People Moves Monday: Updates from the trading desk
The past week saw appointments from Liontrust Asset Management, Northern Trust, Millennium and Mediobanca.
The past week saw appointments from Liontrust Asset Management, Northern Trust, Millennium and Mediobanca.
Incoming SVP brings over two decades’ worth of experience to Northern Trust, having previously served at Enfusion, FINBOURNE Technology, Credit Suisse, Morgan Stanley and JP Morgan Chase.
Major service providers including BNY Mellon, State Street, UBS and Northern Trust have all expanded their outsourced trading capabilities to meeting growing demand from buy-side organisations.
The past week saw appointments from Northern Trust, Tradeweb and MarketAxess.
The bank saw profits decline 62% for Q4 compared to the same period the previous year, although net interest income rose on the back of higher rates.
The past week saw appointments from B2C2, BlackRock, SocGen, State Street, Sterling Trading Tech and Northern Trust.
Among the new appointments are several promotions from within the firm, as Northern Trust looks to strengthen its global capital markets business.
The firm’s improved Investment Analysis module of its Front Office Solutions platform will increase data capacity, improve performance, and offer more flexibility and visualisation for custom reporting.
The move will provide buy-side participants with web-based tools to manage research and commission budgets.
A Northern Trust survey found that 98% of buy-side firms are using data science or planning to pursue it to optimise performance in the next two years.