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ON THE MOVE: RBC Nabs Sanhu for Global Equities; Goldman Grabs Doyle and Cornish

Traders Magazine Online News, November 20, 2018

John D'Antona Jr.

RBC Capital Markets has landed ex-Morgan Stanley sales and trading executive Jas Sandhu. Sandhu, who has spent the last 16 years with Morgan Stanley, served as the firm at one point as head of Asia Pacific trading. At RBC Sandhu will be based in London and run algorithmic trading across the bank's cash equities and exchange traded fund desks, according to a spokesman for the bank.

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Fenergo has announced its expansion into Private Banking and Wealth Management with Steve DíSouza leading the newly created division. †DíSouza, 35-year veteran, has worked at Unisys, Odyssey, Parity, Propero and TCA Consulting before setting up Sales Kinetics in 2008. He will report directly to Fenergoís CEO Marc Murphy and will be based in London.

Steve D'Souza

Duco, the global provider of enterprise data quality and reconciliation services, announced that former HSBC and Merrill Lynch veteran Spencer Lake has joined the board of directors as a non-executive director. The company has also significantly bolstered its senior management team with the appointments of Danielle Price as Head of Finance and Operations, Peyton Kay as Vice President of Strategic Marketing, and Scott Glazer as Head of Sales, North America.

Prior to joining Duco, Lake spent 10 years at HSBC where he served as a Group General Manager, Vice Chairman of Global Banking and Markets, Co-head of Global Markets, and Global Head of Capital Financing. Previously he spent 17 years at Merrill Lynch in senior roles spanning investment banking, debt capital markets, and real estate finance. Lake is currently an advisor and board member to several technology firms challenging the status quo, including Fenergo, nCino, Nivaura, Inforalgo and Callsign.

Goldman Sachs has hired executives from Citigroup and JPMorgan in a bid to strengthen collaboration between its electronic trading and hedge fund services teams. The bulge broker hired Thomas Doyle as head of single stock synthetic products group distribution in Europe, the Middle East and Africa. Doyle previously worked at Citi, where he was head of synthetic distribution and stock loans within delta one sales. David Cornish has also joined the firm, as head of quant distribution. He will work across prime brokerage and electronic trading. Previously, Cornish was an executive director at JPMorgan.

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