Kepler Cheuvreux, UBS Asset Management and Pictet join Plato Partnership
Plato Partnership, the not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, today announced three new Founding Members: Kepler Cheuvreux on the sell-side through its Execution activity, called KCX, and UBS Asset Management and Pictet Asset Management on the buy-side.
As three of the leading financial institutions in Europe, their participation in the Partnership marks a milestone in Plato’s mission to bring greater efficiency and innovation to all areas of the European equity marketplace.
As members of Plato, all three companies will participate in setting the Partnership’s agenda to deliver creative solutions and efficiencies to today’s complex equity marketplace to improve market structure for the benefit of all market participants.
Chris McConville, Global Head of Execution Services and Trading at Kepler Cheuvreux said: “Since our inception, Kepler Cheuvreux has been built on research and partnerships as its foundations. We already generate vast volumes of industry-leading equities research and hold global research partnerships with Piper Sandler in the US and Macquarie in Asia-Pacific. Plato Partnership’s commitment to a strong academic base while fostering open communication and dialogue between all parts of the marketplace are vital for the health of all financial services, and we are excited to start contributing to this mission.”
Lynn Challenger, Global Head of Trading & Order Generation and Managing Director at UBS Asset Management: “The work done by Plato Partnership is a cornerstone of improving the marketplace. We are committed to sustainable outcomes with the aim of driving long-term performance and positive impact beyond returns. Our values align closely with that of Plato, and we are delighted to be a part of the Partnership as we pursue our shared goal of securing the future of financial markets.”
Edward Atkins, Global Head of Equities Trading at Pictet Asset Management said: “Pictet Asset Management have a robust and progressive approach to providing Best Execution on behalf of our clients. Plato Partnership provides an opportunity to collaborate with our peers and contribute to making the marketplace better for all participants.”
Mike Bellaro, CEO of Plato Partnership said: “We are delighted to welcome these three leading financial institutions into the Plato fold. Their experience and expertise in the European equities marketplace will prove invaluable as we seek to broaden the scope and scale of the partnership. We face a tough time in all financial markets, and only through better communication between buy-side, sell-side and venues coupled with strong academic research can we find the best solutions to the challenges we face.”
This announcement continues Plato’s momentum in 2022, celebrating the five-year anniversary of Turquoise Plato™ trading facilities earlier this year. Since the start of the relationship in 2016, over €1.3 trillion of equities have been traded on the platform, and the platform set a record in March with the largest average daily value traded of €1.35bn.
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About Plato Partnership
Plato Partnership is a not-for-profit member organisation comprising asset managers and broker-dealers who collaborate to bring creative solutions and efficiencies to today’s complex equity marketplace.
Members of the Plato Partnership include: Allianz Global Investors, Axa Investment Managers, Baillie Gifford, Bank of America Securities, Barclays, BlackRock, Capital Group, Citi, Credit Suisse, DWS Group, Exane BNP Paribas, Fidelity International, Goldman Sachs, Instinet, Invesco, Janus Henderson, Jefferies, JP Morgan, Kepler Cheuvreux, Legal & General Investment Management, Liontrust, MFS International, Morgan Stanley, Norges Bank Investment Management, Pictet Asset Management, RBC, Redburn, Schroders, Societe Generale, T. Rowe Price, UBS, UBS Asset Management, and Union Investment.
About Kepler Cheuvreux
Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution (KCX), Fixed Income and Credit, Structured Solutions, Corporate Finance and Asset Management.
The Group employs around 600 people and is present in 13 major financial centres in Europe and the US: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna, and Zurich.
About UBS Asset Management
UBS Asset Management is a large-scale asset manager with a presence in 23 markets. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world.
About Pictet Asset Management
Pictet Asset Management is a focused multi-boutique asset manager. Our partnership structure gives us the solidity that has enabled us to weather the storms of many decades of investing. We do not aspire to be all things to everyone - we focus on where we can add value through active management. Our expertise is particularly strong in absolute return strategies, thematic equities, emerging markets and multi asset strategies.
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