PEOPLE MOVES NEWS UPDATE
Citi named a new London-based head of electronic equity sales trading for the EMEA region . Jamie Miller has been an employee of the bank for eight and a half years , specialising in equity sales trading .
Vanguard ' s Robert Miller replaced Byron Griffin as head of market structure and liquidity solutions at Kepler Cheuvreux , having most recently served as head of international trading analytics and strategy at Vanguard . Griffin confirmed his new role as head of execution sales and microstructure at Franco- German financial services firm ODDO BHF in June 2024 .
Tom Nickalls has joined Morgan Stanley having previously served as a trader at Ninety One for 11 years . Nickalls began his new role within the emerging markets credit team at in August .
Fidelity Investments appointed Sarah Lambert senior trader , based in Boston . Lambert joined Fidelity from MFS Investment Management where she spent the last five years , most recently serving as investment officer , fixed income trader .
SELL-SIDE
Northern Trust tapped by True Potential for outsourced trading solutions
Northern Trust will provide services across equities , fixed income and exchange traded derivatives , with coverage from multiple trading locations .
Northern Trust has been selected by UK-based wealth management firm True Potential to provide outsourced trading services . Offered through its Integrated Trading Solutions ( ITS ) platform , Northern Trust will provide services across equities , fixed income and exchange traded derivatives , with coverage from multiple trading locations .
The custodian will assume the trading function across True Potential ’ s internally managed funds with approximately £ 6.1 billion in assets under management .
“ True Potential selected Northern Trust as their outsourced trading partner to leverage our extensive access to brokers , trading expertise and transparent commission model ,” said Amy Thorne , head of ITS , EMEA , Northern Trust .
“ In addition , our ability to access all 18 available Gilt-edged Market Makers ( GEMMS ) and broad range of ETF liquidity options via our efficient price discovery mechanism was a key decision point . The addition of trading and trade-related processing means True Potential is taking full advantage of Northern Trust ’ s capabilities at every point in the lifecycle of an investment decision , from execution to custody and beyond .”
The agreement expands the existing relationship between the two firms , formed earlier this year after True Potential appointed Northern Trust as custodian .
Kevin Kidney , head of asset allocation at True Potential , added : “ Northern Trust ’ s outsourced trading operations provide a more attractive pricing model for our portfolios , which we believe can lower costs for our clients . This is important for us all as we continue to grow our investment solutions . The team at Northern Trust worked diligently to find the right solution and focused their approach on the best outcomes for our clients . We look forward to growing our relationship with them .”
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