ON THE MOVE: Goldman and Deutsche Swap Trading Pros

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 Citigroups Wall Street office.

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Wade is the latest managing director to move between Deutsche and Goldmans 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 ofUS 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 departurecomes 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 Malewillleave his position as managing director and head of sales for Commodities Europe at Nasdaq in February 2018. Male joined Nasdaqs European commodities business inhiscurrentrole 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 Liquidnets 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 Goldmans strats team. Previous Cubist hires include Steve Jeneste, a former managing director in Goldmans quantitative investment strategies group, who joined last year, and Kevin Lu, a former Goldman quant strategist who joined from AQR Capital Management in June.

The California Public Employees Retirement System (CalPERS) announced its chief operating investment officer, Wylie Tollette, is leaving the pension fund. In a statement, CalPERS said in a statement that Matt Flynn, an investment director at the fund, will become interim COIO once Tollette leaves the $345 billion fund on January 5, 2018. Tollette, who worked at CalPERS since 2014, had served as a major force behind the scenes at the fund. As COIO, he led investment performance and risk analytics initiatives, in addition to working on policy, operations, compliance, and business planning in the CalPERS investment office, according to the funds website.

Flynn, who is taking Tollettes place as COIO, has worked for CalPERS since 2003. In his most recent role, Flynn managed CalPERS investment operations and trade support functions, in addition to chairing the funds pricing and valuation committee, according to CalPERS website.

CME Groups president of post-trade and clearing and industry veteran Kim Taylor has announced she will retire at the end of the year. Taylor has been part of the global derivatives exchange group for over 28 years, and was a founding member of the Women in Listed Derivatives (WILD) organisation. Her retirement is the latest high profile departure for CME Group in a year after its former chief executive, Phupinder Gill, retired at the end of 2016.

Quantitative Brokers has appointed Ralf Roth as Chief Executive Officer and named Thomas Ascher as Executive Chairman. Roth brings a wealth of experience to Quantitative Brokers, recently serving as IHS Markits Equities Division CTO. Previously he served as Global Head of Elektron at Thomson Reuters and worked at Deutsche Bank as Global Head of Fixed Income Electronic Trading and Equity Electronic Trading businesses. Roth will be based in Quantitative Brokers New York offices, reporting to the Board of Directors, which he will join. Roth will begin as CEO effective December 18th.

Ascher brings more than 30 years of experience across the financial technology and exchange industries. Ascher has served in a range of roles, including President and CEO of pari-mutuel software firm Longitude LLC, Chief Strategy Officer at ISE, and Vice Chairman and Chairman of the Executive Committee at the CBOE, as well as serving on numerous industry boards, including the CBOE and Direct Edge Holdings.