Groupama AM fixed income traders join Amundi
The move follows Groupama Asset Management and Amundi Intermediation’s strategic partnership, announced in May, which saw the firms merge their trading capacities to enhance trading efficiencies.
Buy-Side
Buy-side increasingly utilising TCA outside equities
While 76% of asset managers use TCA for regulatory and compliance purposes, more advanced and sophisticated use cases are continuing to gain traction, according to an Acuiti report.
Citadel trader joins Ilex Capital
Departing individual had been with Citadel for five years after also previously serving at BlackRock and HBK Capital Management.
Virtu rolls out new Switcher algo
New offering has been designed as a “co-pilot” for traders, allowing them to switch algorithms throughout the life of an order based on its characteristics and market conditions.
Nikko Asset Management to rename as Amova Asset Management
The move “reflects the progress so far, and path forward, in the firm's global growth strategy to strengthen growth in Japan and expand in global markets,” said Nikko AM.
SSGA’s Rikki Corbyn joins Barclays
Corbyn’s move comes after almost 12 years with SSGA.
Appital adds pre-trade price discovery capability to boost natural buy-side liquidity
New offering is intended to allow buy-side traders to access liquidity at market levels, or outside of the spread, before committing to a bookbuild.
Asset managers split on approach to FCA’s unbundling rules
Following the UK’s Financial Conduct Authority (FCA) confirming final rules, the likelihood is for less of a regulatory clash between the US, the EU and the UK going forward, according to Substantive Research.
Former Goldman Sachs executive director joins Acadian AM as senior trader
New appointment has previously worked at Goldman Sachs and Dimensional Fund Advisors.
Unifi Asset Management expands team with two new traders
Incoming individuals previously held positions at GIC, JP Morgan and Goldman Sachs.