Citadel appointed Mukunth Raghavan head of American Treasury quants, based in New York. He joined Citadel from Goldman Sachs where he most recently served as vice president within the bank’s global equities team. In an earlier stint at Goldman, Raghavan worked as vice president, quantitative strategies within the bank’s equities prime services. Elsewhere in his career, Raghavan spent three years at McKinsey & Company, most recently serving as a management consultant.

Ninety One appointed Tina Gandhi as a trader. Gandhi joined Ninety One from Muzinich & Co where she spent nearly five years, most recently serving as an emerging markets credit trader. Prior to that, Gandhi worked as a director at Mizuho, focusing on UK real money and hedge fund credit sales. Before Mizuho, Gandhi served as a director at Societe Generale Corporate and Investment Banking, with a focus on hedge fund credit sales.

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As part of the role, Raghavan will serve a broad mandate across both Citadel Asset Management and Citadel Securities.

He joins Citadel from Goldman Sachs, where he most recently served as vice president within the bank’s global equities team.

In an earlier stint at Goldman, Raghavan worked as vice president, quantitative strategies within the bank’s equities prime services. In this role he built analytical tools, trading strategies and optimisation models.

Elsewhere in his career, Raghavan spent three years at McKinsey & Company, most recently serving as a management consultant.

Raghavan announced his appointment in a social media post.

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According to an update on his social media, Jack Boland has joined Ilex Capital in a US equity trading and global equity capital markets role.

He joins from Citadel where he had been serving for the last five years as an equity trader and senior associate.

Prior to joining Citadel in 2019, Boland spent five years at BlackRock as an associate and later a trader and just under a year at HBK Capital Management as a trader before that.

Previously in his career, he undertook several banking, capital markets, and portfolio management internships across PwC, KPMG UK, BlackRock, and Jefferies.

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Bird joins the firm from JB Drax Honore, where he served as a relative value (RV) sales and execution trader.

His appointment follows that of Robert Whelan, who joined Citadel as an equity trader last month.

Whelan previously served as an equity trader at Pictet Asset Management.

Citadel had not responded to a request for comment at time of publication.

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Ninety One trader Tom Nickalls is set to leave the asset manager after 11 years to join Morgan Stanley. According to an update on social media, Nickalls will join the sell-side next month in an emerging markets credit role. He joined Ninety One in 2013 as a client operations analyst, moving into a portfolio implementation role in 2015 and taking up his current role as fixed income trader in 2018. He was recognised as a Rising Star of Trading and Execution at Leaders in Trading in 2021.

Robert Whelan joined Citadel as equity trader following almost eight years at Pictet Asset Management. Whelan joined Pictet AM as an equity trader back in 2016. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader. Whelan will act as an execution trader on behalf of the desk and his role is non-risk taking, The TRADE understands.

Lara Jacobs was appointed vice president – equities electronic trading coverage at JP Morgan following six years with Liquidnet. She most recently served as head of international client trading, EMEA. Prior to this, she worked as a market structure and strategy analyst before moving onto a role as equity trader. Before her stint with Liquidnet, London-based Jacobs worked on the debt restructuring team for fixed income at M&G Investments.

Outset Global appointed William Bradley managing director within its London office. Bradley brings considerable experience in the equity sales and trading space to the role, joining from Goldman Sachs where he served as vice president on the cross-asset sales desk in New York. Before joining Goldman Sachs, Bradley served as assistant vice president at Barclays on the equities liquid markets sales trading desk.

Bill Spencer was appointed head of client solutions at MarketAxess following five years at UBS Asset Management, most recently as executive director, multi asset centralised trading. The role is newly created, with Spencer set to hold responsibility for buy-side experience within MarketAxess’ trading system. Whilst at UBS, he worked as a senior trader on the US fixed income desk, as well as working on the daily trading of cash rates, credit, ETFs, and municipal bonds. He also lent his expertise to the trading of credit derivatives and listed futures and options. New-York based Spencer also previously held ETF-related positions at: REX Shares, Gelber Group LLC, and Chicago Trading Company.

Chris Robinson was appointed multi-asset trader at Liquidnet, joining from Louis Capital Markets where he worked for almost 13 years. He most recently served as a EMEA and US equity sales and execution trader. Prior to this he worked in equity derivatives for six and a half years, focused on Eurostoxx and sectoral indices. London-based Robinson has also previously served in a pension execution role at BDO UK LLP.

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Robert Whelan has joined Citadel as equity trader following almost eight years at Pictet Asset Management.

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Global head of execution services at Goldman Sachs, Michael Steliaros, left the investment bank to join the Abu Dhabi Investment Association (ADIA) as global head of equity portfolio engineering and trading. He joins the association after serving at Goldman Sachs for the last five years, departing the bank earlier this year. Prior to that, he spent seven years at Bank of America Merrill Lynch as its global head of scientific implementation and head of agency portfolio trading. Previously in his career, he served across Panta Capital, Winton Capital Management, FGS Capital and Barclays Global Investors in various research roles for six years collectively.

Liquidnet, now part of interdealer broker TP ICAP, appointed Nichola Hunter as its new global head of sales for fixed income. As part of the role, Hunter will be responsible for growing client relationships at the firm. Hunter joins Liquidnet from MarketAxess, where she operated as head of rates. Prior to that, she served as chief executive officer of LiquidityEdge which was acquired by MarketAxess in 2019. Before LiquidityEdge, she held various senior roles at ICAP, including co-head of EBS market, global head of product management for EBS and global head of client services for ICAP’s electronic broking business.

Hedge fund Citadel selected Roshan Rummun to replace retiring international equities trading head, Paul Donnelly. Rummun originally joined Citadel in 2007, spending two years as a trader before departing for a brief three-year period to serve as head of trading at LionRock Capital. He then returned to Citadel, where he has been a trader since 2012. He began his career in 2005 as a trader at JP Morgan. Also prepped to fill in the gap left by Donnelly is former Lombard Odier equity trader, Liam Stone, who will use his extensive European focused equities experience to serve Rummun in a senior capacity.

Fixed income platform provider Trumid appointed Daniel Swaby in an emerging markets sales role. Swaby joins Trumid from Liquidnet, where he operated in an emerging markets credit sales and trade execution role for nearly four years. Prior to that, he served as a vice president in emerging market credit sales at NatWest Markets. He also held an emerging market sales and product management position at MarketAxess for nearly six years. Earlier in his career, he operated in an equity and derivatives sales trading role at E*TRADE and was an execution trader at Sucden Financial.

Cowen Digital made a string of new executive appointments to expand its institutional sales team, drawing talent from various digital asset businesses. Among the new appointments is Jackie Rose, who joined Cowen Digital as director of institutional sales from Blockchain.com, where she served as head of institutional business development. Elsewhere, Chase Campbell has been appointed as vice president of digital asset sales. He joins Cowen Digital from Coinbase, where he served as an institutional sales associate.

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Hong Kong-based Citadel equity trader Roshan Rummun is set to replace retiring international trading head Paul Donnelly when he steps down, according to a source close to the company.

Rummun originally joined Citadel in 2007, spending two years as a trader before departing for a brief three-year period to serve as head of trading at LionRock Capital, and then returning to Citadel, where he has been a trader since 2012. He began his career in 2005 as a trader at JP Morgan, also based in Hong Kong.

Also prepped to plug the gap left by Donnelly is former Lombard Odier equity trader, Liam Stone, The TRADE understands, who will use his extensive European focused equities experience to serve Rummun in a senior capacity. Stone has been with Lombard Odier for the last seven years trading EMEA long and short and long only equities. Prior to joining Lombard, he spent 11 months at Heitman as a European equities trader, and five years at Mirae Asset Global Investments as a trader and later as a head trader, also in European equities. Stone is expected to join Citadel in Q4 of this year, The TRADE understands.

The pair will fill the shoes of departing Donnelly who has been with Citadel for the last 10 years, spending the last year and a half as its international head of trading. Previously in his career, Donnelly spent six years at JP Morgan Chase, four years at Williams Trading, and one year at Outset Global in trading focused roles.

Citadel confirmed the appointment of Rummun but declined to comment further. 

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Citi is acting as a clearing broker for the firm on the ForexClear service which provides clearing across FX NDFs, options, spot, swaps and forward outrights.

“ForexClear is an important first step in the evolution of FX markets toward central clearing, which will increase transparency, reduce counterparty risk and strengthen liquidity,” said John Niccolai, chief operating officer for global fixed income, Citadel.

“We are pleased to be using the service and look forward to engaging with LCH and other market participants to drive broad adoption of clearing across all currency pairs and FX products.”

The addition follows an expansion of ForexClear’s presence in Asia with the addition of its first Taiwan client CTBC Bank in September.

According to LCH, client clearing has continued to see growth throughout this year with a record quarterly volume of $90 billion on notional in the first quarter, up by almost half on the same period last year.

“This builds on the strong growth at the service, which has historically been driven by a focus on margin efficiencies that will only increase with Phase 6 of the uncleared margin rules in September 2022,” said James Pearson, head of ForexClear at LCH.

“There has now been a realisation that FX clearing can also bring significant capital savings, providing further benefits and helping the industry to respond to SA-CCR.”

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The chief operating officer for Asia at Citadel will depart from the US hedge fund later this year after three years in his role to join Hong Kong Exchanges and Clearing (HKEX) in a senior operations role.

Prior to joining Citadel, Buckley spent nearly seven years at JP Morgan in several roles including chief risk officer and chief financial officer for Asia Pacific. 

At HKEX, Buckley will lead the strategic development and transformation of the exchanges business, and lead efforts on modernising its systems and operations. 

“He [Buckley] has nearly 30 years’ experience in financial services and capital markets, and he will play a pivotal role in ensuring that HKEX is strongly placed to capture new growth opportunities,” said HKEX chief executive officer, Nicolas Aguzin. 

“During his career, John has worked in New York, London, Tokyo and Hong Kong in a range of well-respected financial organisations, in a variety of roles, and I know that his broad and deep experience will be invaluable to us, as we continue to build and shape our business.” 

Nicolas Aguzin was appointed CEO of HKEX in February earlier this year after previously leading the private bank business at JP Morgan. He replaced departing chief executive, Charles Li, who announced last year that he would be retiring early after 12 years in his role. 

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