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ON THE MOVE: Goldman and Deutsche Swap Trading Pros
Traders Magazine Online News, December 19, 2017
Goldman Sachs grabbed senior fixed income salesman Robert Wade, the former global of electronic FX sales at Deutsche Bank, for its ranks as a Managing Director. At Deutsche, Wade relocated from New York to London in 2010 to take the newly-created position of corporate electronic foreign exchange sales in Europe, the Middle East and Africa (EMEA) and North America. Up until then, he was a director and head of strategic initiatives within Citigroup’s Wall Street office.
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Wade is the latest managing director to move between Deutsche and Goldman’s markets businesses in the past few months. Marcelo Pizzimbono, the former head of prime brokerage sales for the Americas at Deutsche, left in October to return to Goldman Sachs in a senior equity sales role. Pizzimbono has previously spent 10 years at Goldman, where he was latterly a managing director and head of New York research sales, but left for Deutsche in 2010.
Conversely, Deutsche snatched from Goldman Paul Huchro, a former Goldman Sachs partner and head of US credit trading, back in October as global head of investment grade credit trading.
Triad Securities in New York brought back Charles Fisher as a Director of Prime Brokerage Sales. Besides his time at Triad, Fisher worked recently at Concept Capital/Cowen Prime Services.
Morgan Stanley Managing Director Peter Bolland has departed the bulge firm after nearly two decades. investment bank. According to reports, Bolland's departure comes as Morgan Stanley prepares to close its so-called exchange-facing automated market-making business, which Bolland helped manage, according to people familiar with the matter.
Les Male will leave his position as managing director and head of sales for Commodities Europe at Nasdaq in February 2018. Male joined Nasdaq’s European commodities business in his current role in May 2014, serving before as senior director, energy products at US exchange giant CME Group between June 2012 and February 2014.
Matt Beales joined Cboe Europe last month as director of LIS sales, while the platform set another monthly record of more than €3.3 billion traded in November. Beales helped build Liquidnet’s customer base and buy-side relationships across Europe for 15 years. Prior to that, he worked at Deutsche Bank in various trading and risk management roles.
Axioma has snagged from UBS Ian Lumb, formerly the Global Head of UBS’ Delta Unit to lead its Risk Solutions business.
Cubist Systematic Strategies landed Yonatan Kaspi n New York this month according to his LinkedIn profile. Kaspi was also a Vice President in Goldman’s strats team. Previous Cubist hires include Steve Jeneste, a former managing director in Goldman’s quantitative investment strategies group, who joined last year, and Kevin Lu, a former Goldman quant strategist who joined from AQR Capital Management in June.
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