Plato Partnership has welcomed three new founding members – Kepler Cheuvreux on the sell side through KCX, its electronic trading platform and UBS Asset Management and Pictet Asset Management on the buy side.
The not-for-profit member organisation is a collaborative effort between asset managers and broker-dealers to bring creative solutions and efficiencies to today’s complex equity marketplace.
“We are delighted to welcome these three leading financial institutions into the Plato fold,” says Mike Bellaro, CEO of Plato Partnership. “Their experience and expertise in the European equities marketplace will prove invaluable as we seek to broaden the scope and scale of the partnership.
He adds, “We face a tough time in all financial markets, and only through better communication between buy side, sell side and venues coupled with strong academic research can we find the best solutions to the challenges we face.”
Chris McConville, global head of execution services and trading at Kepler Cheuvreux said, “Plato Partnership’s commitment to a strong academic base while fostering open communication and dialogue between all parts of the marketplace are vital for the health of all financial services, and we are excited to start contributing to this mission.”
Lynn Challenger, global head of trading & order generation and managing director at UBS Asset Management added, “The work done by Plato Partnership is a cornerstone of improving the marketplace. We are committed to sustainable outcomes with the aim of driving long-term performance and positive impact beyond returns.
Edward Atkins, global head of equities trading at Pictet Asset Management said, “Pictet Asset Management have a robust and progressive approach to providing best execution on behalf of our clients. Plato Partnership provides an opportunity to collaborate with our peers and contribute to making the marketplace better for all participants.”
Other Members of the Plato Partnership include: Allianz Global Investors, Axa Investment Managers, Baillie Gifford, Bank of America Securities, Barclays, BlackRock, Capital Group, Citi, Credit Suisse, DWS Group, Exane BNP Paribas, Fidelity International, Goldman Sachs, Instinet, Invesco and Janus Henderson.
Jefferies, JP Morgan, Kepler Cheuvreux, Legal & General Investment Management, Liontrust, MFS International, Morgan Stanley, Norges Bank Investment Management, Pictet Asset Management, RBC, Redburn, Schroders, Societe Generale, T. Rowe Price, UBS, UBS Asset Management, and Union Investment are also on the list.
