Matthew Chamberlain, chief executive of the London Metal Exchange, will step down in April to join digital asset custody services provider Komainu as CEO. Founded in 2018, Komainu is a joint venture between Nomura, blockchain company Ledger and crypto investor CoinShares. Chamberlain, a former banker who has been at LME for nine years, oversaw modernisation of the world's largest and oldest metal exchange and its foray into cleaning up global supply chains. Adrian Farnham, currently head of LME Clear, will take over as interim CEO in May. Farnham will become a member of the Hong Kong Exchanges and Clearing management committee and report to HKEX group CEO Nicolas Aguzin.
The LME board have begun a formal process to look for Chamberlain's replacement, the exchange said. Chamberlain started his career in M&A with a specific focus on exchanges and financial market infrastructure at Citibank and Perella Weinberg Partners. He joined the LME in 2012 after advising HKEX on its $2.2 billion acquisition of the market while heading European financial technology coverage at UBS. Five years after, he was appointed chief executive of LME at the age of 34, the youngest head of a major exchange.
FIA's Operations Americas Division has announced a new board of directors. Jon Schlamp, senior vice president and North America futures COO at Macquarie, was elected president to replace outgoing president Scott Andersen, head of Americas listed derivatives at Société Générale. Schlamp previously served as the Division's vice president.
Ravi Menon, managing director of the Monetary Authority of Singapore, has been named the new chair of the Network for Greening the Financial System (NGFS), a group of 105 central banks and supervisors that share best practices for the development of climate risk management in the financial sector. Menon replaces founding chair Frank Elderson, member of the executive board of the European Central Bank. The NGFS has also named Sabine Mauderer, member of the executive board of the Deutsche Bundesbank, as vice-chair. Both Menon and Mauderer will serve two-year terms with Mauderer taking over as chair for the subsequent two years.
Société Générale has appointed Christophe Lattuada as chief operating officer of Global Banking and Investor Solutions based in Paris, replacing Cécile Bartenieff who has been named CEO for Société Générale Asia Pacific. The bank has appointed Demetrio Salorio as group country head for the UK and Ireland, and CEO of Société Générale London Branch, succeeding Lattuada in these roles. Both Lattuada and Salorio report to Slawomir Krupa, head of Global Banking and Investor Solutions.
Bank of America Securities Europe has appointed Clement Cordier as director, futures and options and OTC clearing sales for the EMEA region. He is based in the bank's Paris office. The bank, which declined to comment on the move, has its European broker-dealer business headquartered in Paris and has memberships in several European derivatives exchanges, including Eurex, Euronext and MEFF. Cordier previously worked at HSBC, most recently as the head of derivatives clearing services for continental Europe.
The Federal Reserve Bank of New York has appointed Michelle Neal to head its markets group and serve on the executive committee. Neal is currently chief executive of US operations for the distributed ledger platform LedgerEdge, which she joined in July 2021. Over a 20-year career, Neal has headed US fixed income, currencies and commodities at RBC Capital Markets and was chief executive of markets at BNY Mellon.
BNP Paribas has appointed Andrew Willis as global head of listed derivatives low touch execution, working alongside Lee Spicer, head of high touch execution. He reports to Gaspard Bonin, deputy head of derivatives execution and clearing. Willis was previously global head of exchange-traded derivatives execution at Société Générale. He was also part of SG's management team for global execution services, covering cash equities and listed derivatives, and one of the team that managed the integration of Newedge after the bank bought the broker in 2014. Before joining Newedge, Willis was a director in cash equities trading at Nomura, having started in futures and options at the Industrial Bank of Japan.
Benoît Cœuré has been named as the new head of the Autorité de la Concurrence (ADLC), France's competition regulator. Since 2020, Cœuré has headed the Innovation Hub of the Bank for International Settlements, a newly created body which he moved to after eight years at the European Central Bank. At the ECB he was a member of the executive board and was responsible for market transactions, the supervision of market infrastructures and European and international relations.
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission, has announced a series of leadership appointments, including naming longtime CFTC veterans Amanda Olear as the director of the Market Participants Division and Rob Schwartz, the general counsel for the agency. Additionally, Clark Hutchison will continue as director of clearing and risk and Tamara Roust will continue as Data Division director and chief data officer.
Behnam also announced several executive appointments with David Gillers continuing as chief of staff, John Dunfee as Behnam's chief counsel and Alicia Lewis continuing as special counsel managing clearing, LIBOR transition, and international regulatory matters. Laura Gardy has been appointed deputy chief of staff. She previously served as a special counsel to Behnam during his time as commissioner. Abigail Knauff has been appointed special counsel and deputy of the CFTC's Climate Risk Unit, and Steve Adamske has rejoined the CFTC as the agency's director of public affairs. Adamske previously held the role for almost seven years and served as a senior policy advisor to Commissioner Sharon Bowen. Most recently he was vice president, head of communications and public affairs at FIA.
In other moves at the CFTC, Tanisha Cole Edmonds has joined the agency as its first chief diversity officer. Prior to the CFTC, Edmonds served as deputy director for the Office of Diversity, Inclusion and Civil Rights at the US Interior Department.
Neil Esho has been appointed secretary general of the Basel Committee on Banking Supervision. The Australian will take the helm of the global standard-setting body in February for a three-year term. He has been deputy secretary general since 2014 and will succeed Carolyn Rogers, who left in November to become senior deputy governor of the Bank of Canada. Esho joined the Basel Committee Secretariat in April 2006. Prior to that, he was head of research at the Australian Prudential Regulation Authority.
Stephanie Cohen, the chief operating officer of the UK Financial Conduct Authority, will step down from the post later this year for personal reasons. BlackRock veteran Cohen joined the FCA in 2021. Emily Shepperd, FCA executive director of authorisations, will take over the COO role when Cohen departs.
The European Securities and Markets Authority has appointed Thorsten Pötzsch, a senior official at Germany's BaFin, and Rodrigo Buenaventura, chair of Spain's CNMV, to its management board to replace outgoing members. It has also reappointed Magdalena Łapsa-Parczewska, managing director for capital market supervision at Poland's KNF, to the board. Pötzsch's term began on 25 January, while both Buenaventura's and Łapsa-Parczewska's begin on 31 March.
Digital asset futures and options exchange FTX US Derivatives has named Larry Thompson as chair of the board. Previously, Thompson was the chair of the board for LedgerX, which was acquired by FTX US and became FTX US Derivatives in October 2021. Thompson has served in a variety of senior-level roles, including general counsel and, most recently, vice chairman of the Depository Trust & Clearing Corporation.
FTX US Derivatives has also named its board of directors: Keisha Bell, managing director, head of diverse talent management and advancement, DTCC; Bryan Bishop, CTO at Avanti Bank & Trust; Zach Dexter, CEO of FTX US Derivatives; Joe Keefer, trader at Grapefruit Trading; Jerome Kemp, president of Baton Systems; Lucas Moskowitz, vice president and deputy general counsel at Robinhood; Bart Smith, global head of strategy for digital assets for Susquehanna International Group; and Mark Wetjen, head of policy and regulatory strategy at FTX US.
R.J. O'Brien & Associates has promoted Amber Wright to executive director, global head of fixed income rates and e-trading sales, with responsibilities across RJO's operating affiliates. Based in London, she reports to Daniel Staniford, RJO's president and chief sales officer. Wright previously served as RJO's senior director, global sales after joining the firm as director, global sales in July 2019. She joined RJO from Capula Investment Management, a global London-based fixed income specialist hedge fund.
London Stock Exchange Group has appointed Andy Ross as its new interim head of the digital product group in its post-trade division. Ross will be responsible for aligning data and analytics projects across the post-trade businesses at LSEG including UnaVista, LCH SA, LCH and SwapAgent. He assumes the new role after most recently serving as the CEO of LSEG's CurveGlobal Markets derivatives exchange, which closed in January.
Streets Consulting, a financial services business development and communications consultancy, has appointed Clare Black as managing director. Black reports to founder and CEO Julia Streets and joins from Innovate Finance, where she served as director of corporate affairs and communications for the UK fintech industry trade body.
Marex has named Matt Thistle as its new head of energy to replace the departing Jeremy Elliot who had served as the company's global head of energy since September 2013. Thistle is based in New York and was previously Marex's head of energy in North America, a position he assumed in 2019 after nine years as a senior vice president in Spectron Energy, a division of Marex.
Nick Spencer-Skeen, the European chief of staff at StoneX Group, has left the firm after 10 years leading the EMEA arm of the US brokerage group. Before joining INTL FCStone (now StoneX) in 2011, Spencer-Skeen was head of operations at Banca IMI and head of operations at Banca Caboto prior to that.
London-based broker Britannia Financial Group has hired Jump Trading's former head of FICC Mark Bruce as its head of strategy. Britannia, formerly known as Berkeley Futures, said Bruce will be responsible for managing the group's strategic growth, integration, and technology. At Jump Trading, Bruce was also responsible for sales and strategy of the direct trading business. Prior to that, he spent more than seven years at ICAP, starting in foreign exchange and precious metal sales before being promoted to global head of product in EBS Markets and then head of product for EBS and BrokerTec markets.
Baton Systems has appointed David Ornstein as chief operating officer. Based in New York he will work closely with Baton's founder and CEO, Arjun Jayaram. Ornstein was previously COO of global markets at Barclays Investment Bank. Most recently, he worked in an advisory capacity for several growth companies.
Digital asset exchange Bittrex Global has appointed Paul Grier as chief marketing officer. Grier previously held senior communications roles at companies including ICAP, NEX Group, CME Group, and most recently the London Stock Exchange Group.
David Newman has joined RBC Capital Markets as director and senior counsel working on RBC's regulatory and government enforcement matters. He previously worked at the CFTC's Division of Enforcement as a senior trial attorney.
Barchart, a provider of data, tools, and software to the global commodity industry, has named Mike Driscoll as head of commodity sales. Most recently Driscoll served as a sales executive for EFC Systems.
WeMatch, a provider of web-based trade matching tools, has appointed Guillaume Tellez as chief financial officer. Tellez previously spent 10 years at JP Morgan in various roles in M&A and investor relations in the bank's London and New York offices. From 2016 to 2021, he led principal strategic investments in European start-ups on behalf of the bank.
Eventus Systems, a provider of multi-asset class trade surveillance and market risk services, has named Jeff Bolke its chief revenue officer. Bolke is based in Texas and reports to CEO Travis Schwab. Bolke most recently served as executive vice president, sales at Planview, a Texas-based firm offering portfolio and work management solutions.
