TRADING UP: Fagen Named Head of Execution Services at BNP Paribas CIB
Equity market and industry veteran Brian Fagen has been named Head of Execution Services at BNP Paribas CIB. Fagen was part of the deal last July where BNP acquired the Global Execution and Prime Finance businesses from Deutsche Bank. The deal closed and went effective last December. Fagen spent the last nine years as a Managing Director at Deutsche Bank and before that worked at Barclays Capital, Lehman Brothers and Morgan Stanley for 18 years. He currently sits on the boards of BIDS Trading and Cboe Global Markets after it purchased Direct Edge. Fagen and the BNP CIB will be profiled in an upcoming Traders Magazine article.
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Kapil Rathi has been named Chief Executive Officer of CrossTower, a fintech firm whose mission is to mainstream digital asset trading and investing for individual and institutional customers and recently opened its Crosstower Exchange multi-asset trading platform. Rathi was a Co-Founder of the firm. A veteran of the fintech space for 25 years, he has worked previously at CBoe Global Markets as Head of Equity Options and before that was part of BATS where he was Senior Vice President Options Business Strategy. Before that he worked at International Stock Exchange before it was acquired by Nasdaq as head of Product Management for 10 years and at the New York Stock Exchange.
“We are excited to apply our deep knowledge of the institutional markets from a technology, security, regulatory, pricing and service perspective to digital assets and crypto,” said Rathi. “We have assembled a seasoned senior team and trusted industry partners who share our passion to help the global financial industry evolve thoughtfully and strategically.”
Aviva Investors, the global asset management business of Aviva PLC, has landed Julie Zhuang as a portfolio manager in the global equities team, further building out the firm’s strategic commitment to its equities business. She is based in London and reports to Mikhail Zverev, Head of Global Equities.
Zhuang will work closely with the existing team of five global equities portfolio managers, contributing ideas to a range of global active equity strategies managed by the team. She joins from UBS Investment Bank, where she was a research analyst focused on the European luxury goods sector. Previously, she held research roles at Barclays covering European luxury goods and retail.
“We are pleased to welcome Julie to Aviva Investors,” began Mikhail Zverev, Head of Global Equities at Aviva Investors. “Her experience, sector expertise and new analytical perspectives are a great addition to our active, high conviction investment approach and will help us continue to deliver strong investment performance to our clients.”
Rapid Addition’s Kevin Houstoun was elected as Director of FIX Protocol Limited, following a recent membership ballot. Also appointed to serve at FIX are Emma Quinn, SVP, Global Co-head of Equity Trading, Alliance Bernstein, and Lou Rosato, Director at BlackRock. Houstoun first became involved in the capital markets when joining Robert Fleming in 1996, where he wrote one of the first FIX engines in Europe. Moving to Salomon Brother in 1999 as co-head European Equity Electronic Trading, he worked with Jim Leman and the other founders of FIX, before going on to a successful stint in electronic trading strategy at HSBC. In addition to his current role as Executive Chairman at Rapid Addition, he is also a Visiting Researcher at the London School of Economics and Political Science’s Systemic Risk Centre.
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The weekly recap of senior hires, job moves and promotions around Wall Street.