Barclays Hires Rates Trader Graham Bates and Nomura Trader Mark Wade
1 report, 1 independent
Updated Mon 00:00
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What happened
Barclays recently hired Graham Bates, a rates trader previously at Capula, and Mark Wade, a STIR trader from Nomura. Bates is thought to be head of euro swaps trading at Barclays and will work alongside Tanya Kohli and Puni Raja. Barclays is also accumulating traders from hedge funds, including rehiring Julien Ercole from Point72.
Why it matters
The hiring activity comes as Barclays' CEO C.S. Venkatakrishnan described the third quarter as 'disappointing' and 'feeble.' The bank appears to be increasing its specialized trading staff to address current market conditions and improve performance.