06.26.2017

TRADING UP: Citadel Snags Harold; BlackRock’s Stattman Retires

06.26.2017

Citadel Securities landed one of UBS’s top US equities regulation experts, Marc Harold, who served as UBS’s head of Americas equities regulatory risk management. Harold joined the market maker in June as deputy chief compliance officer. A spokesperson for Citadel Securities confirmed the appointment. He will work alongside Andrew Mannarino, who joined Citadel Securities in February last year from Barclays, where he was global head of electronic trading compliance.

Mukesh Murarka, ex-global head of emerging markets structured trading at Morgan Stanley, has joined Rokos Capital Management. Murarka left Morgan Stanley at the end of 2015 as part of a restructuring of its fixed income division. His last position at the bank was as head of FX hybrids and EM rates options trading. He joined Rokos Capital at the start of the June and has taken responsibility for organizing trade execution, a spokesman confirmed.

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Dennis Stattman, who has run what is now BlackRock’s largest mutual fund for more than 28 years, will retire from his role at the BlackRock Global Allocation Fund in August, according to an internal memo. Stattman, who has turned 66, is “confident that the time is right to complete a carefully planned process of transitioning management of Global Allocation to the team he built,” according to the memo signed by two top BlackRock executives, Rob Kapito and Rich Kushel.

3d innovations, a global data management software and services firm to buy and sell side participants, has hired market data specialist John Ikel from BNP Paribas to head up its main consulting and product unit for data governance. He will also lead the company’s consulting teams in data governance engagements. Prior, he was head of market data compliance and audit at BNP Paribas.

Grant Mackenzie, head of trading on HSBC’s agency securities lending desk, left in May, ending his 20-year tenure there. Based in London, Mackenzie covered HSBC’s global equities and bond trading on the agency lending desk.

Paul Domjan, Exotix

LCH has appointed Michael Davie as global head of rates for the group, taking over the role from Daniel Maguire who was named group COO earlier this year. The rates business, which includes its interest rate and inflation swaps clearing business, will transition from Maguire, who has led the unit since 2014, to Davie. Davie will lead the SwaPClear and listed rates business, and oversee the launch of LCH SwapAgent, the incoming post-trade business for non-cleared derivatives. He will report to Maguire and Martin Pluves, CEO of LCH.

Veteran network technology executive Greg Cubbon has joined UK-based network provider Colt Technologies as product manager for its PrizmNet capital markets extranet and ultra-low-latency services. At Colt, he will be responsible for extending the reach of its network and low-latency services to capital markets clients Cubbon previously spent six years at Hibernia Networks, including as infrastructure product manager and product manager for its global financial network. He joined Hibernia following eight years at BT as low-latency product and strategy manager for the vendor’s Radianz network.

Exotix, a frontier and emerging markets investment firm, hired Paul Domjan, the founder of Country Insights. Domjan subsequently led the successful integration of the subscription business of Roubini Global Economics and 4Cast to form 4CAST-RGE, where he was CEO from May 2016. Also hired were Rahul Shah, former Head of Research for MENA at Credit Suisse, as the new Head of Equities Financials Research; and Guy Frost, who has held senior trading and broking roles at JPMorgan, Standard Bank and ICAP, to run an expanded fixed income business in EMEA and Asia.

The firm has also grabbed Sibtain Mustafa, former Relationship Manager for Habib Bank and Head of Equities at Elixir in Pakistan, and Paul Stromsoe, ex-Head of Sales Trading at African Alliance and with experience at Merrill Lynch, WestLB and Natixis.

Barclays landed Chris Leonard joins the bank from Arcem Capital, a New York-based global macro and fixed income hedge fund he founded in 2012. Leonard was also a partner and co-founder of Alphadyne Asset Management, another global macro and fixed income hedge fund, which saw its assets under management rise to $2 billion during his time there. He is filling the left by its US fixed income veteran Michael Yarian who left the firm.

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