JP Morgan appoints new vice president of equities trading
New VP has been promoted internally, having spent nearly seven years with the bank.
New VP has been promoted internally, having spent nearly seven years with the bank.
The bank saw both reported revenue and net income increase year-on-year, but is maintaining a fortress balance sheet in expectation of turbulent times ahead.
Incoming individual will replace Billy Hult as he assumes the role of chief executive officer, replacing Lee Olesky who confirmed last year he would be stepping down.
Outlooks from players including Fidelity and JP Morgan are predicting an upturn for equities in 2023, despite an expected global recession, as the market prices in the risk and the Fed nears a rate-hike peak.
FlexTrade said actionable liquidity on European credit is now available within its EMEA trading workflow on the FlexTRADER FI execution management system.
Participants from Overbond, TransFICC, MarketAxess, FlexTrade Systems, JP Morgan, Tradeweb and LTX predict how fixed income will advance over the next year.
The past week saw appointments from JP Morgan, Davide Leone & Partners, and Appital, alongside jobs cuts from Berenberg.
Incoming head of EMEA MSCI index and synthetic baskets trading brings 15 years of experience to the role, having previously served at JP Morgan and BNP Paribas Securities Services.
The reported reduction in headcount does not represent a change in strategy for the bank, source says.
The Kingdom has appointed five international banks to act as market makers in a bid to boost its secondary debt market.