Tullett Prebon named veteran futures industry executive Nicolas Breteau (pictured) as chief commercial officer, based in London. He brings many years of experience to the position, having worked at Newedge and its predecessor Fimat for 20 years. From July 2010 to November 2013 he served as Newedge's chief executive officer. Most recently he was a senior managing partner at 99 Advisory, a London-based consulting firm.
The London Stock Exchange Group named Andrew Ross as chief executive officer of Curve Global, the exchange operator's new venture for the trading of interest rate futures. Ross comes to LSE from Morgan Stanley, where he worked for 10 years, most recently as European head of clearing and global head of agency listed derivative electronic execution. “CurveGlobal’s success will be built on its ability to bring together a broad swathe of ETD and OTC market participants, including the buy- and sell-sides, prop trading firms and market makers," said Michael Davie, chairman of CurveGlobal. "It’s therefore vital that our chief executive has the depth of experience and relationship with each of these communities, which is why I’m delighted that Andrew will be taking on the role. He brings unparalleled experience and an exceptional track record of successfully growing businesses within this very competitive industry.” In addition, Steven Hamilton joined CurveGlobal as part of the business development team. Hamilton, who was previously with DRW Investments, is responsible for proprietary trading accounts and market makers. Prior to that, he worked at the Financial Conduct Authority and LIFFE.
Man Group appointed Richard Berliand as a non-executive director and member of the board's remuneration and nomination committees. Berliand, a former FIA board member, has decades of experience in the derivatives industry. He has been serving as a consultant in the industry after retiring in 2011 from his position as global head of prime services for J.P. Morgan. He is currently deputy chairman of Deutsche Boerse's supervisory board.
Andrew Bailey (pictured) will be the next chief executive of the U.K.'s Financial Conduct Authority, effective in July. Bailey has worked for the Bank of England for 30 years in a variety of roles including supervision, monetary analysis, banking services and as head of the bank's resolution unit. Since April 2013 he has served as deputy governor for prudential regulation at the Bank of England and chief executive officer of the Prudential Regulatory Authority. Bailey will succeed Tracey McDermott, who has been the FCA's acting CEO after the departure of Martin Wheatley. "We have cast the net far and wide for this crucial appointment and, having led the Bank of England’s response to the financial crisis, Andrew is simply the most respected, most experienced and most qualified person in the world to do the job," George Osbourne, chancellor of the exchequer, said in a statement. "His appointment is an important next step in the establishment of the FCA as a strong regulator, independent of government and industry."
Credit Suisse appointed Jeff Jennings to head of its prime services in Europe, the Middle East and Africa. He will move from New York to London to take up the new role. John Dabbs, previously U.S. head of futures and OTC clearing, will take Jennings’ place as global head of prime derivatives services.
Hugo Jenkins (pictured) has announced that he intends to step down from his role at FIA at the beginning of April. Jenkins currently serves as senior vice president, member relations and strategic solutions. He joined FIA Europe, formerly the Futures and Options Association, 16 years ago and since then he has become recognized by members and colleagues alike as a key figure in the delivery of valuable services to the industry. FIA President and CEO Walt Lukken said: “We are extremely grateful to Hugo for his tremendous support, hard work and expert counsel for the association and its members during his time at FIA and FIA Europe. We wish him the very best.”
Intercontinental Exchange announced several senior management promotions. Trabue Bland, vice president of regulation, was named president of ICE Futures U.S. Lynn Martin, president and chief operating officer of ICE Data Services, has expanded oversight that now includes Interactive Data. Ben Jackson, president and chief operating officer of ICE Futures U.S., was named ICE's chief commercial officer. ICE also appointed Hester Serafini (pictured) as chief operating officer of ICE Clear U.S., its clearinghouse for U.S. futures markets. Serafini previously worked at J.P. Morgan as EMEA head of OTC clearing. Before that she worked at Deutsche Bank and held senior roles in prime brokerage, clearing and risk management. She reports to Tom Hammond, president of ICE Clear U.S. In addition, David Farrell has been promoted to chief operating officer of ICE Futures U.S. Farrell joined ICE in 2012 and has held leadership roles in market supervision, product management, commodity operations and, most recently, head of global soft commodity operations across ICE Futures U.S. and ICE Futures Europe. He reports to Trabue Bland, president of ICE Futures U.S.
JP Morgan named Nick Rustad global head of clearing, based in London. He replaced Emily Portney, who announced in February that she planned to leave after more than 20 years at the bank. Rustad, a 15-year veteran of the bank, was most recently head of EMEA emerging markets rates trading.
Anneli Tuominen was appointed vice chair of the European Securities and Markets Authority. Tuominen, who has been the director-general of Finland's financial supervisory agency since 2007, will serve a two and a half year term. She succeeded Portugal's Carlos Tavares, who completed his term.
The Chinese government replaced Xiao Gang as chairman of the China Securities Regulatory Commission and appointed Liu Shiyu as his successor. Liu spent most of his career at the People’s Bank of China and served as deputy governor of the central bank from 2006 to 2014, when he was appointed chairman of the Agricultural Bank of China.
CME Group appointed Sandra Ro as the exchange group’s “digitalization lead,” a newly created role that will lead the group’s exploration of new technologies such as blockchain. She is based in New York. Ro, who joined CME in 2011, will take on the new role in addition to continuing to serve as executive director, responsible for research and product development in foreign exchange and metals.
Brett Paulson joined TradeHelm, a software development and technology consulting company based in Chicago. He previously worked at West Monroe Partners. Earlier in his career he served as the president and chief operating officer for The Clearing Corporation (formerly Board of Trade Clearing Corporation) from 2005 to 2008.
Johannah Ladd joined Quantlab Financial as the head of its London office. Ladd was previously secretary general for the FIA European Principal Traders Association.
