Outset Global
Independent outsourced buy-side equity trading platform, Outset Global, has expanded its global trading team with a string of several senior hires from Tourmaline Partners.
Among those joining Outset’s US team is Laurence Bag, who brings more than two decades of global equity trading experience to his new role, with a key focus on equity market structure and multi-cap strategies.
Previously in his career, Bag served as a partner at Tourmaline Partners for 16 years until his departure in August 2025, and has also worked as a trader at Greenwich Prime Trading Group.
Also appointed alongside Bag is Sean Riley, who will serve as a senior trader, working alongside Outset’s global equities and derivatives execution teams.
Prior to his time at Tourmaline, where he worked until September 2025, Riley co-founded global hedge fund Glade Brook Capital Partners and has also held various head of trading positions at firms including Shumway Capital and GLG Partners, as well as senior roles at Credit Suisse and Prudential Securities.
In addition, Tim O’Halloran has been appointed to a senior leadership role out Outset, and is set to support the firm in accelerating its US expansion in his new position.
Kepler Cheuvreux
Vito Scarola has joined Kepler Cheuvreux’s KCx team as a high touch sales trader.
Based out of New York, Scarola will report to Oliver Mudie, head of sales trading, US client zone, KCx, and is set to support the firm’s continued development of its execution strategy.
Scarola brings extensive trading experience to his new role, and joins the firm from US investment bank Stifel, where he spent nearly three years as a trader covering European equities.
Prior to this, he held various institutional sales trading positions at firms including Carnegie Investment Bank, Handelsbanken and Societe Generale.
Scarola has also served as an equity trader at Solstice Equity Management and Willowbridge Associates.
Earlier in his career, he spent six years as a proprietary trader at Spear, Leeds and Kellogg.
Bernstein
Bernstein has named Chloé Bonnaffoux as an equity sales trader, based out of Paris.
Bonnaffoux joins the firm’s Nordic and Dutch cash equity sales trading desk, with her appointment expected to expand Bernstein’s EEA client‑facing capabilities in Paris, as well as reinforce the firm’s Continental and Dutch platform.
In addition, Bonnaffoux’s addition is also set to strengthen the firm’s quantitative and electronic trading capabilities.
Barclays
Kanika Malik has joined Sumitomo Mitsui Banking Corporation Group (SMBC Group) as a repo trader.
London-based Malik joins the Tokyo-headquartered bank from Barclays, where she spent more than six years as a treasury funding and risk trader, working across areas including interest rates, asset and liability management and swaps.
Prior to this, she served at Russian investment bank, VTB Capital for almost eight years, initially joining as an associate in June 2011, before later moving up the ranks to become an associate director in 2016.
Previously in her career, Malik has also held a balance sheet management analyst role at HSBC.