ON THE MOVE: BNP Paribas AM Names Deputy CEO; Trading Technologies Promotes Four

BNP Paribas Asset Management appointed Sandro Pierri as Deputy CEO, with effect from 1 January 2021. This is in addition to his role as Head of BNPP AM’s Global Client Group, which he has held since 2017. Pierri is based in London and reports to Frédéric Janbon, CEO of BNPP AM. Pierri has more than 30 years’ experience in the asset management industry. He began his career in 1989 as a portfolio manager with San Paolo Fondi, moving to BNL Gestioni in 1992, before joining ING Investment Management in Italy in 1994, where he held several commercial roles. Between 2002 and 2003 he was Chief Executive of ING Group’s Italian retail business.  Following the acquisition by UniCredit/Pioneer of ING’s Italian business, he joined Pioneer Investments, UniCredit’s asset management division, in 2004.  He spent 10 years in various commercial and managerial positions, including being appointed CEO in 2012.

TP ICAP Group, a provider of market infrastructure, appointed Andrew Polydor as Head of Global Markets. In this newly created role, Polydor will be responsible for the Group’s Global Broking division in addition to his current responsibilities as head of TP ICAP’s Energy & Commodities division, a position he has held for the past 12 years. Andrew began his career in Financial Markets in 1982 before moving on to set up Prebon Energy Sydney in the late 1990s, which became the premier broker in the Australian power market. He also established Prebon Environmental Consultancy Services, a pioneer in the carbon markets. Andrew later transferred to London to run Prebon’s growing energy business in Europe and was promoted to the position of Global Head of E&C at Tullett Prebon in 2008, becoming CEO of TP ICAP E&C in 2016. 

Trading Technologies International, a global provider of trading software, infrastructure and data solutions, promoted four executive leaders in the organization: Farley Owens is now President, Roger Mills is Chief Financial Officer, Guy Scott is EVP Global Head of Sales and Bharat Mittal is Chief Technology Officer.

As President, Farley Owens will oversee the day-to-day operations of the company, specifically driving the execution of the company’s objectives to fuel growth. Previously, he served as Head of Product Marketing and EVP Product Management and Marketing.

A 20-year veteran of the company, Roger Mills previously managed the full suite of corporate finance, treasury and accounting as EVP Finance. As Chief Financial Officer, his role will expand to help drive strategic partnerships and corporate growth plans.

Guy Scott most recently served as Managing Director of Sales, Americas where he was the primary lead on sell-side relationships and buy-side sales. As EVP Global Head of Sales, Guy will oversee all sales and business development efforts worldwide. Prior to TT, Guy worked in London and Chicago for FutureSource.

Bharat Mittal was recently EVP Engineering and Architecture, managing all aspects of TT’s global engineering enterprise. As Chief Technology Officer, he will continue to direct software, quality, network and systems engineering and help drive TT’s overall technology strategy.

Cowen Inc. hired Adam Strout as a Director in the Company’s Outsourced Trading division as a Director. Strout will be based in Boston and work with the firms’ global team of 38 traders. He will report to Bobby Croswell, Head of US Equity Outsourced Trading. Strout joins Cowen from Diametric Capital, where he served as Head of Equity Trading and was responsible for all global equities, options, swaps and currency transactions for the manager investment platform. Previously, he held trading positions at Bank of America Merrill Lynch, Deutsche Bank, and Putnam Investments. 

BestEx Research Group, a provider of algorithmic execution and measurement tools, appointed Richard Chase as Chief Compliance Officer of BestEx Research Securities, a subsidiary of BestEx Research Group. He will report to CEO Hitesh Mittal. Most recently, Chase was General Counsel at RBC Capital Markets. Prior to RBC, he held senior legal and compliance roles at Wessels Arnold & Henderson, U.S. Bancorp Piper Jaffray and Lehman Brothers. Chase also served as Chief Regulatory Officer of the Philadelphia Stock Exchange and the American Stock Exchange. Chase started his career at the U.S. Securities & Exchange Commission.

Shawn Joshi, head of credit index trading at Morgan Stanley, has resigned from the bank, Insider reported, citing people familiar with the matter. Joshi is going to Compass Rose Asset Management, a credit-focused hedge fund founded in 2017 that managed $1.9 billion in assets as of July 2020, Insider reported.

Vontobel Asset Management hired Jean-Michel Manry to head fixed income trading, The TRADE reported, citing Manry’s LinkedIn Profile. Manry spent 18 years at Pictet Asset Management, which he first joined in 2000 as a derivatives trader and later took on more senior roles as head of fixed income and multi-asset trading. At Pictet, he traded equities, rates, bonds, FX, OTC products, and was responsible for building out the buy-side execution desk in Geneva, The TRADE reported.