Day: 16 January 2018

Nomura Announces Management Re-Shuffle

Nomura has announced a number of changes to its senior management structure that includes a new role for Nigel Khakoo, formerly managing director and global head of FX trading.

Based in London, Khakoo is set to transition to a newly created role as global head of quantitative analytics and wholesale CTO. In this position, he will be responsible for leading the bank’s efforts to enhance its quantitative client proposition and build a technology strategy that delivers new products across the wholesale business. Khakoo will report into Steve Ashley, senior managing director, head of wholesale and global markets at Nomura.

SocGen CTA Index Shows Positive Gains for 2017

The Societe Generale Prime Services CTA Index ended 2017 with gains of 2.34%, following a positive last quarter during the year.

Meanwhile, the CTA Mutual Fund Index ended 2017 up 3.32%, the first year in its four-year history it has outperformed the main CTA index. However, difficult conditions continued for the Short-Term Traders Index, as it was down 0.55% in the month, reporting losses of 6.73% for the year.

The SG Trend Indicator completed a challenging year and underperformed the Trend Index, down 14.96% for the year. Continued upward trends in equity indices resulted in small gains again of 0.61% in December, to complete the year with a contribution of 11.91% at the portfolio level.

Goldman FX Man Moves to Crypto Side

B2C2, a cryptocurrency market maker, has announced the appointment of Phillip Gillespie as CEO of B2C2 Japan. Effective January 29, Gillespie will lead the company’s operations in Tokyo.
He joins from Goldman Sachs where he oversaw the FX G10 business for EMEA as part of the systematic market making team. Previously, he was an FX voice and systematic trader at Barclays and JP Morgan.
“I am very pleased to welcome Phillip as CEO of B2C2 Japan,” says Max Boonen, B2C2 founder. “His expertise in the FX market will be a great asset as we ramp up our business in Japan and the Asia Pacific region more broadly.”