BNY Mellon appointed Michelle Neal (pictured) president of BNY Mellon Markets Group. She was most recently global head of listed derivatives, markets clearing and fixed income market structure with Deutsche Bank. Neal reports to Curtis Arledge, vice chairman of BNY Mellon. She succeeded Kurt Woetzel, who retired.
London Stock Exchange Group named Nikhil Rathi as chief executive officer of London Stock Exchange. Rathi previously was the group’s chief of staff and director of international development. Before joining LSE Group in May 2014, he held several senior roles at the U.K. Treasury. Rathi succeeded Alexander Justham, who announced earlier this year that he intended to leave the company. In addition to serving as CEO of the exchange, he also had group-wide responsibility for regulatory strategy and government affairs. LSE has not yet named a successor for that role.
Citadel Securities hired Brian Oliver (pictured) as European head of institutional sales and relationship management for the firm’s market-making business in fixed income, currencies and commodities. Oliver, who will join Citadel in October, was previously at J.P. Morgan as European head of sales and marketing for the firm’s futures, options and OTC clearing business. He will be based in London and will report to Paul Hamill, global head of FICC.
Paul Davies, managing director, futures services at Goldman Sachs in Singapore, was named chairman of FIA Asia. He succeeded Conor Cunningham.
Euronext appointed Stéphane Boujnah (pictured) as its new chief executive officer. Boujnah, who will start in November, previously worked at Santander Global Banking and Markets where he was head of continental Europe since June 2014. Earlier in his career he was an investment banker at Deutsche Bank and Credit Suisse. He replaces Jos Dijsselhof, currently interim CEO of Euronext.
CME Group named Maureen Guilfoile executive director and associate general counsel, dealing primarily with clearing issues. She previously worked at ABN AMRO Clearing Chicago as managing director and general counsel and before that she was a partner at the law firm of Katten Muchin Rosenman. CME also appointed Udesh Jha as chief risk officer for its London-based clearinghouse, CME Clearing Europe. He replaced Marc Vial. Jha joined CME in 2010 and most recently was executive director of quantitative risk management.
Zar Amrolia, Deutsche Bank’s former co-head of fixed-income, currencies and commodities, left the bank to join XTX Markets, a newly formed electronic trading company based in London. Amrolia will serve as co-CEO at the trading firm alongside Alex Gerko, the company’s current chief executive. XTX Markets was spun off from quantitative hedge fnd GSA Capital in July. It specializes in market-making in foreign exchange markets and is planning to expand into other markets such as listed derivatives.
Gavin Parker was appointed chief operating officer of Sucden Financial and a member of London-based firm’s board of directors. He joined Sucden in early 2007 as director of information systems
Jan Boomaars was named chief executive officer of Optiver Europe. He was most recently a partner at Goldman Sachs. He will take over from Paul Hilgers, global CEO of Optiver Holding, who has been serving as interim CEO for Optiver Europe for the last 12 months. Before joining Optiver, Boomaars was at Goldman Sachs for 21 years, during which time he was involved in setting up its portfolio trading business and expanding the firm’s electronic trading business in EMEA.
ABN Amro named Robbert Booij as country executive for the U.K. and general manager of the bank’s U.K. branch. Booij, who has been in charge of the Dutch bank’s derivatives clearing business in the U.K. since December 2012, will continue in that role alongside his other responsibilities. As country executive, Booij oversees a wide range of business lines, including capital markets, commodities brokerage, corporate banking and invoice financing and asset based lending. Booij also serves on the board of FIA Europe.
Industry veteran Chris Malo (pictured) retired from Sun Trading after handing off his responsibilities as chief financial officer to Michael Deaton, who joined the company in January from ABN AMRO Clearing in Chicago. Malo joined Sun in 2008 after several years in senior management roles at the Chicago Board of Trade. Before that he spent more than two decades at Cargill, where he focused on the company’s futures business.
Former U.K. Conservative Party leader William Hague joined the board of directors of Intercontinental Exchange and ICE Futures Europe and will serve as chairman of ICE Futures Europe in January. Hague served as a member of the U.K. Parliament from 1989 to 2015 and led the Conservative Party from 1997 to 2001. He will succeed Bob Reid, who is retiring at the end of the year.
Deutsche Börse appointed Ashwin Kumar as global head of product development, reporting to Carsten Kengeter, the exchange operator’s chief executive officer. In this newly created role, Kumar will be responsible for researching new products, product enhancements and product redesign and identifying demand from sell-side and buy-side firms. Kumar joined the company from Meru Capital, a hedge fund based in London, where he was a founding partner. Earlier in his career he worked for Bank of America, Commerzbank, Citibank and Credit Suisse. Deutsche Börse also hired Ilan Gotsman as an adviser to help develop ways to increase derivatives volume and open interest and product development at Eurex. Gotsman reports to Carsten Kengeter, the group’s chief executive and Andreas Preuss, deputy chief executive and head of Eurex. Gotsman has more than 15 years in the derivatives industry. He helped establish GH Financials, a clearing broker based in London and he founded Butterfly Investments, an interest rate trading firm in Europe.
Peter Jaeger (pictured) joined Citi as head of futures, clearing and collateral for the Asia-Pacific region. He replaced Conor Cunningham, who left the bank. Jaeger previously worked for Bank of America Merrill Lynch as head of Asia-Pacific futures and options and OTC clearing, based in Tokyo.
Chris Lee (pictured) joined Hong Kong Exchanges and Clearing as senior vice president in the exchange’s global markets division. He was previously global head of market access at ABN AMRO Clearing, based in Hong Kong.
INTL FCStone announced several changes in its executive team. Scott Branch stepped down as president and will retire at the end of 2016. Sean O'Connor, the company’s chief executive officer, will take over his responsibilities as president. The firm also promoted Xuong Nguyen to chief operating officer and Tricia Harrod to chief risk officer. Nguyen has been serving as the head of the company’s FCM division.
Orc, the Scandinavian trading technology vendor, appointed Jesper Alfredsson (pictured) as president of Orc Americas and Oscar Jönsson as vice president for sales at Orc Americas. Alfredsson has worked at Orc since 1998 and most recently served as chief strategy officer and vice president engineering. Jönsson joined the company in 2007 as a trading software analyst and also has held positions as sales engineer and product manager.
Jeromeee Johnson joined Miami International Holdings, the parent company of the MIAX Options Exchange, as executive vice president and head of international market development. He joined the company from BATS Global Markets, where he was vice president, market development. Miami International Holdings also appointed Jonathan Dowd as senior business strategist for its options business. He previously was director of product management at the International Securities Exchange, the U.S. options arm of Eurex.
Charley Cooper (pictured) left State Street to join R3, a financial innovation company based in New York, where he will run business development and marketing. R3 was founded by David Rutter, the former head of electronic broking at ICAP and recently announced a blockchain-related partnership with several banks. Cooper previously was a senior managing director at State Street’s Global Exchange division, which includes its derivatives trading and clearing businesses. Earlier in his career he worked at the Commodity Futures Trading Commission as chief operating officer under CFTC Chairman Reuben Jeffery.
Imogen Dillon Hatcher was named president of Platts, a unit of McGraw Hill Financial. She previously was the president of S&P Capital IQ. Dillon Hatcher succeeded LARRY NEAL, who is retiring.
The National Grain and Feed Association, a Washington-based trade group that represents more than a thousand companies in the U.S. agricultural sector, appointed Bobby Frederick as director of legislative affairs. Frederick has more than 11 years of experience working for members of Congress and most recently was legislative director for Representative Rodney Davis (R-Ill.), a member of the House Agriculture Committee. He succeeded Jared Hill, who left NGFA earlier this year to join Bunge.
Veteran U.S. securities lawyer Brandon Becker (pictured) rejoined the law firm WilmerHale in New York in its broker-dealer practice. He first joined the firm in 1996 and served as co-chair of its broker-dealer compliance and regulation practice, but left in 2009 to serve as executive vice president and chief legal officer for TIAA-CREFF. Becker was at the SEC from 1978 to 1998 and served as the director of the SEC’s division of market regulation.
Phyllis Dietz retired from the Commodity Futures Trading Commission after 16 years at the agency. Dietz most recently served as acting director of the agency’s division of clearing and risk. Jeffrey Bandman, special counsel to CFTC Chairman Tim Massad, was named to succeed Dietz on an acting basis. In addition, the CFTC named Eric Pan as director of the office of international affairs. Pan joined the agency from the SEC, where he was associate director for regulatory policy in the office of international affairs. Pan has a law degree from Harvard and a master’s degree in politics from the University of Edinburgh and joined the SEC in 2011 from the Cardozo School of Law in New York.
Peter Malyshev (pictured) joined Reed Smith as a partner in the firm’s Washington, D.C. office. He will be practicing in the firm’s global energy and natural resources group. He previously worked at the law firm of Latham and Watkins.
The Securities and Exchange Commission named Robert Cohen and Joseph Sansone as co-chiefs of the market abuse unit in the agency’s enforcement division. They have been acting co-chiefs of the unit since the departure last month of Daniel Hawke, the first head of the newly created unit. Cohen led the investigation against the NYSE over the distribution of market feeds and Sansone’s work has covered a range of actions including insider trading cases.
The Federal Energy Regulatory Commission named Max Minzner (pictured) as general counsel. David Morenoff, who had been serving in that role, was appointed deputy general counsel. Minzner was special counsel to FERC chairman Norman Bay when Bay was the director of the agency’s office of enforcement.
IN MEMORIAM
FIA regrets to report that Alan Whiting passed away recently. He spent many years in the U.K. futures industry and held a number of senior roles at the intersection of market regulation and exchange leadership. From 1992 to 1997 he was the head of financial regulation at HM Treasury and played an active role in establishing the Financial Services Authority. In 1997 he was appointed as executive director at the London Metal Exchange to oversee regulation and compliance following the Sumitomo crisis. In 2006 he joined the board of Liffe and in 2012 he was named chairman of the exchange. After ICE acquired NYSE Euronext, he joined the board of ICE Futures Europe and served as chairman of the exchange’s authoriza- tion, rules and conduct committee.
FIA regrets to report that former CFTC economist Jim Moser passed away on July 5. For much of his career he taught finance at universities such as the University of Kentucky, Michigan State University and the University of Maryland at College Park. He also was a research officer and economic adviser at the Federal Reserve Bank of Chicago for more than a decade. He joined the CFTC in 2006 and served as deputy chief economist until 2012. Most recently he directed the Masters in Finance program at American University’s Kogod School of Business.
FIA is saddened to report that Paul-André Jacot passed away. From 1990 to 2001, he was chairman of the Swiss Futures and Options Association. It was because of his leadership and extensive network of contacts in banking and international commodity trading that the SFOA’s annual fall meeting in Bürgenstock grew to become a critical high-level gathering of industry leaders and government officials. He was a great friend of FIA and a well-known and respected member of the global futures community. FIA inducted Paul-André into the FIA Futures Hall of Fame in 2009 in recognition of his outstanding contributions to the industry.
