Matt Scott has been confirmed as head of core fixed income trading at AllianceBernstein (AB), following Jim Switzer’s promotion to head of municipals earlier this year.
Scott, formerly head of global rates trading at AllianceBernstein, is now head of global rates, securitised-assets, multi-asset, and currency trading at AB, with a remit that extends across all fixed income products except municipal bonds.
Switzer, who made his name as head of credit trading and later leading overall fixed income trading at AB, is now responsible for muni trading, muni research and municipal bond portfolio management. Two other members of the trading team, Tim Morbelli and Tim Kurpis, were both also promoted to portfolio trading roles earlier this year.
Aykut Konak has joined Balyasny Asset Management as a fixed income repo trader from Citi where he was CGME head of fixed income securities finance.
Konak has deep experience in the area, having worked across multiple functions at WestLB, which he joined in 2000, before leaving for Citi’s G10 rates team in 2010. He covered sales across fixed income and derivatives sales from Nordea Markets to Danske Bank between 2016 – 19 before joining Citi’s securities finance function in 2020.
BNY Mellon Pershing has appointed Umar Zaman as head of strategy for its EMEA business, based in London.
Zaman, who will also join the BNY Mellon Pershing EMEA executive committee, will be stepping into the newly created role from Investec Wealth and Investments where he served as head of strategic initiatives and innovation. He has also held multiple senior leadership positions at PwC, EY and AXA Investment Managers.
On the new role, Zaman says there is a growing need for wealth and asset management firms to simplify operating models and invest in technology to differentiate their client service.
“Pershing EMEA is renowned for its ability to support firms on their transformation journeys towards long-term, profitable growth. I look forward to collaborating with the EMEA team to identify opportunities that will enhance our proposition, squarely focused on the interests of our clients.”
Zaman will report to the head of Pershing EMEA Cécile Nagel. She says Zaman is an “experienced transformation leader” with a career spanning more than 20 years.
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