Rising stars of Trading & Execution
n THE TRADE HOT 100 Official sponsor, Rising Stars of
Trading & Execution
Tipped as one of the “gifted young minds” in risk and asset allocation
analysis, former sell-sider Cindy Chan
is poised to make a return to the City in
the coming months.
Chan took a career break last year
after six years as head of investment
risk for the Universities Superannuation
Scheme. Her peer nomination is
in recognition of her considerable
knowledge built from her work on both
sides of The Street.
Back in 2002, she worked as a
research analyst for Deutsche Bank
working on the programme trading and
equity derivatives research team – a
role she held for just over two years
before joining Fortis as a senior quant
analysis in 2005.
At USS, she had a huge mandate,
£ 31. 5 billion in assets – one of the UK’s
largest pension schemes. She was also
previously a quant analyst for the Shell
Chan has a Master of Science in
Operational Research from the London
School of Economics and a Master of
Science in Information Processing and
Neural Networks from Kings College. n
Head of derivatives
ROYAL LONDON ASSET MANAGEMENT
As head of derivatives at Royal London Asset Management, Darren Bustin ensured the firm was ahead of the curve
when it came to central clearing.
At the present time, we are still discussing whether the
majority of buy-side firms are ready for the mandatory central
clearing of over-the-counter derivatives. Bustin and Royal London
though were ready way back in Q1 2013, when he featured as the
cover interview for The Trade Derivatives magazine.
Armed with three clearing brokers and ambitions to
connect with multiple clearing houses, Bustin’s department
had ensured readiness in preparation for new rules coming
into force in Europe.
“Taking the first mover approach isn’t always easy
because you have to go through testing phases when people
aren’t as experienced or the regulators as clear, but it does
allow us to concentrate on other aspects of the changes,”
Bustin said to The Trade Derivatives.
“Another advantage of having centrally cleared interest
rate swaps is that we are on the radar of most of the CCPs
and actively engaged in margin methodologies.”
Beginning his career at JP Morgan in convertible bonds,
Bustin then moved to BNP Paribas for a two-year spell as a
trader before moving to Aladdin Capital Management as an
associate director. Bustin then moved to Edinburgh to head
up derivatives solutions at Kames Capital before taking on a
similar role at Royal London.
After four years in a demanding role which has required
Bustin to stay on top of the overhaul of the derivatives
industry, Royal London Asset Management has been able to
stay well on top of new regulations and make sure it has been
meeting new requirements around clearing and reporting
across the global derivatives markets. n