PEOPLE MOVES
Nicolas Bader joined Abu Dhabi Investment Authority( ADIA) as head of cross-asset and systematic execution after nearly 19 years at GIC. Bader will be based out of Abu Dhabi in his new role, relocating from London where he most recently served as a senior execution trader at GIC.
RBC Brewin Dolphin named Robert Martin as head of UK dealing, stepping up after almost seven years at the firm. London-based Martin initially joined the buy-side firm in 2019 as a multi-asset dealer.
Mike DiSpirito joined Balyasny Asset Management as an equity trader, after more than 11 years at BlackRock. He most recently served as a director in equity and derivatives trading at
BlackRock, where he headed up the European index, systematic and transitions trading pod.
State Street Investment Management appointed Jean- François Mesnard-Sense as its new head of Asia Pacific, Middle East and Africa ETF capital markets. Mesnard- Sense rejoined the firm after a three year-stint at Hong Kong Exchanges and Clearing( HKEX).
Rothschild & Co named Lucy Baldwin as global head of equities, to spearhead the firm’ s equities offering, including sales and trading. She joined the firm from Citi, where she spent five years as global head of research, based in London.
RBC Capital Markets expanded its North American equity sales trading desk with the addition of Rory Priestley. Priestley joined the firm from BNY, where he spent over a year as a senior associate, covering equity sales trading.
Ninety One promoted Saskia McMinn to fixed income trader. London-based McMinn initially joined the investment manager in September 2022 and most recently served as a portfolio implementation analyst. Appointment followed the departure of Ed Wood, who left Ninety One to join Bloomberg as a credit sales specialist.
Optiver appointed Brett Sussman and Caitlin Krantz to its US-based team, joining as head of US institutional ETF sales trading and as a US ETF sales trader, respectively.
NEWS UPDATE
REGULATION
Bloomberg, LSEG and MarketAxess-backed trade association launches to support UK and European ARMs
The new industry body aims to support the interests of approved reporting mechanisms( ARMs) in these regions; launch follows the FCA’ s recent consultation on improving the UK transaction reporting regime.
new trade association – The Approved Reporting
A Mechanism Association( TARMA) – has been created, with the aim of providing an industry body to support the interests of approved reporting mechanisms( ARMs) across the UK and Europe. The formation aligns with increasing regulatory focus on the structure and purpose of transaction reporting regimes in the UK and Europe, with Bloomberg data reporting services, LSEG Regulatory Reporting Solutions and MarketAxess Post-Trade serving as the three founding members.
Specifically, ARMs serve as a Mifid II-regulated third-party entities which submit transaction reports to national competent authorities or the European Securities and Markets Authority( ESMA) on behalf of investment firms, to ensure trade data accuracy and completeness. Building on this, TARMA has also confirmed that its core objectives span: representing ARMs across the UK and Europe, advocating on relevant rule-making processes, promoting consistency and clarity in transaction reporting standards and developing and encouraging the adoption of best practices.
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