[ M E E T T H E D E S K | N I N E T Y O N E ]
proaches central banks have taken to abate the economic fallout has left traders , in particular those in the emerging and frontier fixed income space , more reliant on their relationships than ever , both internally and externally .
“ Markets have been tricky . Show me a time when they haven ' t ,” asserts Gibson . “ Markets are constantly challenging and that ' s the key aspect to our role .”
For Gibson , the key to an effective team is autonomy and each individual trader feeling a sense of ownership to their day-to-day activities .
“ When people have ownership in their function and they can see their contribution to the business , that really motivates them to make sure that they are constantly improving ,” she explains . “ In general , my experience is that people don ' t like change being done on to them , but they have no problem being part of it and driving it .”
Ninety One ’ s trading team consists of 17 globally with six – soon to be seven – based in London . The firm also has trading hubs in New York , Hong Kong and Cape Town . Given the wide breadth of products that they cover , the team leverage each other day-to-day to understand how the markets are ticking over .
“ My experience is that people don ' t like change being done on to them , but they have no problem being part of it and driving it .”
CATHY GIBSON
“ Japan ’ s current situation is particularly significant , as they ’ re [ The Bank of Japan ] one of the few central banks raising rates while others are cutting .”
ED WOOD
“ When we see an inflow and notice that some of that cash has been deployed in Asian markets earlier in the day , it gives us insight into market liquidity ,” says trader Ed Wood . “ There ’ s often a connection between the markets they trade and those we handle here in London . This can provide valuable perspective , such as when duration is heavily bid , it might mean certain bonds are difficult to source for us .”
Wood joined Ninety One in 2021 after serving for
44 // TheTRADE // Q3 2024