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Railways Pension Scheme manager launches internal trading desk

Railways Pension Scheme manager launches internal trading desk
pensions-expert.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pensions-expert.com Daily Mail and Mail on Sunday newspapers.

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RPMI Railpen establishes in-house trading capabilities


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. ....

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Railpen hires head trader in preparation for in-house trading


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. ....

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