In March, Deutsche Boerse announced a new leadership structure for its derivatives trading and clearing businesses. Thomas Book (pictured) assumed the role of CEO of Eurex Frankfurt AG and Eurex Zürich AG. The shift is part of his new role as head of derivatives markets trading. Michael Peters was appointed as deputy CEO of Eurex Frankfurt. He has been a member of the executive board since 2005. Erik Müller will take over as CEO of Eurex Clearing in July. He is currently managing director at Deutsche Boerse, responsible for corporate strategy and M&A as well as treasury functions and investor relations. Since April 2013 he has been serving on the board of Eurex Clearing with responsibility for treasury. Additionally, Heike Eckert was appointed new deputy CEO of Eurex Clearing. She has been serving as COO since April 2013.
ME Group appointed Eli Cohen as associate general counsel in Asia. He is based in Singapore and reports to Adrienne Seaman, managing director and head of legal, EMEA and Asia. Cohen has 25 years of experience in various legal and compliance roles in Asia and Europe, having worked in organizations including Singapore Exchange, Euroclear and the Asian Development Bank.
Piers Murray was named chief operating officer of BNY Mellon Markets, effective June 15. He will be based in New York and report to Michelle Neal, president of BNY Mellon Markets. Murray will succeed Regina Meredith-Carpeni. Murray was recently global co-head of listed derivatives and markets clearing at Deutsche Bank.
Carl Slesser was named president of Nasdaq NLX, reporting to Hans-Ole Jochumsen, president of global trading and market services for Nasdaq. Slesser replaced Charlotte Crosswell, who will assume a new role as a board director and advisor to Nasdaq. Slesser has been chief technology officer of NLX since 2012.
The White House in March nominated Georgetown University law professor Chris Brummer (pictured) and former congressional aide Brian Quintenz to fill vacant seats at the Commodity Futures Trading Commission. Brummer, if confirmed, would fill a vacant Democrat seat on the commission. He is currently a law professor at Georgetown University's Institute of International Economic Law. He has done research on financial reform and securities regulation, and has served as a member of an oversight committee within the Financial Industry Regulatory Authority, the self-regulatory organization for the U.S. securities industry. Quintenz, if confirmed, would fill a vacant Republican seat. He is the founder of Saeculum Capital Management, an investment firm based in Washington that is registered with the CFTC as a commodity pool operator. Prior to that he was an aide to former Representative Deborah Pryce (R-Ohio).
The Senate Banking Committee on May 19 approved the president's nominees: Lisa Fairfax, a professor at George Washington University, and Hester Peirce (pictured), a senior research fellow at the Mercatus Center at George Mason University, former counsel to the Senate committee and a former SEC staff attorney. At press time, the Senate had not yet voted for their confirmation.
The Commodity Futures Trading Commission appointed Dan Rutherford as director of the agency’s newly formed office of customer education and outreach. He was previously at the Consumer Financial Protection Bureau, where he helped establish its office of financial education. Earlier in his career he worked at FINRA and Kiplinger.com.
The European Commission reassigned several directors within DG FISMA, the directorate that oversees financial services issues. Ugo Bassi, previously in charge of investment and company reporting, replaced Martin Merlin as director of the financial markets unit, which has responsibility for MiFID, EMIR and other post-crisis reforms. Merlin replaced Mario Nava as director of regulation and prudential supervision of financial institutions. Nava shifted over to director for financial system surveillance and crisis management, including the upcoming proposal on clearinghouse recovery and resolution. The directors work under Olivier Guersent, who has been the director general of DG FISMA since September.
LCH appointed Daniel Maguire (pictured) as global head of rates and FX derivatives. He is responsible for the global product and business development of listed and OTC rates and FX derivatives through the group’s SwapClear and ForexClear services. In addition, Paddy Boyle, a former head of G-10 FX options at Goldman Sachs, was named head of FX products. Boyle reports to Maguire. The changes took place after Gavin Wells, who helped develop LCH's FX clearing business, left in March.
OCC announced that William Yates of TD Ameritrade was elected to a three-year term as a member director on the board of directors. Yates succeeded Judith Kula of Wolverine Execution Services. Susan Lester, an adviser for Pac West Bancorp and Arctic Cat, was elected as a pubic director serving a three-year term. She replaced Matthew Gelber of Bitterroot Asset Management. Additionally, Raymond Di Sanza of Charles Schwab and Jonathan Werts of Bank of America Merrill Lynch were re-elected as member directors, with Werts continuing to serve as member vice chair. Robert Litterman of Kepos Capital was re-elected as a public director.
Citadel Securities, the market making arm of the Chicago-based hedge fund, hired Nicola White as global chief operating officer for fixed income, currencies and commodities. She is based in New York and reports to Paul Hamill, global head of FICC. White joined Citadel from Morgan-Stanley where she was global head of electronic rates trading. Additionally, Remco Lenterman was named head of global business development, starting in September. He will be based in London. Lenterman was previously a managing director at IMC Financial Markets. He was also a founding member of the FIA European Principal Traders Association.
Societe Generale appointed Yann Garnier as head of global markets in Asia Pacific. Garnier is based in Hong Kong and reports to Frank Drouet, who was recently appointed head of global markets, and locally to Hikaru Ogata, CEO of Societe Generale Global Banking and Investor Solutions in Asia Pacific. In addition, Marc El Asmar was appointed head of sales for global markets, based in London. Asmar succeeded David Escoffier, who decided to leave the group.
Ahmad Fairuz Zainoi Abidin (pictured) as appointed as the new Deputy Chief Executive of the Malaysia Securities Commission. He was previously executive director of enforcement. He replaces Dato Dr Nik Ramiah Mahmood, who retired at the end of March after 23 years with the regulator.
Chris Adams re-joined Sucden Financial in April. He is based in London and is responsible for the firm's LME Ring Dealing Team. Previously he was at Levmet in Monaco, and earlier in his career he worked at Sucden and helped expand its LME floor trading team after the firm became a member of the exchange in 1994.
The International Organization of Securities Commissions appointed Ashley Alder as chair of the IOSCO board. Alder is the CEO of the Securities and Futures Commission of Hong Kong and was the vice chair of the IOSCO board. He succeeded Greg Medcraft, chairman of Australia’s ASIC, who served as the chair of IOSCO’s board for the last three years. Jean-Paul Servais, chairman of the Financial Services and Markets Authority of Belgium, was appointed vice chair.
ASX accepted the resignation of Elmer Funke Kupper as managing director and CEO. Funke Kupper decided to step down in order to deal with an investigation involving the company he headed before joining ASX in 2011. Rick Holliday-Smith, the chairman of the ASX board of directors, will lead the exchange while it searches for a new CEO.
Charles Mills, a past chair of the ABA’s derivatives and futures law committee, joined Steptoe and Johnson as a partner in the firm’s energy group and financial services practice. Mills joined a Washington-based team that includes former FERC commissioner Marc Spitzer and former CFTC commissioner Michael Dunn as well as other former senior regulators from both agencies.
Seyfarth Shaw named Gordon Peery as chair of the law firm's derivatives practice. Peery will be based in the firm's Los Angeles office. He was previously with Canada's largest law firm, Borden Ladner Gervais, where he served as its global derivatives advisor.
Wedbush Futures named Steve Trimble managing director, head of execution. He reports to Joe Signorelli, head of Wedbush Futures. Trimble was previously executive director, global managed derivatives marketing at J.P. Morgan.
Douglas Yatter (pictured), formerly the chief trial attorney at the Commodity Futures Trading Commission, joined Latham and Watkins as a partner in the law firm's New York office. Yatter is a member of the firm's white collar defense and investigations practice and the financial institutions and energy and oil and gas industry groups. At the CFTC, Yatter conducted and supervised investigations and litigation involving a wide range of violations of the Commodity Exchange Act and CFTC regulations in the financial and energy sectors, including the investigation of the shortfall in customer funds at MF Global.
Direct Match, an electronic trading platform for U.S. Treasury securities, appointed William O'Brien as executive chairman. O'Brien was most recently CEO of Direct Edge, leading the trading platform through its merger with BATS Global Markets. Direct Match is expected to be launched later this year.
The Treasury Department announced that Jennifer Shasky Calvery, the head of the Treasury Department’s Financial Crimes Enforcement Network, left her position at the end of May. She served as the director of FinCEN since September 2012.
IN MEMORIAM
FIA is saddened to report that Diane McFadden passed away. McFadden had a long career in the futures industry and was widely respected for her expertise on clearing issues and the operational aspects of the futures business. At the time of her death, she was director of operations for ICE Clear U.S. She also served on the board of directors of FIA’s Operations Americas division and was involved with many of the division's initiatives over the years.
FIA News
In March, FIA announced the election of directors to its board at its annual meeting in Boca Raton, Fla. Several new directors were elected, including John Dabbs of Credit Suisse Securities (USA); Andrew Gooch, GF Financial Markets (UK); James Overdahl, Delta Strategy Group; NIcholas Rustad of J.P. Morgan Securities; and Michael Voisin of Linklaters. The FIA board also voted for the following officers: Michael Dawley, Goldman, Sachs & Co. as chairman; Jerome Kemp, Citigroup Global Markets, as vice chairman, M. Clark Hutchison, Deutsche Bank Securities, as secretary; and Gerald Corcoran of R.J O'Brien & Associates as treasurer.
FIA appointed seven new members to its Asia advisory board. They are: Peter Jaeger, Asia-Pacific regional head of futures, clearing and collateral, Citi; Helen Lofthouse, executive general manager for derivatives and OTC markets, ASX; Ady Ng, deputy chief executive officer, UOB Bullion and Futures; Kevin Rideout, head of business development, global markets division, Hong Kong Exchanges and Clearing; Neil Salter, head of prime derivative services, Asia Pacific, Credit Suisse; James Shekerdemian, head of prime services, Asia Pacific, and global head of prime brokerage sales, Societe Generale; and Sharon Shi Ning, managing director, G.H. Financials (Hong Kong).
FIA Tech appointed Yossi Leon as head of product management. He is working with users, advisory committees and internal teams to aggregate and prioritize product requirements and customer needs, and direct the roll-out of new services and capabilities to our user community. He joined FIA Tech from Traiana with 15 years of experience in product management, product design and operations.
FIA European Principal Traders Association appointed Piebe Teeboom (pictured) as secretary general. He is leading the association and its work on regulatory issues related to MiFID II, EMIR and CRD IV. He joined FIA EPTA from the AFM, the Netherlands’ financial markets regulatory body, where he was senior adviser on capital markets strategy and policy since January 2010.
FIA announced that Mary Ann Burns, executive vice president and chief operating officer, will leave the association at the beginning of July to head marketing and distribution for Old Ox, the craft brewery owned by her family. "Mary Ann has been a core part of FIA for more than two decades and has left her imprint on nearly every part of the association," Walt Lukken, president and chief executive officer of FIA, said in a statement issued on April 14. "Her contagious optimism, tireless work ethic and devotion to members drove her many successes and I cannot thank her enough for her service to our industry."
