Sat, Jul 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Macquarie adds to US Cash Equities team

Wednesday, July 11, 2018
Opalesque Industry Update - Macquarie Group, today announced the appointment of three senior contributors to its Cash Equities business within the Commodities and Global Markets Group, an increased investment to strengthen and diversify the Cash Equities business.

Alex Goodman has been appointed Managing Director and Head of US Cash Trading, Maynard Um has joined the firm as a Senior Research Analyst covering automotive and disruptive technology companies and Marc Racioppo has been appointed an ADR trader and specialist in Asian equities.

Mr. Goodman leads a team of seven traders, including Mr. Racioppo. Mr. Goodman has previously held senior trading positions at Davidson Kempner, Citigroup and Bank of America, among others. Mr. Racioppo is joining Macquarie from Jefferies.

"Technological advancements and changing liquidity avenues are transforming the way investors process information and execute trades. Accordingly, clients are demanding higher levels of specialization and efficiency," said J.T. Cacciabaudo, Head of US Execution Sales, Cash Equities at Macquarie Group. "These appointments will help us deepen our expertise and enhance Macquarie's market leading position."

Mr. Um will focus on the way technological innovation will transform the automotive industry and related manufacturing. His vision and experience in following hardware, wireless equipment and other transformed industries will drive innovative research and ideas for clients in this important and evolving area. Mr. Um joined Macquarie from Wells Fargo Securities, where he was a senior research analyst covering technology companies. Prior to that, he covered technology as a senior analyst at UBS.

"We are delighted to have Maynard join our coverage team and offer differentiated analysis that our clients need. To understand today's automotive industry, you must also have insight into technology and its disruptive potential," said Christine Farkas, Managing Director and Head of US Equity Research. "His background as a leading technology analyst is ideal for forming insight on the future of the auto industry."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Northern Trust combines private equity and hedge fund admin units[more]

    From GlobalCustodian: Northern Trust has merged its private equity and hedge fund administration businesses to create a new North America Alternative Fund Services unit. The new division will provide fund administration, accounting and data solutions to its global hedge funds, private equity manager

  2. 7 ETFs that act like a hedge fund[more]

    From US News: To say 2018 has been volatile for investors borders on understatement. The first quarter saw the CBOE Volatility Index spike. Stocks churned in Q2 as the Federal Reserve raised rates again and signaled continued tightening to come. And the third quarter is off to a choppy start, thanks

  3. Investing - Hedge funds circle around debt-binge firms, Hedge funds pin macro hopes more on U.S. yield[more]

    Hedge funds circle around debt-binge firms From Bloomberg.com: Hedge funds and private equity firms are positioning to profit from the collapse of companies in Europe that have binged on debt. Investors have built up their distressed debt businesses by the most in at least two years in t

  4. Funds of hedge funds are opening at a record pace in China[more]

    From Bloomberg: An investment offering that most of the world has shunned is suddenly all the rage in China, and money managers from UBS Group AG to SkyBridge Capital are moving to grab a slice of the bounty. Funds of hedge funds, which allocate client money across multiple managers, are opening

  5. Preqin: Hedge funds take a dip in June[more]

    From AI-CIO.com: Hedge funds tripped again in June, recording the asset class' third negative month, as gauged by the 2018 Preqin All-Strategies Hedge Fund benchmark. June saw a 0.5% loss for the benchmark, giving the standard its worst start to a year in more than a decade. That benchmark is barely