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Ex-Deutsche Bank interest rate staffers Paul Swaddling and David Martins da Silva have launched Prism Financial Products, a buyside brokerage. Christopher Rokos, the ex-co-founder of Brevan Howard, is also involved in the launch, according to a U.K. Companies House filing. Swaddling declined to comment, only to confirm the firm acts as a brokerage and offers additional services such as quantitative research to financial services participants. Martins da Silva did not respond to an email seeking comment and Rokos could not be reached.
Swaddling left Deutsche Bank in March, where he was head of hedge fund sales for rates. Prior to Deutsche Bank, he worked at BNP Paribas, HSBC and Credit Suisse in similar roles. Martins da Silva left Deutsche Bank last year, where he was head of European rates sales. He previously worked in similar roles at BNP Paribas and Bear Stearns. According to news reports, Rokos launched a family office earlier this year after leaving Brevan. Prior to co-founding the hedge fund, he worked at Credit Suisse First Boston and Goldman Sachs.
The firm’s other staffers include ex-UBS rates saleswoman Avani Kikani, as well as ex-Deutsche Bank fixed income staffers Edward Taylor and Giuseppe D’Alessandro. Debby Dailey-Davies has joined Prism FP as business manager from BGC Partners, while Robert Hardy has joined the firm as head of quantitative research from VTB Capital.
According to the U.K. Financial Conduct Authority register, the firm has launched under the Forte Securities umbrella, the latest boutique to do so. One other recent launch under Forte was StoneHedge Partners from Makram Fares, the ex-co-head of European equity sales and equity derivatives at Nomura.