PEOPLE MOVES
NEWS UPDATE
Bianca Gould was appointed head of fixed income and equities EMEA at BNY Mellon , based in London . Gould joins after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading . Elsewhere , Kathleen Kinsella joined BNY Mellon as head of US fixed income sales , based in New York . Kinsella most recently served as head of US and Latin America fixed income sales at CIBC .
Paul Battams was named head of international equity trading at BlackRock following 23 years with the firm . Prior to joining BlackRock , Battams was an equity trader at Barclays Global Investors for 11 years . Nick Craze replaces Battams in his previous role as head of the EMEA equity trading desk .
Legal & General Investment Management ( LGIM ) promoted Gregory Corrigan to head of US equity and foreign exchange trading , after eight years with the firm . Previously in his career he spent a year and a half at Fideuram Asset Management Ireland and nearly three years at ING Eurasia ZAO in money markets roles .
M & A
State Street completes acquisition of CF Global
Deal bumps State Street into the ranks of outsourced trading giants such as Northern Trust and UBS , extending its remit in outsourced trading to the UK and Europe .
State Street has completed its acquisition of outsourced trading firm CF Global one year after the deal was revealed by The TRADE in February 2023 . Financial terms of the completed deal were not disclosed . The acquisition gives State Street access to CF Global ’ s extensive relationships in the space as a segregated outsourced trading entity . Prior to the acquisition of CF Global , State Street had existing outsourced trading offerings in the Americas , APAC and Middle East . CF Global will extend this remit to the UK and Europe . “ Outsourced trading enables organisations to access new asset classes , prepare for regulatory shifts and navigate global markets while allowing them to focus on their strategic outcomes on behalf of their clients ,” said Dan Morgan , global head of portfolio solutions at State Street in a statement . “ The addition of CF Global Trading brings industry-leading expertise that strengthens our current outsourced trading services .”
Rachid Alaoui was appointed head of global equities at JP Morgan . Sippel has been with the firm since 2002 , holding various roles in his tenure . Previously in his career , he served at Overstock . com , Credit Suisse , and Merrill Lynch .
Issue 79 // thetradenews . com // 7