Liontrust’s chief commercial officer and former head of trading, Matt McLoughlin, has left the UK-based asset manager after 10 years, The TRADE can reveal.
McLoughlin declined to comment when approached by The TRADE.
His departure follows news broken by The TRADE in January that Liontrust was exploring outsourcing its trading to BNY.
While it is not yet confirmed what the final agreement will be, it appears the setup will at the least be focused on covering non-UK activity.
“As part of our ongoing commitment to enhancing operational efficiency, it is proposed to deepen our strategic relationship with BNY by using its Buyside Trading Solutions for our trading capabilities,” said Liontrust in a trading update released at the time.
McLoughlin originally joined Liontrust in 2015 as a senior trader before working his way up through the ranks to become head of trading in 2016. He assumed his most recent role as chief commercial officer in 2023, responsible for overseeing the development of commercial strategies of the Group as well as maintaining oversight of the trading desk.
Martin Hendry, who had been part of firm’s multi-asset desk for the last six and a half years, assumed the role of deputy head of trading when McLoughlin joined Liontrust’s C-suite in 2023.
During his tenure, McLoughlin co-led a redesign of the firm’s operating model, integrating a cloud-native data architecture while automating a significant portion of multi-asset execution, and implementing an upgraded trading and investment platform.
Industry stalwart McLoughlin has an extensive career history in trading, having previously served as a global equity and derivatives trader at Legal & General Investment Management (LGIM) for a year and as a senior trader at RAB Capital for five and a half years.
He currently serves on the board of directors at Plato Partnership.
McLoughlin was recognised as one of The TRADE’s Rising Stars of Trading and Execution in 2016. Under his stewardship, Liontrust was awarded The TRADE’s Multi-Asset Trading Desk of the Year and Mid-Cap Trading Desk of the Year in 2022 and 2017 respectively.
Liontrust’s multi-asset desk was also nominated for the Multi-Asset Trading Desk of the Year at Leaders in Trading 2024.
During McLoughlin’s time with Liontrust, the asset manager grew from $4 billion in AUM to a peak of $50 billion across a global, multi asset platform.
He also co-led a redesign of the firm’s operating model, integrating a cloud-native data architecture, automating its multi-asset execution, and implementing a new trading and investment platform.
As reported by The TRADE earlier this month, Maddy Davies swapped Liontrust for BlackRock following almost two years as a trader within the asset manager’s multi-asset trading team.
Last year, Davies was recognised as one of The TRADE’s Rising Stars of Trading and Execution 2024. Davies joined the firm from Northern Trust in July 2023, where she had spent two years working across various departments.