UK investment bank Peel Hunt has promoted former head of systematic trading James Webb to deputy head of execution services as it expands and restructures its electronic trading and execution offering. The bank gives BEST EXECUTION the details.
The firm has recently made a number of new hires into its electronic trading division and is taking stock of its overall execution and liquidity offering, according to a spokesperson for the firm. In this context, Webb’s new role will see him take on a wider remit.
“James’ role has grown to also include managing some of the other desks including our product hub and execution hub (retail and overseas desk combined),” Peel Hunt confirmed to BEST EXECUTION.
“James is now managing a team of 13 people in the London office.”
Webb was head of systematic trading for more than two-and–a-half-years at the firm and has also been European head of trading at KCG Holdings’ global market making team within its electronic trading group. He was also an execution trader at ING for three years.
Nishad Vallonthaiel (head of electronic and programme sales trading) and Vinesh Chhaya (senior electronic sales trader) also recently joined Peel Hunt to work with its existing team and its newly formed electronic trading product hub to build out the firm’s institutional electronic (low touch) trading capability.
The hires come as Peel Hunt reports improved revenues for the six months to September 2023, a relief after a ““prolonged period of adverse market conditions” saw a drop off in deals and listings in the earlier part of the year.
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