Santander Asset Management entra en el accionariado de Izertis expansion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expansion.com Daily Mail and Mail on Sunday newspapers.
RPMI Railpen has announced plans to internalise its trading desk, which is expected to be operational over the summer.
Railpen - which manages £31bn of assets on behalf of the railway pension schemes - said the move follows substantial growth in Railpen s trading activity over the past few years.
As part of the move, Tom O Kelly has joined Railpen as head trader reporting to investment director Rachit Sharma, who oversees Railpen s execution arrangements. O Kelly has a strong background in multi-asset trading, having spent 11 years at Dalton Strategic Partnership, followed by periods at Balyasny Asset Management and, most recently, Santander Asset Management.
People moves: Railpen brings trading desk in-house [updated] ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Railpen hires head trader in preparation for in-house trading
Print
Tom O Kelly joined RPMI Railpen as head trader as part of the manager s decision to internalize its trading desk.
Mr. O Kelly reports to
Rachit Sharma, investment director, who oversees Railpen s execution arrangements, a news release said.
The firm, which manages £31 billion ($43.4 billion) in assets on behalf of the railway pension plans, expects to have an operational, internal trading desk in place in the summer. The move follows substantial growth in Railpen s trading activity over the past few years, the release said.
All trading will move to the internal desk “in due course,” a spokesman for Railpen said. Railpen currently uses BNP Paribas Securities Services outsourced dealing service, he added.
S&P Global Announces Four Directors from IHS Markit will Join the Board of the Combined Company prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.