The TRADE 58 | Page 10

PEOPLE MOVES NEWS UPDATE EUROPE Schroders has appointed its new head of equities as Nicky Richards prepares to step down from the leadership position after four years to take on an ad- visory role. The asset manager confirmed that Rory Bateman will take on the role as of March next year, while Richards, who previously managed the £173 billion business, becomes a senior advisor. Bateman has been head of the UK and Europe- an equities team since 2013 and was formerly a co-manager of the SISF European large cap fund at Schroders, which currently manages more than €45 billion on behalf of clients. BlackRock has promoted one its senior managing directors, Geraldine Buckingham, to lead its busi- ness in Asia Pacific. Currently global head of corporate strategy, Buck- ingham has been appointed head of BlackRock Asia Pacific and will relocate to Hong Kong as she takes up the new position in February next year. She first joined BlackRock in 2014 from McKinsey & Compa- ny’s financial services practice in New York, where she primarily worked with large asset managers on strategy and organisation. Janus Henderson has appointed Michael Ho as its new global head of multi-asset and alternatives from UBS Asset Management. The former chief investment officer of investment solutions at UBS Asset Management in London will join the firm on 14 January 2019, with responsibil- ity for Janus Henderson’s global asset allocation, multi-strategy and alternatives teams. His appoint- ment is part of Janus Henderson’s push to increase its multi-asset and alternatives activities, according to the firm. Nomura-owned Instinet has appointed former Goldman Sachs managing director, Ralston Rob- erts, as its new CEO. Roberts succeeds Jonathon Kellner, who stepped down from the helm of Insti- net to join crypto-exchange, Coinbase. Having joined Goldman Sachs in 2015, Roberts was managing director and co-head of execution services for the investment bank. He held previous roles with Sungard and Wells Fargo. 10 // TheTrade // Winter 2018 ESMA welcomes no-deal Brexit central clearing equivalence plans T he European Securities and Markets Authority (ESMA) has welcomed a recent communication from the Euro- pean Commission which outlines plans for central clearing in the case of a no-deal Brexit scenario. In early November the European Commission said that it will adopt a temporary and conditional equivalence decision in order to ensure that there will be no disruption to central clearing in Europe. The Commission stressed that the contingency mea- sures will be temporary in nature and should, in principle, not go beyond the end of 2019. ESMA added that it is now working with the European Commission to plan preparatory actions for the recog- nition of UK central counterparty clearinghouses (CCPs) in the case where there is a no-deal ahead of the UK’s departure from the European Union on 30 March 2019. “The aim is to ensure continued access to UK CCPs for EU clearing members and trading venues as of 30 March 2019, should all the conditions in EMIR, including any con- ditions set out in the equivalence decision, be fulfilled,” ESMA stated.