AT THE HELM OF A
GLOBAL
BUY-SIDE
TRADING DESK
Sailing into a new and exciting market structure
with more data and closer sell-side relationships
Mark Denny
Head of Trading – Global Equities, Investec Asset Management
Managing a global trading desk and adapting to local nuances
I
nvestec Asset Management was
founded in South Africa in 1991.
Since then the firm has been built
from start-up into an international
business managing more than
$141 billion on behalf of third party
clients. The acquisition of Guinness
Flight Hambro Asset Management in
London in 1998 provided the firm with
a platform from which to access global
markets.
14
I am responsible for equity trading
in global markets with the exception
of Africa and the Middle East region
which are managed by our trading
desk in Cape Town. In the London team,
we cover Pan Europe, Asia and the
Americas. Trading strategies applied
to Pan European markets can often
be broadly similar. The Asian markets
however are more unique in their own
right so accessing liquidity is a stand-
www.buysideintel.com
alone process where no one size fits
all. Taiwan, Korea and Hong Kong, for
example, all have different regulatory
structures that require engagement
in different ways; not all of them have
closing auctions for example and some
regions require client identification
prior to trading in order to meet local
regulations. We trade regularly in
multiple Asian markets which requires a
deep knowledge in each market.
Spring 2018