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ON THE MOVE: UBS Snags Farthing; Barclays Nabs Global Equities Head

Traders Magazine Online News, February 13, 2018

John D'Antona Jr.

UBS has snagged a top trading technologist in a bid to boost its cash and electronic trading capabilities. Michael Farthing, a Credit Suisse alum, has been brought on board by the firm. Based out of London, he has joined the firm as a managing director and will be focusing on electronic and algorithmic trading technology. Farthing, a veteran with 31 years of experience, spent the past two decades at Credit Suisse. He started his career in 1987 – joining J. P. Morgan after a year as a consultant but shifted to Barclays’ investment bank in 1996, where he worked as a development database administrator in the firm’s equities IT department. In 1998, he joined Credit Suisse.

Michael Farthing, UBS

Barclays has appointed a new global head of electronic equities who will join the bank after spending nearly 20 years at Credit Suisse in various senior electronic trading roles. Naseer Al-Khudairi built his extensive career experience at Credit Suisse leading several businesses at the investment bank, including roles as head of European cash equities and head of cross asset electronic trading. He left the bank in September and in his new role will report to Stephen Dainton, global head of equities, who joined Barclays in September and previously worked with Al-Khudairi at Credit Suisse.

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

BTIG announced today that it has named Matthew Partain the Head of Prime Brokerage Sales. Partain will join BTIG Prime Brokerage’s senior leadership team in supporting the ambitions of emerging fund managers and the ongoing needs of established funds. With 15 years of Prime Brokerage experience, Partain has been with BTIG since 2010. Partain will report jointly to Brian Petitt and Justin Press, Co-Heads of BTIG Prime Brokerage.

AxiomSL, the leading global provider of regulatory reporting, risk and data management solutions, onboarded James Babicz as Senior Vice President and Head of the recently opened Canadian office in Toronto. Babicz has more than 25 years’ experience in implementing risk management solutions to address Canadian and international regulatory requirements. He joins from Canadian Western Bank, where he held a senior role in risk management, directing Risk Data Aggregation, Analytics and Reporting programs. He oversaw the development and execution of multiple projects, updating and streamlining the bank’s risk management operations. Prior to joining Canadian Western Bank, Babicz served as head of risk at SAS UK and Ireland and also held leadership positions at Algorithmics, where he was involved in the development of regulatory capital calculation, aggregation and reporting solutions to meet OSFI requirements.

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