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Manager Front Office

Location:
Toronto, ON, Canada
Posted:
November 27, 2019

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Resume:

ALI A. SALAHUDDIN adax08@r.postjobfree.com; +1-416-***-****

PROFILE

Senior capital markets and investment management executive with 23 years' experience in equities / equity derivatives & hedge fund / alternative investments. I possess world-class expertise in trading / investment products, risks, clients and models/systems.

• I build and grow profitable trading / investment management businesses. Have built three such businesses in the last 13 years.

• I have a reputation as an inspirational leader & manager, experienced in hiring, retaining and engaging top class talent and teams.

• I am known for being a clear communicator, keen collaborator & effective consensus builder, with an unparalleled work ethic. WORK EXPERIENCE

• Manulife / John Hancock Investment Management (3.75 years, Toronto) Senior Managing Director, Senior Portfolio Manager, Absolute Return, Toronto, ON Mar. 2015 - Nov. 2018 Lead Portfolio Manager for flagship global (DM and EM) multi-asset, multi-strategy absolute return fund. The fund targets ‘Cash+5%’ returns with low volatility. Wrote successful business plan, obtained $200 MM capital from General Account, hired and managed entire investment team & process. Since inception (Jun. 2016 – Sep. 2018), generated Sharpe Ratio > 1.5, beating major competitors.

• Royal Bank of Canada Capital Markets (5.25 years, Toronto) Managing Director and Head, Global Equity-Linked Products, Toronto, ON Sep. 2009 - Nov. 2014 Responsible globally for all front office areas of EQD business (incl. Delta-1 and Convertibles), including trading, sales, structuring, modelling and technology (staff in Toronto, NY, London, HK and Tokyo). Grew a business with 55 FTE, zero revenue and -$50 MM net income in 2009 to 110 FTE, $350 MM revenue and $110 MM net income in 2014. Grew number of active clients from 50 to 400. Reorganised trading books, deployed state-of-the-art model library and front office risk management system. Streamlined daily sales and trading workflow. Optimized business income statement and balance sheet, including revenues, direct / indirect costs and variable compensation. Optimized reserves, funding, liquidity, collateral, GAA, RWA, capital, net income, ROE and economic profit. Achieved 22% ROE. Member of Global Equities Management Committee. Served on Canadian Recruitment & Diversity committees.

• Bank of Nova Scotia Global Banking & Markets (3 years, Toronto) Managing Director and Global Head, Equity Derivatives, Toronto, ON Oct. 2006 - Sep. 2009 Responsible for all aspects of EQD business, including trading, sales, modelling and technology. Set up entire business, including hiring traders and salespeople, getting risk limits approved, building models/systems and on-boarding clients. Built business of

$400M overall revenue, starting from zero in 2007, including $300M in tax trades, 25 FTE and $100M Sales and Trading revenue.

• Merrill Lynch, (5 years, London and New York)

Director, Equity Derivatives Trading, London, England Nov. 2002 - Oct. 2006 Co-Head of structured equity derivatives trading desk. Responsible for all correlation and exotic trades on indices and stocks. Developed market-leading approach to enable market-making on correlation. Employed delta, vega and correlation-based proprietary strategies. Led creation of new customized optionable underlyings, systems development and recruiting. Produced stable, growing results in YTD P/L (USD) from 2003 to 2006: $15M (2003), $70M (2004), $70M (2005), $105M (2006). Associate, Equity Derivatives Trading, New York, New York Jul. 1996 - Sep. 1997 Book runner for RTY and MID books, co-book runner for SPX/OEX/DJIA books. Exceeded P/L budget of $9M in both years.

• Citigroup (5 years, London)

Director, Equity Derivatives Trading, London, England Oct. 1997 - Sep. 2002 Senior world book trader on structured equity derivatives desk (Mar. ’99 - Oct. ’02). Responsible for trading all correlation-based options on stock baskets. YTD P/L (USD): $9M (1999), $18M (2000), $36M (2001), $10M (2002). Senior trader on the European index flow derivatives desk (Oct. ’97 - Mar. 99). YTD P/L (USD) $3M (1998). EDUCATION & OTHER

MBA, Finance, Rotman School of Business, University of Toronto, Toronto, ON. Class Rank: 1/120 1996 M.Sc., Mathematics, University of Toronto, Toronto, ON. Class Rank: 1/25 1994 B. A., Mathematics (Economics & Physics Minors), Franklin and Marshall College, Lancaster, PA. Class Rank: 2/399 1993 Chartered Investment Manager (CIM) Designation & Directors Education Program ICD.D Designation: 2016 - Present Branksome Hall Board of Governors: Governor for globally prominent leading independent school for girls. Sep. 2012 - Present Venbridge Advisory Board: Advisory Board member for technology industry-focussed lending start-up. Jun. 2018 - Present Governor General’s Canadian Leadership Conference: Conference for emerging leaders. Part of the Nova Scotia study tour. 2012 Scholarships: Received numerous merit-based full academic scholarships for all post-secondary education. 1989 - 1996 Personal Interests: Travelling (59 countries on 6 continents), fitness, scuba-diving and cricket.



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