Introducing your CMX 2025 Speakers…

Frans, serving as the Head of Trading at PGGM, oversees a diverse trading desk encompassing Equities (EQ), Fixed Income (FI), and Currency markets. Currently managing a team comprising of 3 EQ traders, 3 FI traders, and 2 FX traders, he is in the process of expanding the team to 10 traders through a talent program for graduate traders. Looking ahead, Frans envisions a future where automation plays a more significant role, expecting a reduction in the need for traders over the next 5 years. Inspired by the Bloomberg (BBG) model, he acknowledges the advanced state of automation and data in Equities compared to other asset classes. Frans plans to prioritise automation in Equities, followed by Fixed Income and currencies, recognising the need to catch up, especially when compared to hedge funds.

Frans de Wit

Head of Trading, PGGM Investments

Joe Bellman, currently serving as the Head of Dealing at Arbuthnot Latham, began his journey with the firm in 2014 as a dealer and later rose to the position of dealing manager. Arbuthnot Latham is renowned for providing comprehensive financial services, including private banking, commercial banking, and wealth management solutions to its esteemed clientele. Joe’s expertise spans across multiple asset classes, including Equity ETFs, Fixed Income (FI), and FX derivatives. Notably, Arbuthnot Latham boasts a robust presence in the ETF space, covering both Fixed Income and Equity ETFs, under Joe’s leadership.

Joe Bellman

Dealing Manager, Arbuthnot Latham & Co

Mohammad Sohail

Head of Trading, Sarasin & Partners LLP

Matthew Coupe was formally global head of cross asset market structure, based in London. He advises on the future market structure, forms the advocacy position of the markets division on areas of market structure, and engages with politicians, trade associations, regulatory bodies Sell side, Buy side, Trading Venues and Vendors. Further to this he develops explanatory and thought leadership pieces around Market Structure. He has previously sat on the FCA’s Secondary Markets Advisory Committee, the CFTC’s Global Market Structure sub-committee, the FMSB’s board and currently co-chairs the Fix Trading Community for the EMEA region. A regulatory and trading specialist across multiple asset classes, particularly when looking market micro structure evolution across all asset classes, and the evolution of the trading ecosystem.

Matthew Coupe

EMEA Co-Chair, FIX Trading Community

Sven Rudolf

Head of Trading, ODDO BHF Asset Management

Cathy Gibson is the Global Head of Trading at Ninety One, where she leads the charge in future-proofing the firm’s trading capabilities. Her vision extends beyond technology and innovation, encompassing a critical focus on cultivating a highly skilled and adaptable trading team. With Ninety One’s strong emphasis on emerging markets, Cathy fosters a unique blend of expertise within her team, combining technological prowess, analytical acumen, quantitative skills, and strong relationship management to provide comprehensive support to their global investment teams. Cathy is passionate about building a dynamic trading function that thrives in today’s evolving investment landscape.

Cathy Gibson

Global Head of Trading, Ninety One

Christopher Hughes is a Senior Equity Trader at Royal London Asset Management (RLAM), where he has been trading equities since 2004. Hughes has witnessed the evolution of the trading desk firsthand, having joined in 2004 when it was a two-person operation. He emphasizes the importance of in-house data capabilities to gain an edge in the current trading environment and is actively involved in building pre-trade analysis tools and market impact models to reduce reliance on broker-provided data. Hughes is a proponent of bilateral trading, engaging indirectly with liquidity providers via anonymous streams of liquidity.. He views this approach as additive to traditional broking methods, with the belief that the rise of electronic liquidity providers has significantly changed the liquidity dynamics in the market.

Christopher Hughes

Senior Equity Trader, Royal London Asset Management

Your CMX Host

David is a versatile technology reporter, presenter, and consumer advocate, contributing to TV, print, and online platforms. His expertise spans cyber security, online safety, scams, mobile technology, telecoms, and enterprise tech. David’s career originated in the tech industry, where he led IT transformation projects for major companies like IBM, Reuters, and Dell. Over the past decade, he’s been the resident technology expert for BBC Rip Off Britain and has exposed cyber scams on programs such as Watchdog, Crimewatch, Morning Live, The One Show, and discussed the impact of technologies on our lives for Channel 4’s Steph’s Packed Lunch.

David McClelland

Technology Reporter, Presenter and Consumer Champion, Former BBC Presenter and Transformation Lead in Financial Services, Media and Telecoms

Neil Palan

Multi-Asset Dealer, Sarasin and Partners

Paul Ferrier

Head of Fixed Income and FX Trading, GAM

Joseph, an experienced trader at BBH, specialises in constructing a comprehensive understanding of liquidity provider prices and their reliability. Joseph employs a circular approach, utilising this data to inform trading strategies by feeding it into the trading engine before executing trades. Join him at the conference as he shares insights on this dynamic process and its implications for successful trading.

Joseph Forde

FX Trader, BBH

Eric Murphy

Multi-Asset Trader, Irish Life Investment Management

Ash Sharma is the Trading Analytics Manager at Aviva Investors, where he has worked since 2022 covering multi-asset TCA analytics across various asset classes, including equities, fixed income, FX, and derivatives. Sharma specialises in multi-asset data and analytics, particularly in identifying the most impactful technologies in the field, such as the use of APIs and enhanced high touch crossing offerings. Sharma’s expertise lies in the evolution of Transaction Cost Analysis (TCA), leveraging APIs for seamless access to TCA measurements, market data, and vendor models. He emphasizes the importance of traders and analytics teams adapting to the evolving landscape of TCA, including scrutiny of venue performance and an understanding of market conditions.

Ash Sharma

Global Trading Analytics Manager, Aviva Investors

Christian Ritzmann is Head of Trading Money Market and FX at the Swiss National Bank. Responsible for FX intervention, he oversees CHF 850 billion in global reserves, managed using similar tools to asset managers. Actively involved with the Global FX Code, he closely monitors FX swap electronification, particularly P2P platforms and FX option market development. While less active in NDFs, he focuses on onshore deliverable trades in emerging markets and shares interest in managing regulatory and liquidity challenges. The SNB uses aggregated bank pricing for algorithmic trading and direct ECN access. Mr. Ritzmann engages with asset managers and institutional investors, sharing insights on market developments and infrastructure, while collaborating with central banks via global committees.

Christian Ritzmann

Head of Trading Money Market and FX, Swiss National Bank

Nic is a Senior Multi-Asset Trader whose responsibilities extend beyond execution to encompass management, technology integration, AI adoption, and team building. He focuses on driving innovation and ensuring his team remains at the forefront of market developments. While acknowledging the market’s gradual evolution, Nic’s focus areas include liquidity, algorithmic strategies, and AI integration. His team currently utilizes AI tools to streamline workflows, particularly data analysis and communication, leveraging APIs and Microsoft Core tools to automate tasks and improve efficiency. Nic is keen to explore the further development of AI in trading strategies, especially execution, and is particularly interested in practical applications of NLP within trading workflows.

Nicolas Bader

Liquid Strategies Group- Senior Multi Asset Trader, GIC

Christie Goncalves, currently serving as Assistant Portfolio Manager at Rathbones Asset Management, brings a wealth of experience from her previous roles as a Portfolio Manager and Trader at Vanguard. At Rathbones, she plays a pivotal role with a heavy focus on portfolio management, working across all four funds managed by the firm. Notably, Christie now works as part of Rathbones’ newly established Greenbank Sustainable Bond Fund. In terms of dealing and execution, Christie collaborates with Northern Trust and their outsourced offering. Her dedication to ensuring high standards of execution is evident through her close working relationship with Northern Trust, actively working to guarantee the optimal execution of trades.

Christie Goncalves

Assistant Portfolio Manager, Rathbones Asset Management

Callum McPherson serves as the Head of Dealing at Evenlode Investment, where he actively participates in managing the trading desk while ensuring close collaboration with the investment team. This integrated approach fosters a cohesive environment where insights from trading are seamlessly integrated into investment decisions, eliminating silos within the firm. Callum has been exploring new TCA tools for pre-trade analysis which can offer a flexible TCA approach, which can ultimately lead to more efficient liquidity sourcing and better execution.

Callum McPherson

Head of Dealing, Evenlode Investment

With over 25 years of experience in capital markets, Rebecca Healey founded Redlap Consulting Ltd in 2020 and launched MindfulMarkets.AI to guide market participants through the shift to AI-driven systems. The mission is to unite industry leaders in developing sustainable, community-led solutions for evolving market practices amidst rapid technological change. Rebecca’s work draws on a decade of collaboration with industry leaders, leveraging their expertise to drive advancements in trading technologies and market structure. Rebecca is a member of the FCA and ESMA Secondary Markets Working Groups and volunteers with FIX as European Co-Chair and ISO, focusing on international standards in Financial Services (TC68) and Climate Change (CCCC).

Rebecca Healey

Senior Global Macro Trader, Janus Henderson

Adrian Hogarth

Senior Global Macro Trader, Janus Henderson

Tim spearheads Fidelity International’s systematic Equity trading strategies, overseeing a comprehensive portfolio that includes ETFs, futures, and options. His expertise lies in streamlining and automating Equity trading processes, emphasising the reduction of manual complexities. Tim’s focus extends to enhancing efficiency through data analysis, pre- and post-trade evaluations, and the implementation of strategic trade automation measures.

Tim Miller

Senior Equity Trader, Fidelity International

Eric Böss is Global Head of Trading at Allianz Global Investors, where he has worked since 1994. He leads the implementation of investment strategies across all asset classes. Throughout 2024, Böss has restructured AllianzGI’s trading function, using his experience to inform his views on the future of trading. This involved evaluating various trading desk structures, as well as how to best align trading operations with investment strategies. Böss has also considered resource allocation, deciding which asset classes require specialist traders and how to generate innovative ideas within resource limitations. These insights have led him to develop decision trees for building an ideal trading desk, balancing technological advancements with human expertise. Böss believes that data handling is crucial to a trading desk’s success and has created a new tech team to harness its potential.

Eric Böss

Global Head of Trading, Allianz Global Investors

Nigell Todd

Global Head of Foreign Exchange Trading, Fidelity International

Sabina Awan was recently a driving force behind Fidelity International’s strategic evolution. As Head of Strategic Initiatives, she spearheaded their efforts to fuel asset growth and optimise operational efficiency, with a particular focus on trading and operations. With a career dedicated to transforming trading functions, Sabina brings deep expertise in system and technology strategy, alongside structural and business change. She is passionate about modernizing trading through the creation of scalable, end-to-end workflows that span asset classes and business functions. Sabina’s insights provide a roadmap for firms seeking to not only future-proof their trading capabilities but also enhance their current operational effectiveness.

Sabina Awan

Head of Strategic Initiatives, Fidelity International

Alvaro Quiros is a Fixed Income ETF Portfolio Manager at Goldman Sachs Asset Management (GSAM), based in London. He leads GSAM’s fixed income ETF portfolio management efforts for the international business, responsible for managing its range of fixed income ETFs outside of the U.S. Quiros will leverage GSAM’s expertise in active fixed income and sustainability. Prior to GSAM, he spent six years at J.P. Morgan, including roles in fixed income ETF portfolio management.

Alvaro Quiros Rubio

Executive Director, Fixed Income ETFs, Goldman Sachs Asset Management

Martin Hendry

Head of Trading, Liontrust Asset Management

Richard Turner is a highly experienced FX trader with over 24 years in the financial markets, currently working as a Senior Trader at Insight Investment. He possesses a deep understanding of transaction cost analysis (TCA) and electronic execution, areas in which he specialises. Turner is an advocate for transparency and best practices in the FX market, actively promoting the FX Global Code principles. His expertise extends across a range of currencies and trading strategies, and he is actively involved in industry initiatives to improve liquidity sourcing and market structure.

Rich Turner

Senior Global Macro Trader, Janus Henderson

Stuart Lawrence is the Head of European Equity Trading at UBS Asset Management, a role he has held since June 2019. His career spans both the buy and sell sides, with experience in various execution strategies, including program and algorithmic trading. Stuart holds the CFA Charter and a Masters with Distinction in Finance and Investment. A key area of interest for Stuart is the evolution of primary markets. He sees the need for a more streamlined and efficient process for both primary and secondary market trading. Stuart is particularly focused on improving the integration of primary market workflows and exploring solutions that can bring greater efficiency and transparency to the process. He believes that collaboration between buy-side firms, vendors, and exchanges is essential to drive progress in this area.

Stuart Lawrence

Head of UK Equity Trading, UBS Asset Management

Raphael Stern serves as the Global Head of Fixed Income Portfolio Management for ETFs and Index Strategies at Invesco. With responsibility for overseeing Invesco’s global Fixed Income portfolio management team, Raphael manages approximately $45 billion across 80 indexed Fixed Income strategies. He joined Invesco in 2017, bringing with him a wealth of experience from his previous roles. Before joining Invesco, Raphael held positions as a senior fixed income ETF portfolio manager at DWS and as a Fixed Income portfolio manager and trader at Vanguard in London. Prior to his time in London, Raphael worked as an analyst at Lehman Brothers and Goldman Sachs in New York. His extensive background in Fixed Income management and trading positions him as a key figure in Invesco’s ETF and indexed strategies division.

Raphael Stern

Global Head of Fixed Income Portfolio Management, ETFs and Index Strategies, Invesco

Allan Guild

Senior Global Macro Trader, Janus Henderson

Stuart Campbell is Managing Director, Head of Fixed Income Trading at Bluebay Asset Management, where he has steadily risen through the ranks since joining as a trader in 2014. Now leading the dealing desk, Stuart champions a forward-thinking approach to fixed income trading. He and his team are actively exploring alternative execution protocols beyond traditional RFQ, with a particular focus on portfolio trading. By partnering with innovative providers, Stuart has successfully leveraged portfolio trading to enhance liquidity access and develop a robust approach to portfolio management. His commitment to exploring new trading techniques underscores his dedication to achieving optimal execution and performance.

Stuart Campbell

Head of Trading, Bluebay Asset Management

Sam Knight heads Fidelity International’s global electronic trading division, spearheading the development and implementation of advanced electronic trading strategies across all asset classes. A seasoned expert in market microstructure and trading technology, Sam champions innovation to optimize execution performance and efficiency. His leadership has driven significant advancements, including a 15% reduction in latency and the successful integration of AI-powered tools to enhance trading decisions. Sam is passionate about navigating the complexities of electronic markets to ensure Fidelity International remains at the forefront of trading innovation, leveraging data and technology to deliver optimal results for clients.

Sam Knight

Director of Global eTrading, Fidelity International

Dermot Dunphy

Deputy Head of Equities Dealing Desk, M&G