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ON THE MOVE: Citi Names Bulkin Head of Electronic Cash Trading

Traders Magazine Online News, June 5, 2018

John D'Antona Jr.

Citigroup has hired Dmitry Bulkin as its new US head of electronic cash trading. Bulkin joins Citi after nearly 15 years at Credit Suisse, where he was most recently head of liquidity strategy and market structure for US equity trading.

Bank of America’s Hedge Fund unit saw two senior executives - Michael Dolan and Kristin Maule - both directors in prime-brokerage sales leave. Also, Chris Throop, a managing director in consulting left the firm. Jonathan Brenner, Katie Alberti and Sally Carlson, all vice-presidents in capital introductions have also left the firm, Traders Magazine has learned.

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On the flip side, Bank of America landed David Kim, the US head of flow trading at JPMorgan, who joins the firm in a similar role. Kim has also spent time at UBS and Goldman Sachs before JPMorgan.

Wells Fargo Asset Management grew its Multi-Asset Solutions Team by hiring three. First, Eddie Cheng has joined the firm as head of International Portfolio Management. Cheng’s focus is on managing absolute return and alternative risk premia strategies. Cheng comes to WFAM from Schroders, where he was a senior portfolio manager with its multi-asset team. He reports to Nico Marais, president of WFAM and head of Multi-Asset Solutions, and is based in London.

Chenfei Ma and Stephane Renevier also recently joined WFAM’s Multi-Asset Solutions team, Ma as an investment analyst and Renevier as a portfolio manager. Both Ma and Renevier, who most recently worked on the multi-asset team at Schroders, report to Cheng. They are based in London.

Cantor Fitzgerald has poached UBS’s head of energy trading to join its expanding equities desk, according to reports. Neil Smith, who was most recently head of energy and industrial equity trading at UBS, which he left in February after a round of lay-offs. Smith worked as the bank’s head of energy and industrial trading for nearly 18 years. In tandem with his duties as head of the energy desk, he was also head of cash equity trading for two years until April 2015.

Backstop Solutions Group, a provider of cloud-based productivity solutions for consulting firms, pensions, private equity firms and other institutional investment firms, appointed Nancy Wells as Senior Vice President, Global Sales. A veteran with more than 30 years of experience, Wells will lead Backstop’s sales efforts, as well as join Backstop’s Executive Management Committee.

Crypto Facilities, a cryptocurrency trading platform and index provider, appointed Sui Chung to lead its index and pricing products business. Sui onboards from Euromoney Institutional Investor PLC where he latterly led Euromoney Indices, the firm’s financial benchmarks business.

Ophir Gertner, Co-Founder of Stox and Smartologic, announced that he is set to join INVioU, an innovator that uses blockchain technology to facilitate invoice factoring (AR) for small businesses.

Mizuho Americas landed Paul Sankey, an oil & gas research analyst consistently ranked among the best in the industry. Sankey is a UK graduate of the University of Manchester, and Ampleforth College. Sankey is based in New York and reports to the Head of US Equity Research Susan Gilbertson.

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