Sibbern will succeed Jos Dijsselhof, who is set to step down as CEO to pursue a new professional opportunity in the Middle East, following seven years with SIX. Since joining SIX as CEO in 2018, Dijsselhof has helped developed the company commercially, while also expanding its international presence. Dijsselhof will remain at SIX until the end of February 2025 to ensure a smooth transition.

Fixed income investment bank KNG Securities added Mert Kisacik to its fixed income sales team, where he will hold responsibility for Turkish and Israeli markets. As part of the role, Kisacik will focus on finding liquidity in both sovereign and corporate bonds for the firm’s clients, with a primary focus on hard currency bonds. He joined KNG from Morgan Stanley, where he spent the last two years, most recently as part of the bank’s emerging markets cross asset sales team. Elsewhere in his career, Kisacik worked at Yapi Kredi, one of Turkey’s first nationwide commercial banks.

Kezar Markets’ chief executive officer, Whit Conary is set to retire from his role by the end of this year following 18 years in the position. Steve Miele, who currently serves as chief strategy officer, has been appointed new chief executive officer of Kezar Marekts, effective 1 January 2025.

Conary’s capital markets career spans four decades, with his retirement paving the way for Kezar Markets’ continued growth plans. Meanwhile, Kazer Markets noted that the appointment of Steve Miele as CEO is a natural progression following his role overseeing strategy, sales, and product development at LeveL ATS and Kezar Markets for 17 years.

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As part of the role, Kisacik will focus on finding liquidity in both sovereign and corporate bonds for the firm’s clients, with a primary focus on hard currency bonds.

“Mert’s knowledge and relationships with Turkish and Israeli bond market investors will be a valuable addition to our team,” said Andrea Podesta, managing partner at KNG Securities.

He joins KNG from Morgan Stanley, where he spent the last two years, most recently as part of the bank’s emerging markets cross asset sales team.

His work included FX, rates, credit and commodities, with a focus on sales to Turkish and Israeli clients.

Elsewhere in his career, Kisacik worked at Yapi Kredi, one of Turkey’s first nationwide commercial banks.

While at the firm, his roles included managing the balance sheet of the bank as well as pricing and marketing derivative products to clients.

 “KNG has developed a reputation in the market for being able to find liquidity in even the most challenging conditions. I’m looking forward to joining the team and contributing to the firm’s growth,” sad Kisacik.

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Investment banking boutique KNG Securities appointed Gary Ballard as its new head of equities. Ballard brings over 30 years’ experience in equity sales, having previously held positions at Goldman Sachs, Morgan Stanley and Baring Securities. He joined KNG from VTB Capital, where he most recently served as managing director and global head of equity sales. As part of his new role, Ballard will be focused on what the firm describes as ‘special situations’, helping clients deal in equities where liquidity may have been reduced temporarily. Ballard’s experience in equities – particularly with European and Asian institutional clients – will be important for the firm’s growth strategy.

One of BCS Global Markets’ prime services sales leads, Grigoriy Kozin, left the investment bank to join boutique merging markets broker and investment bank BancTrust. Kozin was appointed head of business development, prime services and electronic execution at BancTrust after three years in his role at BCS. Kozin joined BCS as its head of business development for prime services at BCS Global based in London in November 2020 – responsible for developing the prime brokerage and securities financing business lines and revenue streams. Before that he spent more than a decade at SOVA Capital, previously Otkritie, most recently serving as director of prime services. Kozin’s areas of expertise include high and low touch execution, securities financing, and market and credit risk assessment. He also has experience working across a range of asset classes – equities, commodities, FX spot, listed derivatives, and ETFs.

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Ballard brings over 30 years’ experience in equity sales, having previously held positions at Goldman Sachs, Morgan Stanley and Baring Securities.

He joins KNG from VTB Capital, where he most recently served as managing director and global head of equity sales.

As part of his new role, Ballard will be focused on what the firm describes as ‘special situations’, helping clients deal in equities where liquidity may have been reduced temporarily.

KNG Securities stated that Ballard’s experience in equities – particularly with European and Asian institutional clients – will be important for the firm’s growth strategy.

“Gary will spearhead our expansion into equities. His experience and track record speak for themselves – there is nobody better-suited to leading this area of our business,” said Andrea Podesta, managing partner at KNG Securities.

Ballard appointment follows a string of recent hires by KNG Securities over the last few months.

Among the new additions are Fernando Ortega, who was appointed as head of emerging market sales; Igor Nartov, who was hired as an emerging market debt senior adviser; and Cargi Kutman, who holds a senior fixed income sales role within the firm’s credit trading team. 

“I am delighted to join a firm with such strong commitment to long-term growth,” said Ballard.

“I’m keen for KNG to start to build the same reputation in equities as it already enjoys in fixed income.”

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Bloomberg appointed Colin Williams in an electronic trading and analytics solutions role. Williams joined from BNY Mellon, where he spent the last six years, most recently serving as an equity trader. Prior to that, he spent six and a half years at State Street Global Markets in a portfolio solutions role. Previously, Williams served as an investment account manager at Northern Trust. Elsewhere in his career, Williams held a pricing analyst role at Financial Times and a junior business development role at Deloitte.

Fixed income investment banking boutique KNG Securities appointed Fernando Ortega as its new head of emerging market sales. He joined KNG Securities from VTB Capital, where he served as global head of fixed income sales over the last 10 years. Prior to that, Ortega worked at Morgan Stanley as head of institutional and onshore sales. Elsewhere in his career, Ortega served as European head of emerging market sales at Santander Corporate and Investment Banking.

Cboe Global Markets appointed Laura Fuson as vice president for futures, overseeing the business’ day-to-day operations alongside identifying areas for growth in product development and distribution, including in the digital asset space. She joined from SG Americas Securities, where she most recently served as director, primes services and clearing, platform sales. Elsewhere, Katherine Kirkpatrick was appointed as chief legal officer of Cboe Digital, overseeing digital asset legal strategy and regulatory initiatives. She joined from Maple Finance, where she served as general counsel. Previously, she was a partner at global law firm King & Spalding, serving as co-chair of both the financial services and fintech, blockchain and cryptocurrency groups.

M&G’s global asset management arm appointed Manabu Fujita as head of M&A Investments Japan. Fujita joined from Schroders Investment Management Japan, where he spent the last 15 years, most recently serving as head of sales. Elsewhere in his tenure, he served as head of institutional sales and business development. Previously in his career, Fujita held positions at Invesco Asset Management and Nippon Life Group in Japan. As part of the role, Fujita will oversee M&G’s expanding operations in Japan, while holding responsibility for the execution of the firm’s strategic direction and the growth of the M&G distribution franchise across institutional, pension and retail businesses in Japan.

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He joins KNG Securities from VTB Capital, where he served as global head of fixed income sales over the last 10 years. Prior to that, Ortega worked at Morgan Stanley as head of institutional and onshore sales.

Elsewhere in his career, Ortega served as European head of emerging market sales at Santander Corporate and Investment Banking.

“Fernando is bringing a great deal of senior-level experience in fixed income sales as well as a unique universe of connections within the emerging market debt community,” said Andrea Podesta, managing partner at KNG Securities.

Ortega’s appointment follows a string of recent hires from KNG Securities as part of its strategy of expanding in emerging markets across all areas of its business.

Namely, KNG appointed Turkish fixed income expert Cagri Kutman, CIS specialist Ior Nartov and LATAM veteran Christian Laloe, which further increased KNG’s expertise in emerging markets.

Elsewhere, former Barclays capital director, Halila Mazin, was added to KNG’s credit team, alongside former Goldman Sach analyst Andrew Lee, who joined the bank’s distressed credit team.

“I am very excited to take on a leading role in driving KNG’s growth within the emerging market universe,” said Ortega. “KNG Securities have ambitious plans to grow their EM business and I am looking forward to deploying my expertise executing this strategy to assist our clients navigate volatile markets.”

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Euronext appointed Roberto Pecora as chief executive officer and general manager of its clearing house, effective from 3 July. He replaces Marco Polito who, following the general assembly on 27 April, stepped down from his position as chief executive of multi-asset clearing house CC&G, which Euronext acquired through its takeover of Borsa Italiana. Pecora will join the firm from Société Générale Group, where he most recently served as chief executive and general manager of SGSS SpA, the Italian bank specialising in securities services, and member of the global executive committee of the SGSS division. Pecora will oversee the day-to-day management of the central clearing counterparty (CCP), including engagement with regulators and with clearing members. In addition, as a member of Euronext’s post-trade leadership team led by Anthony Attia, global head of primary markets and post-trade, Pecora will be in the forefront of the Euronext Clearing’s European expansion plan.

Barclays appointed Scott McDavid as its new global head of equities, effective from September. He will report into Adeel Khan, co-head of global markets, according to an internal memo seen by The TRADE. In his new role he will be responsible for equities distribution and prime, as well as having a strategic focus on the bank’s platform complex. He takes up his new role after previously serving at Morgan Stanley in its equities franchise for 18 years, most recently as its co-head of equities trading for Americas.

Alongside McDavid’s appointment, Ronnie Wexler was appointed as global head of equities distribution at the bank, effective from June. He will be responsible for growing the bank’s equities client franchise and will report to Stephen Dainton, co-head of global markets at Barclays, in New York. Wexler joins Barclays from NYDIG where he had been global head of business development since August 2020. Previously, he notably spent 19 years at Goldman Sachs in several senior positions across securities division distribution, including as partner and co-head of Americas equities distribution and execution.

KNG Securities International named London-based Halila Mazin as it’s the newest addition within its credit trading team, in a bid to strengthen its distressed debt and emerging markets offering. Mazin previously spent 15 years working for Barclays’ investment banking arm, Barclays Capital, focused on distressed and emerging markets debt. He was most recently director of business development at boutique private investment vehicle, Ancora Investment, working specifically on long term investments.

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Mazin previously spent 15 years working for Barclays’ investment banking arm, Barclays Capital, focused on distressed and emerging markets debt.

Speaking in an announcement, KNG highlighted the strategic importance of both Mazin’s 20 years of experience in sales of high-yield corporate and emerging market credits, as well as his network of institutional investors.

He was most recently director of business development at boutique private investment vehicle, Ancora Investment, working specifically on long term investments.

Speaking to his appointment, Mazin said: “I am excited to be joining KNG, an ambitious firm that is growing in High Yield and EM. I am looking forward to helping them further expand their franchise and providing investment solutions to our clients.”

His appointment follows that of Turkish fixed income expert Cagri Kutman, CIS specialist Igor Nartov, Latin America-focused veteran Christian Laloe, and ex-Goldman Sachs distressed debt analyst Andrew Lee.

Andrea Podesta, managing partner, at KNG Securities highlighted Mazin’s expertise in developed and emerging market high-yield credits and added: “His longstanding relationships within the fixed income investment community will be a significant addition to our firm.”

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UK-based fixed income investment banking boutique KNG Securities appointed LATAM specialist Chrisitian Laloe as head of debt capital markets and special situations in Latin America. He joined from Globex Advisory, where he advised Brazilian corporates on solutions to optimise their capital structure. Earlier in his career, Laloe served within BTC Pactual’s proprietary trading desk. According to the boutique bank, Laloe’s experience in the LATAM region will be important for the firm’s growth and its strategy to expand in emerging markets.

Man Group’s current chief executive officer Luke Ellis has announced his retirement, with Robyn Grew set to replace him effective from 1 September 2023. Grew currently serves as president of Man Group and a member of the senior executive committee, based in the US. She has spent the last 14 years at Man Group, having previously managed the solutions business, overseen trading and execution, alongside serving as group chief operating officer, head of ESA and general counsel. Before joining Man Group, Grew held senior positions at investment banks Barclays Capital and Lehman Brothers, as well as at LIFFE which has since been renamed as ICE Futures Europe. As part of the new role, Grew will relocate to the UK while still continuing to spend a large proportion of her time in the US, given the firm’s presence there. Ellis will continue to serve as chief executive and remain an executive director of Man Group until 1 September 2023 to allow for an orderly transition and oversight of the firm’s 2023 interim results.

Mediobanca appointed Mario Crovato as its new co-head of fixed income sales. Crovato joined the bank from UniCredit, where he spent the last nine years. Most recently, he served as head of markets for the UK, US and Asia – after previously serving as co-head of markets for the same regions. Elsewhere in his tenure at UniCredit, Crovato spent two years as head of markets US, based in New York. Prior to that, he was global head of rates sales, based in Milan. Crovato initially joined UniCredit as managing director, head of fixed income and credit sales for Italy. Before joining UniCredit, he spent several years at Barclays, Merrill Lynch, Deutsche Bank and Banca IMI. Earlier in his career, Crovato held fixed income sales positions at Rasfin Sim and Banca Commerciale Italiana.

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Laloe brings more than 20 years’ worth of experience in Brazilian fixed income to the firm.

He joins from Globex Advisory, where he advised Brazilian corporates on solutions to optimise their capital structure.

Earlier in his career, Laloe served within BTC Pactual’s proprietary trading desk.

According to the boutique bank, Laloe’s experience in the LATAM region will be important for the firm’s growth and its strategy to expand in emerging markets.

“Bringing Christian Laloe on board further increases our position within emerging markets. His long-standing relationships across Brazil and the whole LATAM region will be significant additions to the firm and will tie into our growth strategy in this key area,” said Andrea Podesta, managing partner at KNG Securities.

“Christian’s experience in advising local corporates on debt restructuring and his expertise in market making for LATAM bonds will be instrumental in improving our footprint in the region.”

Laloe’s appointment follows that of Turkish fixed income expert Cagri Kutman who joined in a senior fixed income sales position within the firm’s credit trading team.

Elsewhere, CIS specialist Igor Nartov joined KNG Securities as emerging markets senior advisor, further broadening the firm’s expertise in emerging markets.

“At KNG I will be able to focus on complex situations from both client and issuer perspectives, providing tailor-made solutions for a large number of relationships in Europe and emerging markets,” said Laloe.

“My knowledge of the Brazilian market will further enhance our LATAM network and client base.”

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