Former Trading and technology editor

Trading group KCG Holdings has added another ex-UBS executive to its ranks, recruiting a former senior market-making executive who had until now spent his entire career at the Swiss bank, where he worked with KCG's current European chief executive.

Chris Townsend will join KCG on August 3 as a senior quantitative trader in its European market-making business, according to an internal memo sent to staff on Thursday.

Market-making specialist hire swells KCG's ex-UBS ranks

European chief recruits former colleague as electronic trading firm continues to recruit bulge-bracket bank staff

Tim Cave

KCG Holdings

Bats Global Markets

Goldman Sachs

Morgan Stanley

Neil Woodford: I’ll continue fight against FCA’s fund collapse findings

Barings boss Mike Freno on the art of the private markets deal

BlackRock’s Larry Fink on US tariffs: ‘This isn’t Wall Street versus Main Street’

Deutsche Bank hires top Barclays banker Swerling as global head of ECM

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The German lender has hired Barclays’ co-head of equity capital markets to lead its team globally

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

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Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

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The UK lender has given the leading compliance job to a 20-year veteran

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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