Trading Places

told Global Investor: “As ESG becomes central to all parts of the financial markets, lenders and borrowers of financial instruments are increasingly interested in whether the assets they are borrowing or the borrowers they are lending to comply with their vision of responsible investing.”

Liquidnet appoints fixed income sales head

ASSET MANAGEMENT:

ICMA taps board members from BlackRock, Credit Agricole, StanChart

The International Capital Market Association (ICMA) has elected three new board members from BlackRock, Credit Agricole and Standard Chartered.

Robeco hires Prins from APG as chief operating officer

Robeco has hired the chief operating officer from rival APG Asset Management to become its COO, replacing Karin van Baardwijk who has been promoted to CEO.

The Dutch ESG manager said Marcel Prins will become its chief operating officer on June 1.

Prins takes over from Van Baardwijk who served in the role for five years before being named as Robeco’s chief executive officer on January 1 last year.

Fidelity Investments creates 12,000 jobs

Fidelity Investments said it has created more than 12,000 new jobs that it plans to fill by the end of September 2022.

The jobs will put the company on track to meet or exceed its hiring in 2021, which saw 16,600 new hires –more than double the 7,200 associates hired in 2020, the firm said.

Fidelity said: “These increases come as we sustain growth across our businesses, including in assets under administration, daily trades, and advisory assets.”

Stephen Fisher, BlackRock Investment Management, London, Jean-Luc Lamarque, Credit Agricole Corporate and Investment Bank, London and Henrik Raber, Standard Chartered Bank, Singapore, have all been elected to the board for a first term of three years.

“Additionally Alessandro Brusadelli, UniCredit, Milan, Dr. Frank Engels, Union Asset Management Holding (effective July 1 2022), Frankfurt, Kun Hu, Bank of China Limited, Beijing, and Janet Wilkinson, RBC Europe, London were all elected to the board for an additional consecutive term of three years,” the association said in a statement.

ESG impact of lending decisions to be ‘carefully considered’ - SIX Stock lending firms should “carefully consider” the environmental, social and governance (ESG) impact of their lending decisions and the processes behind them, according to Swiss exchange SIX.

The Swiss group said ESG is becoming a key part of the financial markets as stock lenders and borrowers increasingly want to know about the ESG profiles of the assets they are borrowing.

Jacob Gertel, senior content manager for legal and compliance data at SIX,

Liquidnet has appointed Nichola Hunter from MarketAxess as global head of sales for fixed income as the buy-side trading network continues to grow the business.

Based in London, Hunter is responsible for growing client relationships through the delivery of tailored and innovative solutions, the TP ICAP-owned firm said. Hunter reports to Mark Russell, global head of fixed income.

Robeco re-hires Preininger from Amundi to run sales

Robeco has re-hired Alexander Preininger exactly one year after he left the Dutch asset manager to join Europe’s largest asset manager Amundi.

Robeco, which is based in Rotterdam and manages about $180bn (£156bn) of assets, said in September Preininger will become its global head of sales and marketing on November 1. Preininger will also assume at that time a seat on the Robeco executive committee, the firm said in a statement.

CUSTODY:

engineering and Nitin Gaur as digital technology strategy lead, as the US group seeks to accelerate its digital transformation for clients.

In his new London-based leadership role, Otter oversees the development and implementation of blockchain technology across the US custody bank’s digital arm, the banking group said.

Markets division.

Glenn Poulter, formerly of Citigroup and ICAP, has been promoted to global head of Integrated Trading Solutions (ITS), the bank’s outsourced trading platform for asset managers and other clients.

BNY’s Regelman to replace La Salla running issuer service

BNY Mellon has promoted Roman Regelman, its head of asset servicing and digital, to become chief executive officer of its issuer services business, replacing Frank La Salla who is moving to the DTCC.

BNY Mellon said: “Regelman’s appointment further enhances the bank’s mission to create synergistic opportunities to build global scale and infrastructure for all asset types, expand access to capital around the world and further enable a resilient, capital markets ecosystem.”

BNP Paribas hires co-head of Chinese custody from Deutsche BNP Paribas has hired Stanley Song from Deutsche Bank as the French bank’s co-head of securities services in China.

Song will run the business line with Philippe Kerdoncuff, who has been in the role since 2016.

Song is based in Shanghai and reports to CG Lai, chief executive officer of BNP Paribas China Limited, and Franck Dubois, head of Asia Pacific for BNP Paribas Securities Services.

State Street hires blockchain engineering head, digital tech lead State Street Digital has appointed Rob Otter as head of blockchain

He brings with him more than 20 years of technological and transformation experience and joins from JPMorgan Chase, where he served as head of chief technology officer blockchain, application programming interface technologies, and applied research since 2019.

Euroclear appoints chief transformation officer

Euroclear appointed in midJuly Rudi Collin, formerly of BNP Paribas, as group chief transformation officer, the second senior management hire by the Brussels-based group in a week.

Collin brings over a decade of transformation, digital and finance experience to the role, and joins Euroclear after it promoted Sara Cescutti to the post of chief commercial officer for Europe, the Middle East and Africa.

Euroclear said: “In establishing the group transformation office, Rudi will be responsible for orchestrating Euroclear’s continued digital transformation and to monitor the progress of the implementation of its business strategy.”

Northern Trust makes senior hires in Capital Markets

Northern Trust has announced a raft of management changes in its Capital Markets unit including in the US bank’s new Capital Markets Client Solutions team.

Northern Trust announced in September four senior appointments within the institutional equity brokerage business of its Capital

Broadridge hires former JP Morgan head to lead UK consulting

Broadridge hired in August David Turmaine formerly of JP Morgan as UK lead for the fintech’s consulting services business.

Based in London, Turmaine is responsible for expanding the footprint of the fintech’s post-trade and digital asset consultancy across the UK, Europe and Asia-Pacific. He is also involved in the company’s securities finance activities, the firm said.

CIBC Mellon appoints Cullen as new CEO from BNY Mellon CIBC Mellon hired Mal Cullen from BNY Mellon as the company’s new chief executive officer (CEO), effective December 1 2022.

As CEO, Cullen will be responsible for CIBC Mellon’s strategy, client relationships and service delivery, the Canadian bank said.

Dan Smith, chair of CIBC Mellon’s Boards of Directors and head of Canada and Latin America Asset Servicing for BNY Mellon, said:

“Mal brings to CIBC Mellon a 30year track record of leadership in asset servicing and in particular extensive experience in key focus areas for clients, including data innovation, digital solutions and transformation toward more agile data-centric operating models. He has extensive experience in the Canadian marketplace, a deep appreciation for the importance of CIBC Mellon’s exceptional client service culture, and a global perspective that will help move the joint venture forward.”

SECURITIES FINANCE:

RBC I&TS promotes Chikhlia to run APAC lending

Royal Bank of Canada’s Investor & Treasury Services (RBC I&TS) has promoted Juhi Chikhlia to lead securities lending in the Asia-Pacific region.

RBC I&TS confirmed the appointment saying she will be relocating to Singapore from London. Chikhlia started her financial services career at RBC I&TS in London four years ago. Since then, she has held several analyst roles including product management graduate analyst, securities finance graduate analyst and client experience graduate analyst. More recently, she has been a securities lending trader since 2020.

OCC hires Knapp from BBH to lead lending business

The Options Clearing Corporation (OCC) has hired Oberon Knapp from Brown Brothers Harriman as executive director of participant solutions in the US clearing house’s securities lending business.

The OCC said: “Knapp will play a vital role in developing the strategy and vision for the future of our securities lending function.” Boston-based Knapp will report to Pat Hickey, OCC’s managing director of participant services and solutions.

JPM sets up new global trading services sales team

Eileen Herlihy, the current head of derivatives clearing sales, Europe, the Middle East and Africa at JP Morgan, has been promoted to lead a new global trading services sales team at the investment bank.

A spokesperson said the new team will be responsible for selling agency securities finance and collateral services products, and will also provide securities services coverage to the bank and infrastructure clients.

“This is a new global role for Eileen, partly in recognition of the fact that our clients themselves are getting more sophisticated at optimising their collateral balances and financing needs on a global basis. Eileen’s experience in clearing will be invaluable too,” they said.

Based in London, Herlihy will run the sales function for Ben Challice, global head of collateral management and agency lending at JP Morgan.

Pirum hires US head of product Veneziano

from Citi Pirum has appointed Thomas Veneziano from Citi as its North American head of product, marking the latest hire by the securities finance fintech as it continues to expand in the US.

Based in New York, Veneziano will focus on expanding the company’s product range in North America and be the local subject matter expert in supporting clients and the sales team, Pirum said.

Veneziano reports to chief operating officer and head of Americas Bob Zekraus and Rob Frost, global head of product.

He joins from Citi where he was senior vice president managing the securities finance middle office since 2011.

Mizuho appoints EMEA head of repo trading

Mizuho has promoted Vivek Patel to head of repo trading for Europe, the Middle East and Africa (EMEA).

Based in London, Patel joined Mizuho in August 2020 as vice president, emerging markets and credit repo trading from HSBC Global Banking and Markets where he was an associate for four years.

Patel replaces Amandine Triadu who held the position since June 2019. She has started a new role at Scotiabank as director, head of collateral management and funding, Europe & Asia, reporting to Robert Dias, managing director and global head of collateral management and funding, the bank confirmed.

PASLA appoints BlackRock’s Burns as new chair

The main Asian securities lending trade body has appointed Ben Burns of BlackRock as its chair effective immediately.

Burns replaces Stuart Jones of Jefferies who resigned from the position in late July, said the Pan Asia Securities Lending Association (PASLA).

PASLA said in a statement: “We would like to thank Stuart for his outstanding contribution as a PASLA director for over ten years and chair for five years. He has been instrumental in integrating our franchise with the securities lending industry and we wish him well in future endeavours.”

Burns has been a director of PASLA for over three years. As chairman, he will continue to focus on promoting open, transparent and efficient securities lending practices across Asia-Pacific, the trade body said.

Brevan Howard hires repo trader in London

Investment management firm Brevan Howard expanded in November its London office with the appointment of Wilson Chau as a fixed income repo trader.

Chau joined from Junova Capital Management where he was a repo trader for nearly four years. Prior to that he was a repo trader at Hutchin Hill Capital from 2015 until 2018. He also held vice president positions at Morgan Stanley for five years and Deutsche Bank for over 20 years.

DERIVATIVES:

Cboe makes senior sales hire in European derivatives

Cboe Global Markets has hired an SGX director for its European derivatives venue, as it looks to support volume growth amid an expansion of its product suite.

Elena Patimova, formerly director of equities and FICC at SGX, joined the US group in May, according to Cboe NL president and head of Cboe Europe Derivatives Ade Cordell.

Cordell told Global Investor: “Our new director of sales for European derivatives joins us in mid-May. We look forward to that, and further building the team over time to support that evolution.”

CME creates EMEA role amid international business rejig

CME Group created in April a head of EMEA role amid a raft of management changes in its international business including the announcement of the retirement late last year of international chief William Knottenbelt.

The Chicago-based exchange group said Michel Everaert will be its new managing director and head of EMEA based in London. Everaert has been with the firm for 11 years in its client development and sales team. He was most recently co-head of CD&S for EMEA with Serge Marston, who will now be in charge of the division.

Elsewhere, Russell Beattie was hired to replace Chris Fix as managing director and head of Asia Pacific at the firm after Fix retired in March.

Former Curve chief Ross joins Standard Chartered to run prime

The former head of LSE Group’s (LSEG) interest rates market

CurveGlobal has joined Standard Chartered in a senior role, after the closing of the venue early last year.

Andy Ross joined the London-based banking group as its global head of prime and financing segment within its financing and securities (FSS) division in late July, according to a statement seen by Global Investor Group. In addition, Ross will take up a role as head of financial markets for the UK, the announcement said.

“Prime & Financing is core to the FSS business, and I am thrilled that someone of such high calibre joining our team to further enhance the growth momentum of our business and deliver our client commitments,” Margaret Harwood-Jones, global head of FSS, said in the statement.

In his new role, Ross will report to Harwood-Jones and Molly Duffy, head of Europe and the Americas in the financial markets segment.

ZISHI hires three experts including Apprentice winner

Tim Campbell

ZISHI has hired three experts including the first winner of the Apprentice to help manage its next phase of growth just one month after the training firm span-off from prop trading group OSTC.

London-based ZISHI hired in September as its head of marketing Tim Campbell MBE, who won the first series of the Apprentice in 2005, Jeff Hearn as the firm’s new global head of innovation and digital strategy, and Claudia Martorana as a senior sales executive.

Chris Jenkins, the chief executive officer of ZISHI, said: “As ZISHI continues to grow, onboard additional large tier one institutional clients and seek out new opportunities to expand, we are really excited to welcome Tim, Jeff and Claudia into the ZISHI family.”

Eurex hires ex-Citi head of Asia

Pacific futures trading Hopkins Eurex has hired Citigroup’s former Asia Pacific head of futures trading Kris Hopkins to develop the Deutsche Boerse-owned derivatives market’s business in Asia and the Middle East. Hopkins, who left SBI Digital Markets in August after a little over a year with the digital assets firm, joined Eurex on September 12 to focus on selling the exchange’s equity and index derivatives to Asian and Middle Eastern clients. He continues to be based in Singapore.

BNP Paribas appoints UK head amid management reshuffle

BNP Paribas has appointed Emmanuelle Bury as head of the French bank’s London branch and UK country head effective March 1 2023. The bank said Bury will replace Anne Marie Verstraeten who will become vice chairwoman of BNP Paribas UK and report to Alain Papiasse, chairman of BNP Paribas CIB and of BNP Paribas UK.

“I am very pleased to welcome Emmanuelle Bury as our new UK country head. Thanks to her broad experience across the BNP Paribas Group, in various businesses, functions and geographies, I am confident that Emmanuelle has all what it takes to further build out our UK activities and reinforce our set-up,” Yann Gerardin, group chief operating officer and head of BNP Paribas CIB, said in a statement.