S&P Global 
Alex Sedgwick has taken on a new role at S&P Global, after being appointed as the firm’s new global head of fixed income and municipals, primary markets after the recent departure of Carl James.
Sedgwick’s promotion follows James’ retirement announced in November 2026, after almost four years at S&P Global.
James’ industry career – which span more than three decades – saw him head up various fixed income and FX trading and dealing senior positions at firms including Pictet Asset Management, BNP Paribas Asset Management, Janus Henderson and UBS Global Asset Management.
Sedgwick steps into the role after initially joining S&P Global in May 2025 as head of municipal and fixed income primary markets, Americas.
Prior to this, he spent almost four years at Trading Technologies (TT), initially joining the firm’s trade optimisation platform, Abel Noser Solutions, as global head of fixed income, market data, and later becoming global head of fixed income and sales.
Following acquisition by TT, he later moved into data and analytics sales, eventually becoming global head of the firm’s offering.
Sedgwick’s extensive industry experience also includes fixed income sales, electronic trading, market structure and research positions at firms spanning Susquehanna, T. Rowe Price, MarketAxess and Morgan Stanley.
Man Group
Man Group has appointed Francesca Alesi as an alpha capture specialist, based in London.
Alesi joins the investment management giant after two years at Janus Henderson, where she served as a junior equity trader.
During her tenure at Janus Henderson, she was named one of The TRADE’s Rising Stars of Trading and Execution in 2025, an award which celebrates promising talent on the buy-side.
Prior to this, Alesi spent two years at GSA Capital, having initially joined as an analyst, specialising in alpha capture across equities, derivatives, high and low touch trading.
She later stepped up as an execution trader at the firm in 2023.
Fulcrum Asset Management
Fulcrum Asset Management has appointed Alex Hang as an execution trader, following a five-year tenure at Railpen.
Hang joins the London-based asset manager after most recently serving as a trader at Railpen, a role he held since 2021. There, his coverage spanned global equities, derivatives, FX and UK government bonds.
Before Railpen, Hang spent more than three years at JP Morgan, joining as an analyst in 2018 before later being promoted to associate in 2020.
As an associate, he worked as an equity derivatives trading assistant within EMEA EDG, on the flow and convertible bonds trading desk.
Earlier in his career Hang also served as an analyst at City Financial Investment Company.
Arab Bank Switzerland
Valérie Noël has left her position as head of trading at Syz Group after 20 years at the buy-side firm.
Noël departure sees her taking on a new role as chief executive at Arab Bank Switzerland, based in Abu Dhabi as the firms begins operations in the region.
Speaking on her appointment, Noël added: “By combining Arab Bank Switzerland’s established expertise with Abu Dhabi’s dynamic financial ecosystem and strong regulatory framework, we aim to build lasting relationships with clients and help them navigate new opportunities in the market.
“I am delighted to lead this next chapter of the group’s development in the region.”
She brings more than three decades of financial markets experience to her new position, spanning wealth management, asset management, trading and digital assets.
During her tenure at Syz Group, Noël spearheaded the firm’s multi-asset trading activities, as well as the digitalisation of the bank’s trading infrastructure.
Noël initially joined Syz Group as a senior trader in 2006, before later moving up the ranks into roles as head of equity and fixed income trading and deputy head of trading.
She also briefly left the firm in 2020 to head up markets at Digital Bank, before returning to Syz Group in 2021.
Earlier in her career, Noël also spent just under a decade at HSBC in Geneva, where she initially served as a trader, before later being promoted to head of US equities trading, futures and options trading.
She also gained early industry experience as a trader at United Overseas Bank Geneva.
MUFG
Sandeep Kohli has expanded his ongoing tenure at MUFG EMEA, stepping up as regional head of markets sales and trading.
In his new position, London-based Kohli will assume leadership of sales and trading in EMEA for MUFG Securities EMEA (MUSE), where he will oversee strategy, risk management and coordination across global markets sales and trading teams in the region.
He will also report to Nobu Nanjo, chief executive of MUSE, and Mike Yarian, head of global markets sales and trading (ex-Japan).
“His deep understanding of our international business, together with the strong relationships across the global organisation, will be instrumental in bringing together the strengths of our combined global markets franchise and supporting its continued growth in EMEA,” added Yarian.
Kohli initially joined the firm in 2025, serving as co-head of international securities strategic office.
He brings more than two decades of industry experience to his new role, spanning sales and trading, technology and operations.
Previously in his career, he worked at firms including BNY, BNP Paribas, Nomura and Deutsche Bank.
Commenting on the appointment, Nanjo said: “We continue to strengthen our global markets franchise and capture growth and efficiency opportunities across our international business. [Kohli’s] extensive experience will help us continue to further strengthen MUFG’s position as a key player in the industry.”
Kepler Cheuvreux
Kepler Cheuvreux’s platform KCx has made a new hire to its execution team, appointing Benjamin Rose as an electronic sales trader.
Based in London, Rose it set to contribute to the firm’s development of its execution strategy and joins after almost 13 years at Rothschild & Co.
Speaking to The TRADE, Chris McConville, global head of execution services and trading at Kepler Cheuvreux, commented: “His experience will be a valuable addition to our team as we continue to expand our electronic execution offering.
“[…] we are focused on providing clients with smarter access to liquidity, greater execution efficiency and more flexible trading solutions. He will play an important role in bringing these capabilities to clients and supporting the continued growth of our electronic trading business.”
McConville also confirmed that further hires across algo trading, portfolio trading and equity execution sales are also expected in January 2027.
Rose initially joined Rothschild & Co as an operations analyst in 2014, before stepping up as an equity trader, and later moving into his most recent role as an electronic sales trader – a position he assumed in January 2025.
Previously in his career, Rose also served as an analyst at HSBC for more than a year and also gained early industry experience at UBS in New York.
Wells Fargo
Wells Fargo has appointed Ben Steen as vice president of municipals trading.
New York based Steen, He joins from Barclays Investment Bank, where he spent more than five years. He initially joined the firm in July 2021 as an assistant vice president on the municipals syndicate team.
Most recently, he served as vice president of municipals trading, a role he had held since September 2024.
Earlier in his career, Steen spent almost four years at Grant Thornton in New York where he initially started as an advisory associate in 2017 and later worked as a senior associate in financial advisory services and transaction services.