U.S. Bancorp set to acquire BTIG in $1 billion deal
The move is set to expand U.S. Bancorp’s capital markets platform and deepen support for institutional clients; deal expected to close in Q2 2026.
The move is set to expand U.S. Bancorp’s capital markets platform and deepen support for institutional clients; deal expected to close in Q2 2026.
The past week has seen a swathe of moves, including a head of trading departure and a head of market structure appointment, as well as hires across high-touch sales trading, FX and equity sales.
New hire is set to focus on trading pan-European stocks covering UK long-only and hedge fund clients in his new role, The TRADE understands.
The appointments come as BTIG looks to bolster its event-driven team as hiring spree continues, The TRADE understands.
The past week has seen various hires spanning outsourced trading, execution services, the c-suite and more…
Individual left UBS earlier this year following the unexpected decision to shutter its outsourced business in March 2025, as revealed by The TRADE at the time.
Move will see individuals stepping into new roles, in a push to drive TD’s European equities and special situations market.
“This partnership addresses the growing demand among institutional traders for advanced, centralised technology that enables seamless access to deep liquidity and high-quality execution,” said the firms.
The TRADE sits down with head of electronic trading at BTIG, Stephen Ponzio, to discuss what’s front of mind when it comes to investing in e-trading talent, which characteristics are most prized on the desk, the importance of human-to-human interaction, and the firm’s future technological plans.
The past week saw appointments across fixed income, distribution, commercial operations and equities.