Ex-Goldman algo trading expert joins Instinet
Incoming individual has previously worked for HSBC and McKinsey & Company.
Incoming individual has previously worked for HSBC and McKinsey & Company.
The startup will build a central counterparty for digital assets which will allow for more streamlined transactions, an increase in capital efficiency and a reduction of risk for all participants.
The past week saw appointments from BTIG, Nomura Securities, Overbond, KNG Securities, Hudson Bay Capital Management and Exegy.
Incoming head previously spent 18 years at Credit Suisse, and six years at Morgan Stanley prior to that, in various equity-related senior positions.
Launched in July 2020, the Alliance offers clients capabilities across equity research, capital markets, derivatives products and execution.
Executive had spent two decades with the London Stock Exchange and Borsa Italiana across a range of equities and derivatives roles.
New company will operate as a wholly segregated entity with its own capital and resources to enhance time-to-market and innovation, the bank says.
The disastrous entanglement with Archegos Capital Management and its spectacular collapse has left the prime brokerage industry reeling with over $10 billion in losses across the Street. The event has resulted in a major shift in attitudes around risk management, but how far-reaching will these changes be on their reIationships with clients? Asks Joe Parsons.
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