CLSA appoints ex Morgan Stanley as algorithmic sales trader
Individual has previously worked at: State Street, Bank of Ireland Asset Management, and Morgan Stanley.
Individual has previously worked at: State Street, Bank of Ireland Asset Management, and Morgan Stanley.
The past week saw appointments across credit trading, fixed income and equities.
The TRADE sits down with Morgan Stanley’s EMEA head of market structure, Maria Salamanca Mejia, to discuss what’s needed to boost volumes in Europe, the regulatory focus in the coming year in EMEA, and market participants’ evolving view towards regulatory divergence between the UK and Europe post-Brexit.
The past week saw appointments from BNY Mellon Pershing, Morgan Stanley and Cantor Fitzgerald Europe, alongside departures from Stifel.
Individual has been with the bank for over a decade, most recently serving as executive director.
The so-called ‘Alliance 2.0’ builds on the banks’ initial partnership announced back in 2010; Memorandum of Understanding expects implementation in H1 2024.
The bank reported net revenues of $13.5 billion for the second quarter off the back of a boost in its investment and wealth management businesses.
The parties in question have now been invited to make representations to the Competition and Markets Authority (CMA) before a final ruling is made.
The three banks all experienced decreases in equity revenues, however, Bank of America stood out amongst the three with increases in total revenue and net income.
New appointment joins after spending 13 years at Morgan Stanley in a variety of equity-related roles.