Tag: Transition trading

Bank of America’s Global Markets division saw sales and trading income fall by a fifth in the fourth quarter of 2014, according to results today, excluding accounting adjustments.

Citi’s head of EMEA execution sales (electronic trading) has left the group after five and a half years, The TRADE understands.

Execution and research broker ITG has launched its first cost index to help portfolio managers and traders understand trading costs on a daily basis.

Former J.P. Morgan transition management chief John Minderides has been hired to head State Street’s transition efforts in the United Kingdom. Rick Boomgaardt, head of EMEA transition management, has left the firm.

US trading technology company and agency brokerage ConvergEx Group has appointed Jim Karelas as head of transition management for the Asia-Pacific region. Karelas is based in Sydney, Australia and reports to Kal Bassily, head of global transition management.

Multi-asset brokerage Newedge has said recent hires to its transition management team are the result of a continued expansion to its prime brokerage business.

Agency broker and trading technology provider ConvergEx has appointed Adam Esposito to its global transition management team in New York.

Citi has established a new origination function for its transition management business in EMEA, which will actively seek mandates across asset classes.

Agency broker ConvergEx has retained James Elkins, a founder of transaction cost analysis firm Elkins/McSherry, as a consultant to its plan sponsor business. Elkins will advise ConvergEx on how customised transition management strategies can be used to reduce the costs associated with portfolio restructuring.

Agency brokerage and technology provider BNY ConvergEx has agreed to provide clients of BNP Paribas Securities Services, the post-trade administration division of French bank BNP Paribas, with transition management services.