TRADING UP: Cowen Adds Bassin; Landazabal to GAM
BNP Paribas has appointed Nathaniel Litwak as Global Head of FX Prime Brokerage within its Prime Solutions & Financing division. Litwak has spent the last nine years at BNP Paribas in several senior roles, most recently responsible for Institutional Sales for FX PB and DEC in the Americas, in addition to managing the FX PB platform in the Americas. In his new role at BNP Paribas, he will be responsible for expanding the firm’s FX Prime Brokerage business. He will be based in New York and report to to Jeff Lowe, Head of PS&F Americas and Kieron Smith, Deputy Head of PS&F.
Cowen hired William Bassin for its Cowen Prime Services capital introduction team as a Director. Bassin is charged with expanding the firm’s reach into the alternative investor space while working with prime brokerage and outsourced trading clients on their capital raising efforts. Previously, he was a member of the capital introduction team at Wells Fargo Securities. Bassin also previously worked in prime brokerage and capital introduction at Lehman Brothers and UBS Securities, and served in various investment/research and asset raising capacities at several firms, including Auda Hedge, The Museum of Modern Art Endowment, and UBP Asset Management.
Credit Suisse has hired a new US head of prime derivatives services. Terry Burke joined the firm from CME Group where he was a senior figure in the exchange’s client development and sales team.
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Juan Landazabal has joined Swiss asset manager, Global Asset Management (GAM), as global head of trading, according to an email seen by The DESK. Until May 2018 he was global head of fixed income & FX trading at DWS (formerly Deutsche Asset Management), a position he had held since 2013.
Barclays lost its head of U.S. equities trading – as sources reported Amit Mehrotra, the UK bank’s head of U.S equity trading left. Mehrotra spent the last seven years as head of U.S. equity trading at Barclays and also spent the last two years running all flow derivatives sales and trading. He began his career as an equity derivatives trader at Lehman Brothers in 1996.
BNP Paribas Asset Management named Peter Abbott as Head of European Large Cap Equities, beginning October 1. Abbott will assume responsibility for the management of the European Large Cap Equities team from Andrew King, who is leaving BNPP AM to pursue external opportunities. In a career spanning more than 30 years, Andrew has spent 18 years at BNPP AM and its predecessor companies, becoming Head of European Large Cap Equities in 2008. He will remain with the team until the end of September. Abbott is one of the founding members of the European Large Cap Equities team, having joined ABN AMRO Asset Management in 2007. With almost 35 years of investment experience, has was most recently a senior portfolio manager. He will be based in London and will report to Guy Davies, CIO, Fundamental Active Equities.
Northern Trust landed Dan Houlihan who has been named Head of Asset Servicing, Americas, a newly-created position responsible for delivering the full range of front, middle and back office services to both asset owners and asset managers. In his new role, Houlihan will lead Northern Trust’s business servicing institutional investors across the Americas, including corporations, public pensions, foundations and endowments. Houlihan joined Northern Trust in 2008 and led Investment Operations Outsourcing before he was named head of GFS Americas in 2012. Prior to Northern Trust, he spent 19 years in leadership positions for investment management, technology, and services companies, including Citisoft, Inc. where he was President.
Electronic US Treasuries (UST) trading venue LiquidityEdge hired Andy Bria as Chief Operating Officer, based in New York. Bria comes from NEX Group, where he held multiple senior roles across client services for both the flagship EBS and BrokerTec brands for over 13 years. He was Head of Client Services for six years, and in 2011, successfully managed all client-facing aspects of the BrokerTec technology platform refresh.
Cinnober Financial Technology, a global independent provider of technology solutions for the finance industry, has hired Fredrik Nihlén as Cinnober Group CFO, John Yonker as Simplitium CEO and Patrick Tessier as Minium CEO. Simplitium and Minium are wholly-owned subsidiaries of Cinnober.
Nihlén, previously Vice President of Finance, replaces Peter K. Lenardos who was appointed Group CEO in August. Yonker takes over from Per-Anders Häll-Bedman who has served as Interim CEO since May. He previously held the role of COO at Simplitium, will focus on bringing the firm into profitability in 2019. Tessier joined Minium as COO in February 2017.
BTIG Limited, the European affiliate of BTIG, landed Christopher Rollins as its Chief Executive Officer. Rollins assumes leadership of the London-based broker-dealer, following a successful role as a Managing Director, International Equities, and Head of U.S. Execution Services at BTIG, LLC in New York. He will be tasked with expanding BTIG’s existing suite of multi-asset class products, and accelerating the growth of its geographical footprint across Europe. Prior to BTIG, he spent more than 15 years at Goldman Sachs in several key leadership roles including Managing Director and Co-Head of European Execution Services in London.
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