Peel Hunt
Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE.
Ian Cannacott has been with Redburn Atlantic for almost 10 years, assuming his most recent role in 2023. Cannacott previously served at State Street, Instinet, Dresdner Kleinwort and Credit Suisse.
He replaces Nishad Vallonthaiel as head of electronic trading. Vallonthaiel is departing Peel Hunt for pastures new, as revealed by The TRADE earlier this month.
A spokesperson for Peel Hunt confirmed the move. Cannacott could not be reached for comment.
Redburn Atlantic
Redburn Atlantic’s global execution teams have undergone a redraft with the addition of four new individuals alongside three departures, as revealed by The TRADE
Among the additions is Reto Meroni who has joined Redburn Atlantic’s Zurich office to build out its execution presence with Swiss accounts. Meroni joins from Sanford Bernstein and also previously served at Lehman, Goldman Sachs, UBS Investment Bank and Nomura.
In the US, Finn Maloney is set to join Redburn Atlantic’s US execution team to help with the ongoing build out of its US electronic offering. The move follows Redburn Atlantic’s winning Best Agency Broker at The TRADE’s inaugural 2024 Leaders in Trading New York Awards in November.
Based in the UK, Brian McCormack has joined the electronic execution desk from Panmure Liberum. Prior to Panmure Gordon, McCormack has also previously served at RBS, ABN AMRO, Shore Capital, HSBC Securities and GNI.
Pete Murden is also set to re-join the firm in July from Tourmaline. Murden previously served at Redburn between 2004 to 2022 before leaving to join RBC.
“Reto has a superb reputation with the Swiss clients and beyond. Finn will bring some additional technical expertise to a US desk which is one of the fastest growing areas of our business,” added Quick.
“Brian’s arrival fits with our approach to bring a high touch service to the low touch desk – something we have been offering for years and one of the reasons for our multiple Best Client Service Awards at the Leaders in Trading Awards. Pete Murden is coming home after a brief sojourn elsewhere and we know the quality he brings.
Also departing are Sam Dawson and Courteney Morrison.
Morrison has been with Redburn Atlantic for almost four years, most recently serving as a director in sales trading. Previously in his career, he also spent seven years at Citi in equity sales trading roles.
“We wish those leaving the firm the very best of luck with their new opportunities and we expect to continue to make further hires as our integration into the broader Rothschild & Co group continues,” said Andrew Quick, global head of execution at Redburn Atlantic.
RBC Capital Markets
RBC Capital Markets has appointed Ralph Boumalham as director and head of European leveraged loan trading, according to a memo seen by The TRADE.
Prior to joining RBC, Boumalham has operated in similar roles at UBS and Nomura.
In his new role, he is set to help bolster RBC’s leveraged credit trading platform, also working closely with the leveraged finance team in global investment banking, and sales and trading.
He will report to Olivier Lavie, head of high yield and loan trading, Europe.
Three other appointments have also been made. Among them, Mousumi Dey is set to assume the position of director, high yield and leveraged loan sales.
She most recently worked at Unicredit, and in her new role will focus on leveraged credit product distribution, working with the leveraged finance team in global investment banking, and sales and trading.
Dey will report to Michael Mulholland, head of European leveraged credit sales.
In structured credit, Justin Stratton-Christensen has been named director, structured credit sales.
Previously, he has served at firms including Citigroup, Lloyds, Demica Finance, and KNG Securities.
In his new position he will report to Simon Johnson, European head of credit sales at RBC and focus on the firm’s growth plans for the origination and distribution of asset-backed securities, as well as collateralised loan obligations (CLOs), as well as enhancing client coverage in the region.
The fourth hire is Stuart Marenghi, now director, hedge fund sales, also reporting to Johnson.
He joins from Wells Fargo Securities International, and in his new role is set to focus on “deepening” RBC’s coverage of hedge funds and leveraged finance clients across investment grade and leveraged credit products.
DNB Carnegie
Steve Hemmings has been promoted to the position of equity sales trader at DNB Carnegie, following more than 11 years at Carnegie Investment Bank, as revealed by The TRADE.
The move will see London-based Hemmings bring extensive industry experience to his new role, spanning mutual funds, private equity, finance and investment strategies.
He also leaves behind his previous position as sales trader at Carnegie Investment Bank covering pan-Nordic and European equities.
Hemmings joined Carnegie Investment Bank in 2013, which merged with DNB Markets in 2025 to become DNB Carnegie, with the aim of expanding its client services and product offering.
Previously, he also worked as an equity sales trader at KBW from September 2010 to August 2013.
Prior to this, he has also held executive director roles at UBS Investment Bank and Lehman Brothers and served as a managing director at Commerzbank.
Hemmings confirmed his appointment in an announcement on social media.
Citi
Benny Aroeman has joined Citi as head of markets for Indonesia in a push to bolster the firm’s client solutions and markets business.
Aroeman brings more than 30 years of industry experience to his new role, largely covering the delivery of derivatives, structured products and risk management solutions to Indonesian clients.
His new role aligns with an increased focus on markets in the South Asia region, and will see him reporting to Sue Lee, head of markets for Asia South, and Batara Sianturi, Citi country officer and banking head for Indonesia.
Speaking to the appointment, Sianturi said: “We see client activity increasing across our interconnected businesses as foreign and domestic investments into Indonesia continue to strengthen. Our clients will greatly benefit from Benny’s insights and expertise.”
He joins Citi from ANZ Indonesia, where he held the position of head of markets for Indonesia from February 2019 to February 2025.
Prior to this, Aroeman was head of sales for treasury and markets at DBS Bank in Indonesia for 12 years.
He has also served as deputy head of corporate sales for global markets for HSBC Indonesia and at Deutsche Bank Indonesia as part of a senior sales corporate coverage group for global markets.
“We have a strong commitment to deliver market leading solutions to our Indonesian clients, and Benny’s appointment underscores this commitment,” said Sue Lee.
“He brings an impressive track record and deep market expertise, and I am confident that under his leadership, we will accelerate growth in Indonesia for our clients.”
Payden & Rygel
Marcus Sheridan has joined investment manager Payden & Rygel as a fixed income trader.
The move sees Sheridan leaving Pimco where he has served for the last five years, most recently as vice president from January 2024 to June 2025.
Sheridan will be based out of Los Angeles in his new role.
He has also previously held senior associate and associate positions covering portfolio management at Pimco.
Prior to this, Sheridan spent more than five years at State Street in Massachusetts, where he worked as a FX middle office specialist, as well as an operations specialist.
Sheridan confirmed his new appointment in a social media announcement.
Payden & Rygel had not responded to a request for comment at the time of publication.
LSEG
LSEG has appointed former Taula Capital executive, Nick Rustad, as its new group head of LCH SwapClear and listed rates.
Rustad brings 25 years of financial markets experience to his new role, which will see him assuming the responsibility for driving the growth and performance of SwapClear and listed rates clearing services.
He will report to Susi de Verdelon, chief executive of LCH, who was appointed to the role in January 2025.
She said: “I am delighted to welcome Nick Rustad as group head of LCH SwapClear and listed rates. Nick’s experience will be incredibly valuable as we focus on delivering new products, as well as the growth and resilience of the services in the years to come.”
He joins LSEG from Taula Capital, where he served as deputy chief operating officer from January 2024 to January 2025.
Previously, he also worked at JP Morgan for more than 20 years, in positions such as global head of futures and derivatives clearing and head of EMEA emerging markets interest rates trading. His time at the firm also included a stint in Moscow as treasurer for JP Morgan Moscow from January 2008 to December 2009.
He was also a non-executive director for LCH from 2021 to 2022, as well as a member of the board of directors for the FIA from 2016 to 2022, serving as chair for two years.