State Street’s insto sales, trading head exits
There’s movement on State Street’s institutional equities desk. Sydney-based David Hunter, who headed sales and trading for State Street Global Markets’ local institutional equities desk, has left after 12 years.
Hunter was well-known in the market, handling trades on behalf of major superannuation funds, fund managers and exchange-traded funds managers. He also worked on transition portfolios, which is when institutional investors wind down fund manager mandates or rebalance their holdings.
David Hunter has left State Street.
He is said to have worked for Perpetual, Tanarra Capital and Aware Super over the years, among other big-ticket clients. It was not known where he is headed next. A State Street spokesperson declined to comment when contacted.
The division he sat in, Global Markets, is State Street’s securities business, offering research, financing, portfolio services and trading and securities lending services for equities, fixed income, FX and derivatives.
His departure comes as equity sales and trading desks see changes across the street. Credit Suisse’s star trader, Eugene Budovsky, signed with Barrenjoey in April, ahead of his former employer’s forced sale to UBS. Jefferies has hired heavily for its broader Australian equities business, including Mike Johnson as its head of ECM syndicate, and Jessica Toomey and Sam Speer as sales traders.
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