The opportunities are many and various. If you left Deutsche Bank in the great equities purge of July 2019, you don't just have Wells Fargo sniffing at your tail. There is also Instinet. - Or there should be, given the presence of several former DB executives there.
Heidi Fischer, Deutsche Bank's ex-head of electronic equities trading in the Americas and ex-co-head of Americas cash execution has recently arrived at Instinet as we predicted she would when she left DB in May. Fischer is a managing director at the agency brokerage firm according to her LinkedIn profile.
Fischer isn't Instinet's only ex-DB hire. Deutsche Bank's former U.S. staff say the firm has recruited people who were cut from DB in the past. - Greg Treacy, for example, left Deutsche in April 2017 and joined Instinet as the New York-based head of international sales five months later in September. Ryan Talbot, an equities strat, left DB in May 2017 and arrived at Instinet in June.
In London, there's also Tom Medland, an ex-DB algo trader who appeared at Instinet in November 2018 as a quant analyst.
Nomura owns Instinet. When the Japanese bank cut its European equities staff in 2016, Instinet was excluded. However, there have been some notable departures from Instinet's New York bench in recent months, including Greg Rooney, a senior equity sales trader who has yet to find a new role. According to the most recently available report for Instinet Europe (for the year ending March 2018) the company has been shrinking not growing: there were 54 staff, compared to 59 a year earlier.
Fischer was one of the most senior women in the DB equities business. Insider say she was a popular if polarizing figure who wisely got out when she saw the writing on the wall.
Have a confidential story, tip, or comment you’d like to share? Contact: email@example.com in the first instance. Whatsapp/Signal/Telegram also available.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)