Tourmaline Partners, LLC, the world’s leading outsourced trading solutions firm, announced key new hires in London and Sydney to further strengthen its team of global trading experts. Gareth Pickard has joined as a senior European Equities and Derivatives Trader, based in London, and James Gleeson has joined as a Managing Director focused on business development as well as trading the APAC region, based in Sydney.
As part of Tourmaline’s London team of veteran buy-side traders, Pickard is tasked with delivering best execution of European equities and derivatives to Tourmaline’s global roster of institutional investors and managers of all sizes.
He comes to Tourmaline with more than twenty-five years of experience in financial markets, most recently as European Head of Equity Derivatives at BTIG for ten years. In that role, he serviced a broad client base with innovative idea generation and strategy creation.
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Gleeson comes to Tourmaline with more than twenty-five years of direct pan-Asian trading experience, spanning electronic, high-touch and block trading. As a senior trader, he will trade both equities and listed derivatives while working closely with the management team charged with business development in both developed and emerging Asia. He will also contribute to Tourmaline’s growing business in Europe and the Americas.
In his career, Gleeson’s management responsibilities have included running large trading teams focused on trading on China Connect, Delta One, derivatives and electronic execution. Most recently he was Co-Head of Asian Equities at Vantage Capital Markets, and earlier was Head of Asian Sales Trading for Citigroup based in Hong Kong. A recognized leader in the industry, Gleeson has consistently been ranked in the top 3 for sales trading and execution in Asia by major clients in Asia-Pacific and the US over the past seventeen years.
Commenting on the new hires, Tourmaline CEO Aaron Hantman said: “We’re excited to welcome Gareth and James to Tourmaline as we continue to respond to the demand for independent, unconflicted outsourced trading from the buy side. As our London office celebrates its tenth anniversary and our Sydney office enters its fifth year of operations, their deep expertise in electronic trading is a pivotal addition to our industry-leading offering. With demand increasingly coming from large asset managers, it’s vital that we continue to build our team to bring our clients the best execution and unparalleled service they need to compete and deliver for their own clients.”