Exane expands US securities lending service
27 November 2019 New York
Image: Shutterstock
Exane, an investment firm focused on cash equities, derivatives and asset management, is seeking to “elevate” its US securities lending, Delta One and collateral management business with three new hires.
In a statement on the expansion, Exane said it intends to become “a truly full-service derivatives shop” that will also focus on portfolio trading and volatility desks at sell-side institutions, as well as acting as a “significant asset” for liquidity seeking market makers and asset managers globally.
Amarbir Jawanda and Matt Koren join this week from prime broker Forte Securities.
Jawanda spent just under 20 years building equity derivatives businesses at several sell side firms including Credit Lyonnais, HSBC and RBC before joining Forte in 2018.
Meanwhile, Koren spent seven years between Citi and Jefferies developing top-tier Delta One exchange-traded fund swaps and index/financing arbitrage business before joining Forte in 2019.
The third new team member, who has not yet been named, will join in early 2020 from a competitor to Exane, once their non-compete period has ended.
All three will be based in New York.
Prior to these hires, Exane said it primarily focused its attention in New York on a number of niche businesses which were largely reverse conversions and single stock volume.
Exane expanded internationally in order to be as ‘close to clients as possible’, with Paris and London as its main offices.
In a statement on the expansion, Exane said it intends to become “a truly full-service derivatives shop” that will also focus on portfolio trading and volatility desks at sell-side institutions, as well as acting as a “significant asset” for liquidity seeking market makers and asset managers globally.
Amarbir Jawanda and Matt Koren join this week from prime broker Forte Securities.
Jawanda spent just under 20 years building equity derivatives businesses at several sell side firms including Credit Lyonnais, HSBC and RBC before joining Forte in 2018.
Meanwhile, Koren spent seven years between Citi and Jefferies developing top-tier Delta One exchange-traded fund swaps and index/financing arbitrage business before joining Forte in 2019.
The third new team member, who has not yet been named, will join in early 2020 from a competitor to Exane, once their non-compete period has ended.
All three will be based in New York.
Prior to these hires, Exane said it primarily focused its attention in New York on a number of niche businesses which were largely reverse conversions and single stock volume.
Exane expanded internationally in order to be as ‘close to clients as possible’, with Paris and London as its main offices.
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