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People Moves Monday: RBC, UBS, Balyasny Asset Management and more…

Reported by Thetradenews
Oct 2, 2023· 3 min read
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Key Takeaways
  • • RBC recruits two senior Credit Suisse algorithmic trading veterans: James Hilton (former head of EMEA sales for Credit Suisse's Advanced Execution Sales team) and Suzanne Webster (18-year Credit Suisse veteran, pan-European equity cash trader) join RBC's low touch electronic sales and trading team as managing director and director respectively.
  • • UBS appoints Brian Williamson as executive director for outsourced sales solutions: Williamson, with 30 years of industry experience including prior roles at Liquidnet and The Boston Company, joins from Luminex to lead distribution expansion for UBS's trading solutions platform.
  • • Balyasny Asset Management hires Harrison Chesterton as associate director in equity finance trading: Chesterton transitions from Capstone Investment Advisors (where he spent 18 months as VP of portfolio finance and treasury trading) to Balyasny, bringing nearly eight years of prior experience from Barclays Corporate and Investment Bank.
  • • Talent consolidation reflects post-Credit Suisse market restructuring: The appointments underscore ongoing realignment in electronic trading and execution services, with established players consolidating specialized trading talent from distressed and transitioning firms.
Summary
RBC Capital Markets has strengthened its electronic trading capabilities by recruiting two senior algorithmic trading specialists from Credit Suisse. James Hilton, who most recently served as head of EMEA sales for Credit Suisse's Advanced Execution Sales team, has been appointed multi-asset managing director within RBC's low touch electronic sales and trading group. Hilton brings institutional depth to the role, having spent six years at UBS Investment Bank as a director prior to his 2006 move to Credit Suisse. Alongside Hilton, Suzanne Webster has joined RBC as multi-asset director. Webster's 18-year tenure at Credit Suisse encompassed roles as a pan-European equity cash trader and subsequent positions within the bank's AES division, adding substantial execution expertise to RBC's team.

UBS has appointed Brian Williamson as an executive director within its execution hub sales team, tasking him with accelerating distribution efforts for outsourced sales solutions. Williamson, who previously held the position of head of sales at Luminex, brings three decades of trading industry experience, including senior roles at Liquidnet and The Boston Company. In his new capacity, Williamson will focus on expanding UBS's trading solutions platform both through internal and external partnerships, targeting acceleration of the firm's distribution footprint in execution services.

Balyasny Asset Management has appointed Harrison Chesterton as associate director within its equity finance trading division. Chesterton transitions from Capstone Investment Advisors, where he spent approximately 18 months serving as vice president of portfolio finance and treasury trading. Prior to Capstone, Chesterton accumulated nearly eight years of experience at Barclays Corporate and Investment Bank, positioning him to contribute substantive expertise in structured finance and trading operations within Balyasny's multi-strategy framework.

These appointments reflect broader consolidation within electronic trading and execution services markets, as major institutions capitalize on talent availability and competitive repositioning in the post-Credit Suisse environment. The moves underscore sustained demand for specialized execution and sales expertise, particularly in algorithmic trading and outsourced solutions capabilities.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Thetradenews People Moves Monday: RBC, UBS, Balyasny Asset Management and more…