SMBC Capital Markets, Inc., a member of SMBC Group, today announced the appointment of Gareth Hughes as Head of Trading. Gareth will be based in New York.
In his new role, Gareth will lead SMBC’s derivatives and macro rates trading business, focusing on improving the firm’s trading capabilities to better meet the needs of a growing institutional client base. He will also partner with the SMBC Nikko Securities America, Inc. credit sales and trading team to align secondary market priorities and enhance SMBC’s value to clients in the primary markets.

Gareth reports to Yunson Du, Senior Deputy President of SMBC Capital Markets, Inc. and Deputy Head of Americas Division Sales & Trading, who said: “We

SMBC Capital Markets, Inc., a member of SMBC Group, today announced the appointment of Gareth Hughes as Head of Trading. Gareth will be based in New York.
In his new role, Gareth will lead SMBC’s derivatives and macro rates trading business, focusing on improving the firm’s trading capabilities to better meet the needs of a growing institutional client base. He will also partner with the SMBC Nikko Securities America, Inc. credit sales and trading team to align secondary market priorities and enhance SMBC’s value to clients in the primary markets.
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Gareth reports to Yunson Du, Senior Deputy President of SMBC Capital Markets, Inc. and Deputy Head of Americas Division Sales & Trading, who said: “We are pleased to have Gareth join SMBC, and we’re looking forward to continued growth in derivatives and macro rates trading. He brings deep experience to lead a team that provides best-in-class product and service offerings to our institutional clients.”
Gareth joins SMBC from UBS, where he managed the linear rates trading business. Prior to that, he served at Société Générale as Head of Fixed Income and Currencies (FIC) in the Americas, overseeing Sales & Trading and formulating the bank’s annual FIC business plan.
Gareth will work closely with Christian Stauder, Head of Macro Rates Sales, who also joined SMBC from Société Générale in August of last year.
About SMBC Group
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges. As of December 31, 2022, its total assets were $1.99 trillion.
In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.

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SMBC Capital Markets Appoints Gareth Hughes Head of Trading

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SMBC Capital Markets | Gareth Hughes | Head of Trading | Americas

Jason Smith left the firm following its acquisition by Janus Hendeson Tabula Investment Management has appointed Rhys Petheram as its new CIO following the departure of Jason Smith. He replaces Smith who was at Tabula for over five years and who played a "key" role in expanding the groups ETF portfolio and facilitating its recent acquisition by Janus Henderson. Petheram joins from Jupiter Asset Management where he was most recently head of environmental investment solutions. He was also fund manager for fixed income and multi-asset having spent 17 years at the firm. In addition, the group hired Adam Glen-Bott to its investment team. He was previously a quantitative researcher and portfolio manager at UBS, joining from Source ETF - now Invesco - as an ETF specialist. Commenting on the appointments, Michael John Lytle, CEO of Tabula, said: "Rhys and Adam join us at perfect time, bringing extensive experience in active fund management, ESG investing and quantitative index portfolio management. "The European ETF market has been experiencing robust growth and rapid evolution for years. The role of active management in shaping the industry is a new challenge - how to evolve in a way that simplifies and enhances the investments available to investors." Petheram added: "With one of the most experienced ETF teams in Europe and the backing of Janus Henderson, we are well-positioned to capitalise on our strong position and accelerate our growth by continuing to offer market leading passive ETFs, while also expanding into active strategies." Tabula Investment Management was acquired by Janus Henderson in May, marking the firms entry into European ETFs. The acquisition meant Janus Henderson is set to launch a suite of active ETFs in Europe while retaining Tabulas fixed income range.

Tabula Investment Management Welcomes New Cio Rhys Petheram

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Adam is an Independent Consultant at Adam GB Consulting, a position he has held since 2024. Prior to this, he worked at UBS from 2016 to 2023, where he served as Associate Portfolio Manager, Associate Director, Portfolio Manager, Director, and Quantitative Researcher. Before his time at UBS, Adam was at Source ETF from 2012 to 2016, holding roles as Director of Investment Management, Associate of Investment Management, and Analyst of Investment Management.

He earned an MSc in Mathematics from UCL, completing his studies from 2008 to 2012.

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- Josh is currently the Managing Director-Wealth Management at UBS, a position he has held since July 2024.
- Prior to UBS, he served as a Wealth Management Advisor and Managing Director at Merrill Lynch Wealth Management from June 2009 to July 2024.
- He was a Vice President in Investments at UBS from February 2005 to June 2009.
- Before joining UBS, he worked in Wealth Management at Credit Suisse First Boston from January 2003 to February 2005.
- Joshs earlier experience includes roles at Donaldson, Lufkin & Jenrette from August 1999 to January 2003.
- He earned a Masters Degree from Columbia University from 1997 to 1999 and a Bachelors Degree from Pepperdine University from 1991 to 1995.

Managing Director, Technology Investment Banking

- Alejandro, a Managing Director at Barclays Corporate & Investment Bank, was promoted in December 2021.
- With 13 years at Barclays, he has held various roles including Director, Vice President, Associate, and Summer Associate in Technology and M&A Investment Banking.
- At Lehman Brothers from 2006 to 2008, he worked as an Analyst and Senior Analyst in Investment Banking.
- He earned an MBA in Finance and Strategy from Yale School of Management in 2009-2011.
- In 2002-2006, he graduated from the University of Virginia with a BS in Commerce, specializing in Finance and Math with Distinction.

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SMBC Capital Markets | Gareth Hughes | Head of Trading | Americas

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