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ON THE MOVE: BNP, Cowen, Credit Suisse Hire Prime Execs
Traders Magazine Online News, September 11, 2018
BNP Paribas has appointed Nathaniel Litwak as Global Head of FX Prime Brokerage within its Prime Solutions & Financing division. Litwak has spent the last nine years at BNP Paribas in several senior roles, most recently responsible for Institutional Sales for FX PB and DEC in the Americas, in addition to managing the FX PB platform in the Americas. In his new role at BNP Paribas, he will be responsible for expanding the firm’s FX Prime Brokerage business. He will be based in New York and report to to Jeff Lowe, Head of PS&F Americas and Kieron Smith, Deputy Head of PS&F.
Nathaniel Litwak
Cowen hired William Bassin for its Cowen Prime Services capital introduction team as a Director. Bassin is charged with expanding the firm’s reach into the alternative investor space while working with prime brokerage and outsourced trading clients on their capital raising efforts. Previously, he was a member of the capital introduction team at Wells Fargo Securities. Bassin also previously worked in prime brokerage and capital introduction at Lehman Brothers and UBS Securities, and served in various investment/research and asset raising capacities at several firms, including Auda Hedge, The Museum of Modern Art Endowment, and UBP Asset Management.
Credit Suisse has hired a new US head of prime derivatives services. Terry Berke joined the firm from CME Group where he was a senior figure in the exchange’s client development and sales team.
If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com
Juan Landazabal has joined Swiss asset manager, Global Asset Management (GAM), as global head of trading, according to an email seen by The DESK. Until May 2018 he was global head of fixed income & FX trading at DWS (formerly Deutsche Asset Management), a position he had held since 2013.
Terry Berke
Barclays lost its head of U.S. equities trading – as sources reported Amit Mehrotra, the UK bank's head of U.S equity trading left. Mehrotra spent the last seven years as head of U.S. equity trading at Barclays and also spent the last two years running all flow derivatives sales and trading. He began his career as an equity derivatives trader at Lehman Brothers in 1996.
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