CME Group appointed Mike Dennis as global head, fixed income. He will oversee the company's largest and most actively traded global benchmark futures and options contracts on SOFR and US Treasuries. He will also lead BrokerTec, CME’s electronic trading platform for US Treasury benchmarks and EU, UK and US repo trading. Dennis starts on 5 August and will report to CME chairman and CEO Terry Duffy. He previously served as chief commercial officer of ABN AMRO Clearing in the US, one of CME Group's largest global futures clearing firms.
Sharon Shi, the former chief executive of G.H. Financials, has been appointed as CEO, global clearing at CITIC Futures International and managing director, futures at CITIC CLSA, based in Hong Kong. In her new roles, Shi will develop CITIC Futures International’s global clearing business and build the futures franchise at CITIC CLSA, a brokerage and investment group. Both CFI and CLSA are part of CITIC Securities, the Chinese investment bank headquartered in Shenzhen.
Samantha Page joined ABN AMRO Clearing Bank as a regulatory change manager, based in London. Page was previously the head of market structure at Euronext where she worked for two years. Before that, she worked at the UK Financial Conduct Authority in the wholesale banking supervision team covering supervisions and authorisations, conduct and culture, and accountability.
Simone Huis in ’t Veld will step down as chief executive of Euronext Amsterdam after five years in the role to pursue new projects, according to a company announcement. She will leave the exchange group on 1 September. Huis in ’t Veld will be succeeded, subject to regulatory approval, by René van Vlerken, currently the head of listings for the Netherlands, Germany and Central and Eastern Europe at Euronext. Van Vlerken joined Euronext in 2017 as head of business development for small and mid-caps before a promotion to his current role in 2018.
Fixed income platform Tradeweb is set to make organisational changes as President Thomas Pluta leaves the company effective 30 September. Pluta joined Tradeweb in 2022 from JP Morgan. As the firm seeks a replacement for Pluta, its US institutional teams will report to Enrico Bruni, head of the Europe and Asia business, while the wholesale and retail teams will report to Tradeweb CEO Billy Hult. In August, Amy Clack will join as chief administrative officer to oversee operations, business integration, risk and corporate services. The role is newly created and was previously tied to that of chief risk officer Scott Zucker. Clack joins from Wells Fargo’s corporate and investment banking unit, before which she was chief operating officer for investment banking and capital markets at Credit Suisse.
Financial services firm Clear Street has appointed Atul Pawar as chief risk officer. Pawar joins from Goldman Sachs, where he was the head of US prime, clearing, FCM and counterparty risk.
Terry Arbit retired from the US Commodity Futures Trading Commission (CFTC) where he was senior counsel to Commissioner Summer Mersinger. Arbit first joined the CFTC in 1996 and worked there for 17 years before moving to private practice as a partner at Norton Rose Fulbright and of counsel at Winston & Strawn. He rejoined the CFTC in 2019 as senior counsel to Commissioner Dawn Stump before joining Mersinger’s team.
Josh Sterling joined Milbank as a partner in Washington D.C., where he is a member of the firm’s derivatives group and its litigation and arbitration practice. Sterling’s practice will focus on regulatory and enforcement matters relating to derivatives, financial market infrastructure and cryptocurrency issues, according to the firm. Sterling’s client advice is informed by his tenure at the CFTC, where he served as director of the Market Participants Division from 2019–2021. Before joining Milbank, Sterling was a partner at Jones Day, assisting derivatives clients with examinations and investigations relating to their trading practices and compliance with related registration, reporting and other rule requirements.
DTCC announced four new board members have joined its board of directors: Brian Gallagher, global head of markets operations at JPMorgan Chase, Christopher Gelvin, group operations and technology office (GOTO) chief operating officer at UBS, Jon Herrick, chief product officer at the New York Stock Exchange, and Igor Modlin, global head of prime services product development at Goldman Sachs.
Raymond Wong is leaving Hong Kong Exchanges and Clearing where he is head of Europe, Middle East and Africa business development. Wong is relocating to Hong Kong next month to take up a new role. He has previously worked as an equity derivatives broker at Vantage Capital Markets and Qantex Capital Markets and as a sales trader at Salisbury BKT Securities Corporation.
TP ICAP’s energy and commodities division has appointed three new regional CEOs, covering APAC, EMEA and the Americas. Reporting to Andrew Polydor, the division’s global CEO, the appointments are: David Silbert, CEO, Americas; Joachim Emanuelsson, CEO EMEA; and Tom Fox Hughes, CEO APAC. Silbert was the founder and served as senior partner CEO of Trailstone Group, a global commodities trading firm. Emanuelsson joins from SCB Group, a low-carbon commodity broking and advisory firm that he co-founded. Fox Hughes has been promoted following almost three years as commercial manager for the region, based in Singapore.
CME Group chief commercial officer Julie Winkler has been appointed chair of Women in Financial Markets, the non-profit organisation working to promote female leaders. Winkler takes over from former chair Marisol Collazo, a managing director at DTCC, who has moved to the group’s advisory council. Winkler has been a board member of Women in Financial Markets, formerly known as Women in Derivatives, since 2021.
Makenzie Billings has joined Marex as director, introducing broker clearing, based in Chicago. She joins from CME Group where she was manager of agricultural and alternative investment products. Before CME, Billings was vice president of sales and marketing at futures commission merchant RJ O’Brien & Associates.
In other news, Marex has opened an office in Auckland, New Zealand, as it expands its operations in Asia Pacific and extends its global environmental offering. The New Zealand team is led by Nigel Brunel, who brings to Marex almost two decades of experience in global commodities, most recently as head of commodities at Jarden. The team will serve New Zealand-based and global clients with agency and execution and clearing services across carbon, electricity and dairy, in listed and over-the-counter products.
SIFMA has appointed Stephen Byron as managing director and head of technology, operations and business continuity. In addition to serving as SIFMA’s principal liaison to member firm senior operations personnel, he will manage relationships with relevant regulators, industry utilities and technology providers. He replaces Tom Price who announced his retirement earlier this year. Byron joins SIFMA from Goldman Sachs where he served as vice president and operations senior leader of equities post-trade transformation and strategy.
The Bank for International Settlements (BIS) appointed Véronique Sani as secretary general. Her five-year term takes effect on 1 December 2024. She fills the vacancy created by the retirement of Monica Ellis, who has been secretary general since 2017. Sani is currently president of Advasio Consulting and was most recently chief operating officer of Natixis.
The BIS also announced two new senior leadership appointments in the BIS Innovation Hub. Karmela Holtgreve will be deputy head of the Hub and head of operations, and Miguel Díaz will be deputy head of the Hub and head of strategy. Holtgreve is currently director general strategy and innovation at the Deutsche Bundesbank. Díaz is currently the head of the BIS Innovation Hub’s Toronto Innovation Centre. They replace Ross Leckow, deputy head of the Innovation Hub since 2019, who will leave the BIS at the end of August.
Law firm Paul Hastings has appointed former federal prosecutor and trial lawyer Renato Mariotti as a partner in Chicago. Mariotti focuses on complex litigation, including private equity and hedge fund litigation, derivative-related claims and cyber theft. A former prosecutor in the Securities and Commodities Fraud Section of the US Attorney's Office, Mariotti served as lead prosecutor in United States v. Michael Coscia, the nation's first federal prosecution of a high-frequency trader for order entry and first prosecution under the anti-spoofing provision of the Dodd-Frank Act. He joins from Bryan Cave Leighton Paisner.
