The curious technology consultancy that hired Barclays' ex-head of equities
Where Richard Evans goes, you may like to follow. As we noted back in 2012, Evans has had something of a gilded career in electronic equities trading (Citi, Morgan Stanley, Barclays). He's also had a good rest every time he's swapped jobs. The most recent occasion was no different. - But now that Evans is back in the game, he's highlighting an escape route for other electronic trading types who are looking for something new.
After officially leaving Barclays in June 2018, Evans turned up at DXC Technology, a technology services provider, last month. There, he will be the London-based industry manager for banking and capital markets. Evans didn't comment for this article, but he may well be hiring for a new team. There are signs that DXC is growing its capital markets business and Evans is not its only recent hire.
In January, for example, DXC added Jack Beldon as the New York-based head of its banking and capital markets regulatory practice. A former head of global fixed income currencies and commodities (FICC) strategy at Barclays, Beldon spent the past few years working as a capital markets consultant at KPMG and Capco.
In November, DXC added Rajesh Sadhwani as a senior executive in its London capital markets and consulting team. Sadhwani previously spent 13 years on the capital markets team at Accenture.
Most notably, though, DXC hired Aman Kohli as its chief technology officer for banking and capital markets in London. Kohli, who also joined in January, spent five years as the principal architect in the office of the chief technology officer at Citi and was the founder of Citi's innovation lab in Dublin. Most recently, he spent two years as the chief technology officer at Microsoft's financial services and insurance practice.
Evans himself built a reputation as an innovator in electronic trading (although Barclays has talked incessantly about upgrading its electronic trading systems ever since the arrival of Jes Staley as CEO).
The implication is that DXC - which recently agreed to buy Swiss banking service provider Luxoft for $2bn - is building a high-profile team and pursuing growth as banks engage in 'digital transformation' and chase electronic trading revenues post-MiFID II. Watch this space. And watch to see what Evans does next.
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