BMO: FI ETF NOTES:
So we are ready to trade U.S. ETFs. I would say a V1 of our infrastructure has been done. We're looking to enhance that to a V2 and also get someone who's able to be both.
Like we need a leader down in the U.S. We need someone who can. Because I'm based in Toronto, so I don't have the capacity to be in New York all the time.
So effectively, I need someone who's an extension of myself down there, a senior person. So I would say a director willing to go up to MD if needed.
And we can go as low as a VP, but a senior VP. So a VP that's potentially a director level at some point in the near future.
It's very key that it's someone who's a builder, who's able to run independently for the most part, look at what we currently have in terms of infrastructure, suggest ways to improve, suggest ways to take us to a Tier 1 player in the next two years.
So we're setting our sights to, you know, we want to compete with the BOVs, the Citadels, the Jane Streets, etc.
So someone who's worked on building an ETF slash e-credit business. who's worked on an ETF and in an e-credit capacity, is able to connect, or basically, let's say, is able to work with partners in compliance, partners with onboarding, partners on the bond desk, technology partners, effectively bringing everyone together to get the business to the next level.
and, as well, be able to be the main sort of decision maker, risk taker, et cetera, in the U.S.
Prop or banking: Either or, as long as there's a demonstrated record of building this thing. Demo record, okay.
Systematic: No, not necessarily. Although that would be a positive.
I we need to focus on fixed income. So, very important to be, you know, fixed income, knowledgeable, because we are building an e-credit business.Someone that understands fixed income in an ETF and in an e-credit context.
Hands On: Revenue generating, yeah, revenue generating with P&L targets. So, hitting P&L targets while building the business.
So someone along, someone with that skill set, but for a fixed income context. So Howe would be a great example, yeah. Howe with a fixed income context. So he's built the CRB business, he's revenue generating, he knows it A to Z, he's got experience doing it at other shops.
So basically think of Howe, but for fixed income. That makes sense.
I mean, ideally someone that can do it all, but I know that's, you know, that's a unicorn at this point.
So I would say the ability to explain algo to some, not necessarily be a coder themselves, because, I mean, we are looking for a senior person, and I doubt senior people sit there and code.
