Investment management giant Capital Group has joined the not-for-profit trading consortium Plato Partnership as a buyside founding member.
Capital Group, which has $2.1 trn in assets under management, is the latest to join Plato Partnership’s growing list of buyside members as it aims to bring efficiencies to the European equity trading landscape.
Recent additions include Allianz Global Investors, Schroders and T. Rowe Price who joined existing members such as Invesco, Janus Henderson, Legal & General Investment Management, BlackRock, Fidelity Investments, Union Investment, and Baillie Gifford.
“We are excited to be joining the Plato Partnership,” said Simon Steward, head of European equity trading, Capital Group. ” Privately owned investment houses like Capital Group are focused on the long term and we have been impressed with the scope and scale of contribution that the Plato Partnership has made to the European equities market to date and look forward to being an active contributor in the future.”
Mike Bellaro, CEO of Plato Partnership, added, “We are delighted to welcome Capital Group into our organisation. The insights and experience they bring with their buy-side perspectives will no doubt prove incredibly invaluable to the Partnership.”
Separately, Plato Partnership also announced the appointment of Anita Karppi to the executive team. Karppi has over 20 years’ of experience in the global capital markets where she held senior strategic positions at K&K Global Consulting, FlexTrade Systems Inc, Goldman Sachs Asset Management, and Reuters. Her recent work with the Buyside Trading Community which championed senior, heads and global heads of trading globally won her multiple awards and accolades for her dedication and commitment to the community.
Anita Karppi said “I am truly delighted to join the Plato Partnership. Since inception Plato’s goals and values to create a fairer market place have made a significant impact for all market participants and continues to make positive changes in areas that have traditionally seen stagnation. Plato has already gone a long way to bridge the buyside, sell side, exchanges and academic community and I am very excited to be part of their journey”.
Bellaro added, “We are also very excited to welcome Anita to the Partnership. Her proven track record in the markets, credibility and reputation will make her an asset to Plato and will enable Plato to be effectively heard and best represent its members in the increasing crowded equities space.”