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11.06.25 - 12:36
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Jefferies Goes On Hiring Binge As Outsourced Trading Booms (ZeroHedge)
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Jefferies Goes On Hiring Binge As Outsourced Trading Booms
Jefferies Financial Group is ramping up its outsourced trading business by hiring 17 new traders, aiming to tap into the growing trend of asset managers looking to cut costs and expand their trading capabilities, according to Bloomberg.
The firm has already recruited nine traders and plans to hire eight more, extending its services to fixed-income products in addition to its existing equities desk.
This expansion comes as more asset managers consider outsourcing their trading operations. UBS's exit from the outsourced trading business earlier this year has opened opportunities for competitors to gain market share. “A main theme has been the increase in the larger asset managers looking at this,” said Amy Thorne at Northern Trust. “This is not just a cost play.”
Outsourced trading allows money managers to execute trades during busy periods, access new markets, or even replace their entire trading divisions. Advocates say it pro...
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07.06.25 - 03:48
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Stocks Hit Highest Since February on Jobs Surprise | The Close 6/06/2025 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Katie Nixon, Northern Trust, Betsey Stevenson, University of Michigan, Dan Dolev, Mizuho, Rashad Bilal & Troy Millings, Earn Your Leisure, Matthew Griffin, Bloomberg News, Barry Bannister, Stifel, Jess Menton, Bloomberg News, Ed Ludlow, Bloomberg News, Stacy Rasgon, Bernstein Research, Frances Katzen, Douglas Elliman, Brett Winton, Ark Invest, Tony Zaccario, Stretch Zone, Nicole Camarre, 43North. (Source: Bloomberg)...
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02.06.25 - 16:18
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Northern Trust Appoints Katherine McCabe to Lead OCIO Strategy for Asset Servicing (Business Wire)
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Growth in Outsourced Chief Investment Officer segment highlights need for innovative solutions to support OCIOs and their clientsCHICAGO--(BUSINESS WIRE)--#assetmanagement--Northern Trust (Nasdaq: NTRS) today announced the appointment of Katherine McCabe to lead the OCIO strategy for its Asset Servicing business unit.
In this newly established role, McCabe will be responsible for developing strategic relationships with Outsourced Chief Investment Officer (OCIO) firms and the associated investment consultant community. She will report to Melanie Pickett, Head of Asset Servicing, Americas.
Melanie Pickett, Head of Asset Servicing, Americas, said: “Northern Trust is committed to building stronger relationships with the OCIO community to unlock the full potential of this space, and we believe Kate's expertise will play a vital role in this effort. By tapping into her wealth of knowledge, we can craft innovative solutions that address the distinct needs of OCIOs and their clients. We're excited to welcome ...
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