TRADING UP: Northern Trust Hires Blackbourn; Invesco Adds Isaac
Northern Trust hired Craig Blackbourn as head of transition management for Europe, Middle East and Africa. The appointment supports the bank’s investment in its global capital markets business which encompasses transition management, brokerage, foreign exchange and securities lending services. Blackbourn joins Northern Trust from Nomura International, where he was head of transition management, EMEA. He has also worked at Lehman Brothers, BNP Paribas Securities Services, Aberdeen Asset Management and both the custody and asset management businesses of Deutsche Bank.
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Global money manager Invesco hired a former Schroders fund manager to help lead the European expansion of its institutional fixed-income unit. Gareth Isaac, who was co-manager of Schroders’ £792 million Global Inflation Linked Bond fund, left the UK asset manager last summer and now re-emerged as chief investment officer for Europe for Invesco Fixed Income. Invesco Fixed Income is a division of the firm that chiefly manages fixed-income mandates for institutional investors around the world. It is distinct from the UK retail operation Invesco Perpetual, based in Henley-upon-Thames outside London.
Forefront Communications Group, a boutique marketing and PR firm focused on the capital markets and fintech, added Eric Soderberg as managing partner. Eric brings over 20 years of capital markets and fintech marketing and communications experience to Forefront. His past experience includes marketing and communications roles at Macgregor, ClariFI, NYFIX, Trepp, BondDesk Group and Convergex. Eric has been accountable throughout his career for helping companies define and strengthen their brands; generate buzz around new products, capabilities and ideas; build compelling demand generation campaigns and develop executive communications that inspire employees, clients and investors.
Apex Fund Services has appointed well-known industry expert Daniel Strachman as head of US business development. In his new role, Strachman will drive US growth initiatives and deliver fund management clients with proactive fund administration solutions. He brings with him more than 20 years of financial services experience, having led A&C Advisors LLC for 16 years, delivering guidance, counsel and support to investment management companies and institutional investors. Strachman has also held positions at Cantor Fitzgerald, Morgan Stanley and Orbitex Financial Services Group.
Commodity Futures Trading Commission Chairman Timothy Massad has resigned as the head of the regulator effective January 20. He had said earlier that he expected to leave once President-elect Donald Trump took office and he hoped for a smooth transition in handing the regulatory reigns over to the sole Republican commissioner, J. Christopher Giancarlo. Massad plans to stay on as a commissioner for a few weeks after stepping down to close out administrative matters, according to the CFTC.
The fund industry needs to increase transparency and add more value.
Enhancing pre-trade info has been a market focus for years.
The FCA published its business plan for 2017/18.
T+2 is good, but T+1 is better.
Asset managers are beginning to replace banks in supplying liquidity in fixed income.