Market maker Winterflood cuts twenty positions in London including six traders
The job cuts follow a 75% collapse in annual profits at the securities firm as investors shunned trading riskier stocks.
The job cuts follow a 75% collapse in annual profits at the securities firm as investors shunned trading riskier stocks.
Incoming head of trading had been with Winterflood Securities for almost 20 years.
The past week saw appointments from Credit Suisse and BTIG, along with departures from LSEG, Winterflood Securities and Mizuho.
Incoming equity sales trader has served at Winterflood Securities, RBC Global Asset Management, and Scottish Widows Investment Partnership.
The bank has been adding headcount under the stewardship of chief executive Rich Ricci.