08.30.2016

TRADING UP: Citi Lands LSE Veteran; Citadel Lands Buysider

08.30.2016

James Baugh, a veteran of both the LSE and Turquoise, has been hired by Citi and will join in the near future, according to people familiar with the situation. Baugh will be part of the bank’s equities group and act in a market structure analysis role – advising clients on regulatory changes such as the implementation of Mifid II. Baugh, who has been with the LSE for the last 12 years, replaces Dan Mathews, who left in May to launch a fintech startup.

If you have a new job or promotion, let me know at jdantona@marketsmedia.com

Citadel has landed former BlueCrest Capital Management portfolio manager Ashish Goyal as part of its hedge fund business, a Citadel spokesman said last Thursday. Aaccording to a  spokesman, Goyal will start at Citadel’s London office in November and will be a portfolio manager on its global fixed income team. He will be part of an expansion of the firm’s macroeconomic investing unit. In related news, the firm has appointed Blackrock’s former global head of securities lending and finance Michael Weaver as COO of its Surveyor Capital equity group.

Relatedly, Citadel’s former head of its global infrastructure team, Sonny Baillargeon, has joined KCG. Baillargeon, who worked at the $25bn Chicago-based manager’s hedge fund unit for roughly 14 months before leaving in April, was hired by KCG Holdings as their head of infrastructure. Prior to that Baillargeon spent six years as CTO of Pico.

The Singapore Exchange today announced the election of Kwa Chong Seng to succeed Chew Choon Seng as Chairman of the Board, according to media reports. Chew will be retiring at the conclusion of SGX’s Annual General Meeting on 22 September 2016, and will not be standing for re-election. He joined the Board in December 2004 and has been the Chairman since January 2011.  Chong Seng was elected to the Board in September 2012. He was appointed the Lead Independent Director in December 2013, and has been the Chairman of both the Nominating & Governance and the Remuneration & Staff Development Committees since September 2013.

JPMorgan has hired Shinji Ogawa, a former hedge fund manager at Evolution Japan Asset Management, to head Japanese equity sales as it strengthens its hedge fund coverage, Bloomberg reported. JPMorgan is seeking to boost its Japan stock business, and Ogawa is at least the fourth senior recruit by the U.S. bank for the operation in the past year. Last week, it hired Ryota Sakagami from SMBC Nikko Securities Inc. as its chief Japan equity strategist. Ogawa worked for Credit Suisse Group AG and JPMorgan before joining Evolution Japan.

Gramercy Funds Management has added former Greylock Capital head of trading Chris Tackney. Tackney comes aboard as managing director and co-head of Gramercy’s trading desk, the company said in a statement. He will report to Gramercy’s CIO, Robert Koenigsberger, and will manage a dynamic trading desk that encompasses performing and distressed corporates, sovereigns, equities, credit default swaps and currency hedges. Prior to joining Gramercy, Tackney was head of trading at Greylock Capital.

Mary Ann Deignan, co-head of global equity capital markets at Bank of America Corp. is leaving the firm to join Lazard Ltd., according to people familiar with the matter. Deignan, who left three weeks ago, will be part of Lazard’s corporate preparedness division, the people said, asking not to be named as the details aren’t public.

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