People Moves Monday: Updates from the trading desk

The past week saw appointments from LSEG, Euronext, Barclays and KNG Securities.

Head of UBS’ Neo business, Nej D’jelal, left the bank to join the London Stock Exchange Group (LSEG) as head of its Workspace platform, effective from the end of this month. D’jelal joins LSEG after two and a half years at UBS heading up its cross-asset investment banking platform. Prior to joining UBS, he spent eight and a half years at Barclays in electronic equities roles, four and a half years at Plato Partnership as a co-founder and co-chairman and six years at Goldman Sachs in an electronic trading role. Previously in his career, he also held analyst roles at Citi and Logica.

Euronext appointed Roberto Pecora as chief executive officer and general manager of its clearing house, effective from 3 July. He replaces Marco Polito who, following the general assembly on 27 April, stepped down from his position as chief executive of multi-asset clearing house CC&G, which Euronext acquired through its takeover of Borsa Italiana. Pecora will join the firm from Société Générale Group, where he most recently served as chief executive and general manager of SGSS SpA, the Italian bank specialising in securities services, and member of the global executive committee of the SGSS division. Pecora will oversee the day-to-day management of the central clearing counterparty (CCP), including engagement with regulators and with clearing members. In addition, as a member of Euronext’s post-trade leadership team led by Anthony Attia, global head of primary markets and post-trade, Pecora will be in the forefront of the Euronext Clearing’s European expansion plan.

Barclays appointed Scott McDavid as its new global head of equities, effective from September. He will report into Adeel Khan, co-head of global markets, according to an internal memo seen by The TRADE. In his new role he will be responsible for equities distribution and prime, as well as having a strategic focus on the bank’s platform complex. He takes up his new role after previously serving at Morgan Stanley in its equities franchise for 18 years, most recently as its co-head of equities trading for Americas.

Alongside McDavid’s appointment, Ronnie Wexler was appointed as global head of equities distribution at the bank, effective from June. He will be responsible for growing the bank’s equities client franchise and will report to Stephen Dainton, co-head of global markets at Barclays, in New York. Wexler joins Barclays from NYDIG where he had been global head of business development since August 2020. Previously, he notably spent 19 years at Goldman Sachs in several senior positions across securities division distribution, including as partner and co-head of Americas equities distribution and execution.

KNG Securities International named London-based Halila Mazin as it’s the newest addition within its credit trading team, in a bid to strengthen its distressed debt and emerging markets offering. Mazin previously spent 15 years working for Barclays’ investment banking arm, Barclays Capital, focused on distressed and emerging markets debt. He was most recently director of business development at boutique private investment vehicle, Ancora Investment, working specifically on long term investments.