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ON THE MOVE: UBS Lands Sheridan for Electronic Trading

Traders Magazine Online News, October 3, 2017

John D'Antona Jr.

Peter Sheridan, the former head of U.S. algorithmic trading, sales and coverage, has just been brought in by UBS to head up its electronic trading distribution team in the Americas. Sheridan worked at Goldman Sachs for over 12 and a half years, having joined from Morgan Stanley in 2005. Sheridan’s departure is the latest high profile move in electronic and algorithmic trading over the past few weeks. Bill Hillegrass, a managing director at Barclays in New York has just joined Bank of America as head of electronic client solutions (ECS) trading for the Americas. Meanwhile, Asita Anche, another Goldman Sachs managing director within its quantitative and algorithmic trading team, moved across to Barclays as its new head of systematic market making, risk centralization and data science.

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

Robert Crane, formerly of KCG Holdings and Goldman Sachs, has joined HSBC as global head of cash execution. A spokeswoman said Crane will have a "dedicated focus to transform and enhance the electronic platforms at HSBC". Crane left KCG in July, when US market-maker Virtu Financial completed its $1.4bn takeover of the firm and made a series of cuts. Prior to joining KCG in 2015, Crane had been co-head of European electronic trading at Goldman Sachs.

Robert Crane, HSBC

The Investment Company Institute landed Sean Collins. Collins currently serves as senior director of industry and financial analysis, leading ICI’s research on the structure of the mutual fund industry and its role in financial markets. Since joining ICI in 2000, Collins has been responsible for conducting and overseeing research on the flows, assets, and fees of mutual funds, exchange-traded funds, and other funds in the United States and globally, and has contributed significantly to ICI’s research agenda in the post-financial crisis era. Before joining ICI, Collins was a staff economist at the Federal Reserve Board of Governors and at the Reserve Bank of New Zealand. He has a PhD in economics from the University of California, Santa Barbara, and a BA in economics from Claremont McKenna College.

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