T. Rowe Price Names New Head of Fixed-Income Trading
Global asset manager T. Rowe Price has hired industry veteran Dwayne Middleton as its new global head of fixed income trading.
Middleton started his tenure with the firm last week, company officials told Markets Media.
The Desk first reported the hire.
Middleton, most recently spent the last decade at Morgan Stanley, where he left as global head of fixed-income trading. Prior to Morgan Stanley, he spent nine years at J.P. Morgan where he spent his last six years as the head of US investment-grade credit portfolio management.
In his new role, Middleton will work with Marc Wyatt, global head of trading at T. Rowe Price, according to The Desk.
Middleton holds a B.A. in Economics from the University of Maryland and a Masters of Business Administration from Northeastern University’s D’Amore-McKim School of Business as well as being a Chartered Financial Analyst.
Third-country benchmarks that are widely used in the EU could become unavailable.
The market should still transition to Libor alternatives before the end of 2021.
The focus is bringing together market participants to interact seamlessly in a global order book.
The use of algorithmic trading across FICC markets has increased significantly.
The powers will help manage tough legacy’ contracts that cannot transition from LIBOR.