08.23.2016

TRADING UP: Schroders Bulks Up Fixed Income Team; Credit Suisse Hires Quant Pro

08.23.2016

Schroders, a global asset manager with $466 billion in AUM, hired three senior executives for its New York office in its growing US fixed income business. First, the firm hired David Knutson as head of credit research- Americas. He will oversee all of Schroders’ America’s based credit research activities and brings almost 25 years of experience to the firm. He replaces Jack Davis who transitions internally into a Senior Analyst role. Secondly, Eric Skelton joined as a US credit trader for US investment grade credit. In this role he will be part of the global fixed income and FX trading team as a senior trader. Lastly, Chris Eger will be a portfolio manager for the US Credit team, reporting to Wes Sparks.  Eger has 14 years of experience in investment grade securities both in trading and portfolio management capacities.

Earlier this year in May, Schroders acquired Brookfield Investment Management’s ABS/MBS team in an effort to deepen its fixed income capabilities. The hiring of David, Eric and Chris is another example of its commitment to expanding the US credit team.

JP Morgan has hired State Street’s former head of its futures commission merchant (FCM) business, Scott Bevier. Bevier returns to the bulge firm as a managing director of its global fund services unit, focusing on “key strategic initiatives include the middle office outsourcing and investment information services product build-out,” Bevier will work alongside its product development, operations and technology team to build out the middle office offering, the memo stated.

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AlphaSense, a market research search engine, grabbed Kevin Broom and Robert Magri to its staff in order to advance the firm’s technology, functionality and content library. Broom will serve as the executive vice president of product development. Magri has taken the role of chief content officer. Both will report to Jack Kokko, AlphaSense founder and CEO.

Credit Suisse nabbed quant star Matthew Rothman, formerly of Acadian Asset Management, to create a global team helping big investors sort oceans of data to make stock picks. According to company spokesman Azar Boehm, this is a newly created role and places Rothman in New York. Over the next few months, the executive will assemble a group of analysts to publish strategies and supplement services the bank already offers clients for quant-based bets. He reports to Stefano Natella, head of global markets research.

Sun Trading’s London managing director Simon Dove has resigned from the company week and is planning to take some time off from the industry. Dove wrote in an August 18 email to industry contacts that he had “taken the decision to take a few months out to spend some quality time with my family and improve my dismal golf swing.” He also left open the possibility of returning to the finance world sometime in the future but did not disclose when. Dove is credited with helping recruit Jamal Tarazi, who was appointed in June as the firm’s head of trading in Europe.

Lombard Risk Management has appointed David Howard to the position of senior regulatory consultant, Americas. In the newly created role, Howard is charged with keeping clients informed of all things regulatory and aligning the firm’s regulatory solution AgileREPORTER in delivering data acquisition, compilation and computation.

As reported in Bloomberg, Citigroup’s last real proprietary trader, Anna Raytcheva, has departed the firm. Raytcheva most recently ran a proprietary trading desk at the New York bank and leaves to open her own hedge fund. Raytcheva said in an interview that she expects to leave the bank before September. The move follows Citigroup’s decision earlier this year to close the proprietary trading desk that she ran. Her hedge fund, which doesn’t yet have a name, will focus on global bets in markets including foreign exchange.

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 resigned in New York last week, will be part of Lazard’s corporate preparedness division, the people said, asking not to be named as the details aren’t public. A representative for Bank of America declined to comment and Lazard and Deignan couldn’t be immediately reached.

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