FIXED INCOME
Buy-side profile
A CHIEF DEALER’S
PANORAMIC VIEW OF
FIXED INCOME TRADING
Tina Guldberg Bach
Chief Dealer, Nordea Asset Management
We caught up with Tina Bach, chief dealer at Nordea Asset Management who is a valued member of
our Buy-side Trading Community and regular attendee to the Alpha Trader Forums. Tina gives us an
in-depth view and shares her experiences about her role at Nordea and the Fixed Income markets.
Please describe your role and
responsibilities within Nordea Asset
Management today.
Nordea Asset Management has around
€229bn AUM and including Wealth
Management, €350bn. The global
trading team has a total of around 30
people which consists of Fixed Income
trading, Equity trading, FX trading,
a quant trading team and Portfolio
Implementation. On top of that we have
a tech structure with an agile dedicated
development unit.
I am a part of the Fixed Income trading
team, and we are five people covering a
broad range of products from Corporate
Credit (IG and HY), Financials, EM debt,
Rates, CDS, IRS, Futures, Repo’s to an
22
investment fund based on Machine
Learning. We work with an investment
boutique structure and with a champion
concept with specialisation within the
different areas. I am responsible for all
trading within the Financial universe
across all capital structures. I also manage
our Short Term funds on a daily basis and
I am the back up on IG credit, so I am very
much involved there as well.
Trading is an integrated part of the
investment process. The PM’s are our
clients, so collaboration and teamwork
with a continuous dialogue between
trading and PM’s are essential. My main
job is to add value by providing all kinds
of advisory and intelligent trading for
our investment boutiques, PM’s – and
especially the PM’s responsible for the
www.buysideintel.com
Financial sector, which should enable
generation of return.
The specialisation role means that I am
responsible for everything within trading
in the financial universe, meaning
being on top of the trading processes,
knowing the product, the market, the
counterparties, venues etc. I have very
close interaction and cooperation with
the Portfolio Managers in different teams
– but of course in particular, the Financial
PM’s and Analysts. In order to actively
advise the PM’s in the best way and
execute according to their needs, it is also
important for me to be familiar with the
portfolios and the investment strategies.
By doing so, I am able to act proactively if
and when I see liquidity opportunities in
the market.
Winter/Spring 2020