Russell Penn has spent his 15 years in the financial markets working within trading for
Beginning his career at AXA Investment
Management, Penn traded equities, FX and
derivatives across global markets for six years,
before moving to JO Hambro Capital Management.
At JO Hambro, Penn operated as head of
trading, leading a team trading equities and
derivatives in all major markets for both hedge and
long only funds at the boutique asset manager.
Following a three-year spell, he then
undertook a PGCE teaching qualification at the
University of Worchester before moving back
into trading by joining Aviva.
Penn worked as an equity dealer at Aviva
Investors for nearly three years before joining
Newton Investment management as a dealer. n
Head of equities and derivatives trading
EFG BANK AG
Geneva-based Alex Neil is one of the most widely-recognised
figures on this year’s rising stars list,
according to a recent poll by Extel.
A Finance graduate with French,
Neil has worked in Paris, London
and now Geneva.
Neil – who is still in his early
thirties – sits on a committee of
Geneva-based heads of equity
trading which is supervised by a local
body of private banks. He also has
a significant media profile, writing
regularly for digital and trade press.
He has been working with EFG’s
support teams on improving order
functionality and performance over
the past 18 months. Part of this has
included introducing algos to some
users who previously would not have
felt comfortable talking to their end
clients about execution benchmarks.
Neil says this has enabled his
team to spend more time on what
he calls ‘value added services’.
He believes that the buy-side
can move to more ‘cost-effective’
methods of trading and hopes that
his intelligent approach to trading
can be spread to other asset classes.
When asked what he would like
to see more of in the industry, he said
cheap and consistent post-trade data
to judge execution quality. He would
also like to see clearer regulation of
trading by asset class. n
Fixed Income dealer
HENDERSON GLOBAL INVESTORS
Henderson Global Investors has een assets under management
grow steadily over the past two
years, with inflows in the first three
months of 2015 standing at an
impressive £ 3. 6 billion.
The growth plan outlined by
chief executive Andrew Formica has
resulted in a busier trading desk
for the dealers in the business and
Recordon has been flagged as a key
member of the team for his ‘can do’
Recordon works on Henderson’s
fixed income team alongside three
other dealers. He joined Henderson
in November 2002.
He is a management graduate
from Manchester Business School. n
Director and senior portfolio manager
LYXOR ASSET MANAGEMENT
Jean Sayegh has spent almost a decade at
Lyxor Asset Management
and heads up the team
managing € 10 billion worth
of liquidity buffers.
Sayegh’s clients at
Lyxor include mainly large
banks from France, along
with some other smaller
banks in Europe and more
recently gained its first
customer from England.
buffers for these banks,
Sayegh – who speaks four
languages – uses a range
of derivatives instruments
including interest rate
swaps and futures
Sayegh’s role sees him
operate as a fund manager
but also as a trader, and
says his clients use him for
more than just trading.
“Our clients talk to us
for our views, both classic
economic views and our
take on regulatory issues,”
“Smaller banks will
use us because they don’t
have the internal team to
manage liquidity buffers.”
Sayegh began his
career at Societe Generale
Asset Management as a
money market portfolio
manager for almost four
years, where he gained
valuable experience on the
firm’s trading desk.
In February 2006 he
moved to Lyxor as an equity
and fixed income portfolio
physically replicated equity
and fixed income index
funds and ETFs.
Now as a senior portfolio
manager Sayegh uses active
smart beta techniques and
is the principal portfolio
manager of Liability Driven
Investments managed by