roles.
Specifically, he spent more than a year at Amundi US, initially joining on the trading desk, before later moving up the ranks to become a performance analyst.
Kepler Cheuvreux
Kepler Cheuvreux has expanded its KCx team, with the addition of Karim Boumail as a high touch sales trader, effective May 2026.
Based out of Paris, Boumail is set to support the firm’s development of its execution strategy, and joins a team which spans locations including Amsterdam, Dubai, Frankfurt, Geneva, London, New York and Stockholm.
Boumail joins the firm after spending more than eight years at ODDO BHF, where he served as a European equity sales trader in Paris.
Prior to this, he also held the same role at Tradition for more than seven years.
He began his industry career as a trader at French asset manager Financière de Champlain.