Clear Street brings in ex-UBS trader to lead European outsourced trading business
Individual spent three years at UBS as a multi-asset trader and has also previously worked at Axia Futures and Odey Asset Management.
Individual spent three years at UBS as a multi-asset trader and has also previously worked at Axia Futures and Odey Asset Management.
Firms should not over-rely on automation and electronification, to avoid errors and under-staffed trading desks, said panellists at the Fixed Income Leaders Summit (FILS) in Amsterdam on Wednesday.
The hires, based in Frankfurt and London, join from firms including UBS and Western Asset Management.
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.
UBS has previously stated its objective to address Credit Suisse’s outstanding matters “swiftly, fairly, and in a balanced manner, in the best interest of all stakeholders”.
The decision is set to contribute to cost synergies and operational efficiencies, according to UBS.
In March, UBS made a shock exit from outsourced trading game, serving its clients a three-month notice, as revealed by The TRADE at the time.
The past week saw moves across fixed income, equities, emerging markets and more…
Individual has previously served at Arqaam Capital, Beltone Financial, Renaissance Capital, Credit Suisse and CIB.
The move follows UBS’ shock departure from offering outsourced trading in March this year.