The Financial Stability Board, which was established by the Group of 20 leaders to coordinate the post-crisis financial reforms, reappointed Mark Carney for a second three-year term as chairman. Carney is the governor of the Bank of England.
President Obama nominated Adewale Adeyemo to serve as the Treasury Department’s assistant secretary for international markets and development. Adeyemo is currently Treasury deputy chief of staff. If confirmed by the Senate, he would succeed Marisa Lago, who has been nominated to serve as deputy U.S. trade representative.
Former Senator Saxby Chambliss (R-Georgia), who retired after 12 years in the Senate, joined the law firm of DLA Piper as a partner in the firm’s Atlanta office. Chambliss, who participated in the oversight of the Commodity Futures Trading Commission as a member of the Senate Agriculture Committee, joined several other former government officials at the law firm, including Bart Chilton, a former CFTC Commissioner, and Sheila Bair, former chairman of the Federal Deposit Insurance Corporation.
Carsten Kengeter, a former head of the investment banking division of UBS, will take the helm as chief executive officer of Deutsche Börse in June 2015. Kengeter will succeed Reto Francioni, who is departing after 17 years on the exchange operator’s executive board. The exchange also announced that Andreas Preuss’ position as deputy CEO was extended through May 2018. In a separate move, Eurex appointed two new members to the supervisory board for its clearinghouse: Roselyne Renel, group chief credit officer of Standard Chartered Bank, and Clifford Lewis, former chief executive officer of Currenex. They replaced Richard Berliand and William Templer.
LCH.Clearnet appointed Martin Pluves as CEO of LCH.Clearnet Ltd. He succeeded Michael Davie, who was appointed to a newly created role as chief operating officer of LCH.Clearnet Group. Prior to this appointment, Pluves was chief operating officer of LCH.Clearnet Ltd. He will continue reporting to Suneel Bakhshi, CEO of LCH.Clearnet Group.
The Senate confirmed Colette Honorable as a Commissioner of the Federal Energy Regulatory Commission, which regulates trading of physical natural gas and electricity as well as pipelines and other physical market infrastructure. Honorable was chairman of the Arkansas Public Service Commission since 2011 and served as the president of the National Association of Regulatory Utility Commissioners. Her term ends in June 2017.
Representative Michael Conaway (R-Texas), the chairman for the House Agriculture Committee, appointed key senior staff to lead the committee in the 114th Congress. Scott Graves will serve as committee staff director. He was legislative director and chief of staff in Conway’s personal office. Matt Schertz was named as policy director. Schertz most recently served as professional staff to Representative Frank Lucas (R-Okla.) and staff director to Conaway on the general farm commodities and risk management subcommittee. Jackie Barber was named chief counsel. Barber most recently served as counsel to Conaway at the House Ethics Committee. Christine Heggem was named director of coalitions and outreach. Heggem most recently served as a senior federal government relations professional at the National Rural Electric Cooperative Association. Bart Fischer will continue serving as the committee’s chief economist. Ted Monoson was named communications director.
Gary Barnett, the head of the Commodity Futures Trading Commission’s swap dealer and intermediary oversight division, left the CFTC to join the Securities and Exchange Commission as deputy director of the division of trading and markets. Tom Smith, currently the deputy director for capital, margin and segregation, is serving as interim director of the division. Barnett joined Gary Goldsholle, who was also named a deputy director at the SEC’s division of trading and markets. Goldsholle was previously general counsel for the Municipal Securities Rulemaking Board. Goldsholle and Barnett will report to Stephen Luparello, the director of the trading and markets division.
Singapore Exchange announced that Richard Teng, the exchange’s chief regulatory officer, will leave the organization in February. He will be taking on the role of chief executive officer of the regulatory authority that oversees Abu Dhabi’s new financial free trade zone. SGX has not yet named his successor.
Société Générale Corporate & Investment named Daniel Petherick as head of European equity flow derivatives sales, which includes index and single stock equity options as well as volatility and dividend products. He previously held a similar role at Citi. The firm also announced that Nick Gionfriddo was named head of OTC clearing sales, North America. Gionfriddo is based in New York and reports to Adam Cohen, global head of institutional sales at Newedge. Gionfriddo previously worked at CME Group and UBS.
UBS promoted Shane Edwards to head of global equity derivatives. He replaced Roger Naylor, who was named co-head of global equities at UBS. Edwards is currently global head of equities structuring.
Deutsche Bank made several management changes in line with the bank’s strategic, regulatory and litigation priorities. Marcus Schenk joined the bank from Goldman Sachs and will succeed Stefan Krause as chief financial officer in May. Schenk was head of investment banking for Europe, the Middle East and Africa at Goldman Sachs and before that he was chief financial officer for German energy company E.ON. Krause will take a new position as head of strategy and organizational development. Christian Sewing, currently global head of group audit, took responsibility for legal in January. That function previously was held by Stephan Leithner, who will continue to head regulatory affairs, compliance and the bank’s cultural change program.
In other changes at Deutsche Bank, Zar Amrolia stepped down as co-head of fixed income and currency trading, which includes electronic trading, listed derivatives and OTC clearing. Amrolia assumed a new position leading the development of digital technology. Richard Herman, who has been co-head of FIC since February, will remain as the sole head of the division. In addition, the bank announced the appointment of Elizabeth Ford as head of compliance, Americas. Ford joined from Goldman Sachs, where she was global head of compliance for investment banking, merchant banking and the executive office. She succeeded Eric Gallinek, who relocated to London to lead the compliance function for the bank’s asset and wealth management division.
Jamie Cawley, the former head of Javelin Capital Markets, has been hired by BGC Partners as chief executive officer of BGC Derivatives Markets L.P., the swap execution facility operated by BGC. Cawley joined Javelin in October 2010 and spearheaded the development of its SEF.
BATS Global Markets appointed Chris Concannon as president. Concannon was previously president of Virtu Financial. Concannon succeeds William O’Brien, who left the exchange in July. He reports to Joe Ratterman, chief executive officer of BATS.
Paul Hamill joined Citadel Securities as global head of fixed income, currencies and commodities. He previously was global head of FX, rates and credit execution services at UBS, where he oversaw the bank’s efforts to develop electronic trading services for swaps.
BP promoted Alan Haywood to group treasurer. Previously he was president of downstream gas and head of commercial development for BP’s Integrated Supply and Trading business. He continues to have oversight of the IST division’s global regulatory responsibilities.
Standard Chartered named Miles Peckham-Cooper head of client services for ECLiPSe, a provider of execution, clearing, liquidity and portfolio services. He is based in Singapore. He was previously with J.P. Morgan in its Singapore office working in futures and options, OTC clearing, intermediation and collateral operations.
Cyrus Amir-Mokri, a former senior official at the CFTC and the Treasury Department, rejoined the law firm of Skadden, Arps, Meagher and Flom as a partner in the firm’s New York office. Amir-Mokri worked at Treasury as the Assistant Secretary for Financial Institutions from November 2011 to April 2014. Before that he was senior counsel to former CFTC Chairman Gary Gensler from 2009 to 2011.
J.P. Morgan appointed several executives to key functional areas within its execution services division, a group formed earlier this year to advise clients and internal traders on electronic trading across asset classes. The executives include Peter Ward as global head of futures and options execution services and head of Americas rates execution services, James Proudlock as head of commodities execution services, and James Taylor as head of international rates execution services. In addition, Joseph Nehorai, previously European head of futures and options sales, was appointed head of sales and marketing for macro products, and Barney O’Kane, previously global head of high-frequency trading risk management, was named head of market risk.
Sheila Bair was named senior policy advisor at DLA Piper. Bair has served in senior government and financial services positions for more than 30 years, most recently as chairman of the Federal Deposit Insurance Corporation. From 1991 to 1995, she served as a CFTC commissioner. At DLA Piper, Bair joins former CFTC commissioner Bart Chilton and former CFTC counsel Elizabeth Ritter.
Eric Litvack was appointed chairman of the International Swaps and Derivatives Association’s board of directors. Litvack, currently vice-chairman of the ISDA board, is a managing director and head of regulatory strategy for Société Générale’s Global Banking and Investor Solutions. He succeeded Stephen O’Connor, who had been ISDA chairman since April 2011.
The FIA European Principal Traders Association appointed Alan McGroarty, chief executive officer of Spire Europe, to its executive committee. McGroarty has worked in electronic trading since 2001 and has worked with FIA EPTA on several regulatory issues, including the consultation process for MiFID II.
In Memoriam
FIA is saddened to report that Gary Anderson, who stepped down as chief executive of the Dubai Gold and Commodities Exchange in October because of ill health, has passed away. Anderson, a former floor trader at Liffe and an executive at Goldman Sachs and Deutsche Bank, joined the exchange in April 2012 and oversaw a major overhaul of its trading systems and a significant expansion of its business.
FIA is saddened to report that George Painter, a former administrative law judge for the Commodity Futures Trading Commission, passed away on Nov. 8. Painter retired from his position as an administrative law judge in 2010.
