Lyndon Richards has joined TP ICAP in London as head of advisory in the compliance team. He started the position on 4 November and reports to Andrew Hutt, head of compliance, Europe, Middle East and Africa. Richards previously held senior advisory roles at JP Morgan, Nomura and Newedge. He started his career in financial services at LIFFE.
“Lyndon brings extensive experience in the financial sector to his new role, ensuring that our London region has strong and knowledgeable leadership when it comes to our advisory function,” a spokesperson for TP ICAP said.
Matthew Kulkin, the former director of the US Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight since 2017, has joined law firm Steptoe & Johnson as a partner and co-chair of the Financial Services Group. Kulkin, who had previously been a Steptoe partner for two years before joining the CFTC, is based in Washington, D.C. and will work with colleagues in the firm’s Chicago and New York offices. At the CFTC, Kulkin was responsible for several capital markets initiatives, including those related to futures, swaps, cryptocurrencies, and blockchain technology. His portfolio also included the Volcker Rule, substituted compliance determinations with non-US jurisdictions, planning for a no-deal Brexit, proprietary trading firms, and uncleared margin implementation. Steptoe’s financial services group aids clients navigating regulatory and enforcement matters before the U.S. Securities and Exchange Commission, the U.S. Treasury Department, the Consumer Financial Protection Bureau, and other state and federal agencies.
CFTC Chairman Heath Tarbert announced that Melissa Netram will serve as director of LabCFTC, the agency's fintech initiative. She will fill the vacancy left when Daniel Gorfine stepped down in August. In this role, Netram will work with regulators around the world to facilitate market-enhancing innovation, inform public policy, and keep the CFTC abreast of emerging technology trends in the financial industry. She most recently worked at accounting software firm Intuit as director of global public policy and regulatory affairs. She previously served at both the U.S. Treasury and the Office of the Comptroller of the Currency as well as the McGraw-Hill Companies and the Financial Services Roundtable.
Alex Knight has joined Baton Systems, a fintech startup that uses blockchain technology to improve post-trade operations, as head of Europe, Middle East and Afica. Knight joins from Citi where he worked for 18 years in the UK, Asia and Australia, most recently as global head of sales and client coverage for Citi’s foreign exchange prime brokerage business. Prior to Citi, he was head of European sales at financial technology company SS&C Technologies. Knight will be responsible for building on the adoption of Baton’s payment infrastructure in Europe by the region’s banks and clearinghouses. In July, Baton announced it had appointed FX veteran Andrés Choussy as president and chief operating officer.
TP ICAP has appointed Joanna Nader as global head of strategy. Nader was previously managing director and head of diversified/specialty financials research at RBC Capital Markets. Before that, she spent nearly 10 years as the chief investment officer of JRJ Group, a private equity firm focused on financial services, and was the lead analyst covering speciality financials and European investment banks at Lehman Brothers, before becoming chief of staff, office of CEO, Europe, Middle East & Africa.
The supervisory board of European Commodity Clearing, a clearing house for energy and commodity products in Europe, has appointed Jens Rick to the newly created position of chief information officer, with responsibility for the operation and development of ECC’s clearing systems and IT operations. Rick was previously CIO of European Energy Exchange which, like ECC, is part of the EEX Group. Prior to this appointment in February this year, Rick worked for Deutsche Börse as director of energy IT. Previously, he led several software and consulting companies in the financial sector, with a focus on data management.
Digital Vega, an FX options trading platform provider, has made three hires in its London and Singapore offices. Simon Nursey has joined as head of Asia from Standard Chartered, where he was head of FX options trading in Asia. Prior to this, he was global head of currency options trading at BNP Paribas. Asa Attwell has been named head of product development and joins from Nomura where he was head of EMEA FX and emerging markets. Prior to this, he was head of G10 FX trading at BNP Paribas. The third hire is Laura Winkler, who has joined as EMEA relationship manager from Luxoft Financial services, where she held a similar role. Winkler has also held relationship manager roles at Currenex and Thomson Reuters.
BMLL Technologies, a data-engineering-as-a-service company, has announced that Lee Hodgkinson, CEO of global derivative trading firm OSTC, is joining the board as chairman. Hodgkinson was previously a non-executive director of BMLL, whose mission is to democratize access to granular market data and machine learning tools at scale. Hodgkinson has held senior positions across a range of exchanges and trading venues over a 30-year career. Before joining OSTC in 2018, he was CEO of Euronext London, and before that CEO of SmartPool. He has also held senior roles at SIX, NYSE Euronext, LIFFE and the London Stock Exchange and served as non-executive director of the Federation of European Securities Exchanges.
Marex Solutions, the over-the-counter derivatives arm of commodity broker Marex Spectron, has hired Scott Shellady to work on US agricultural commodity sales and the launch of its dedicated US OTC hedging entity, Marex Spectron USA. Shellady, who is based in Chicago and has almost 30 years of experience in US agricultural trading circles, joins from TJM Europe, where he was managing director. He has also worked for Trean Group and Shellady Commodities, among other organizations. Working alongside Shellady on the US market is Nick Burke, who joined earlier this year from Societe Generale’s agriculture sales team. Together they will lead the development of an OTC agricultural offering across the value chain, with Shellady focusing on producers and Burke on corporate and institutional customers.
Les Hosking has joined FEX Global as group executive of market infrastructure with responsibility for helping the Australian futures exchange launch the FEX Global Energy, Environmental and Commodities Futures Market. Hosking is the former CEO and managing director of the Sydney Futures Exchange, a position he held for15 years until 2000. During this time, he led the SFE’s conversion to automated trading, internalised clearing and settlement, and established links with exchanges in London and New York. From 2000 to 2003, Hosking was CEO of Axiss Australia before serving as managing director at the National Electricity Market Management Company. Among his many directorships, Hosking served as a non-executive director of Australian Energy Market Operator from 2008 to 2013.
BNP Paribas has appointed Theresa McCloskey as chief compliance officer for BNP Securities Corp., its registered broker-dealer and futures commission merchant. McCloskey, who was previously named interim CCO of BNP Paribas Securities Corp. in May, will report to Eric Young, chief compliance officer for BNP Paribas USA and CIB Americas. McCloskey joined BNP Paribas in 1997 to build out a compliance program covering the trading activities of the broker dealer. Through the next several years, she also provided compliance coverage to BNPP Asset Management, BNPP Financial Services, and the equities and derivatives platform. In 2015, she became CIB Americas compliance advisory head for CIB Americas functions.
The London Stock Exchange Group announced plans on Oct. 18 to consolidate its post-trade businesses into a single Post Trade division. Daniel Maguire, chief executive of LCH Group, will lead the division as group director, in addition to his current responsibilities. The Post Trade division will include LCH Group, the Italian post-trade businesses Monte Titoli and CC&G, and UnaVista, the exchange’s trade reporting business that presently reports as part of the Information Services division.
Separately, LSEG announced that David Warren, group chief financial officer, will retire from the company and step down from the board by the end of 2020. Warren will continue in his current role until the exchange operator’s acquisition of Refinitiv is completed to ensure a smooth transition, LSEG said in a statement. A global search is underway for Warren’s successor, led by the board’s nomination committee. Warren joined LSEG in 2012 from Nasdaq where he spent nine years as CEO of Nasdaq OMX. He also served as interim CEO and group CFO at LSEG from November 2017 until July 2018.
In other senior management changes, LSEG has appointed David Shalders as chief integration officer and has formed an Integration Management Office, which is led by Shalders and comprises senior managers from LSEG and Refinitiv. Shalders joins from brokerage Willis Tower Watson where he was group operations and technology director. Before this he spent 19 years at The Royal Bank of Scotland in several senior operations and technology roles, including group head of integration for the ABN Amro acquisition.
Terry Hollingsworth has joined ED&F Man Capital Markets as managing director and head of institutional sales, listed derivatives. Hollingsworth joined from Citi where he worked for nine years, most recently as global head of futures, clearing and collateral client executives. He joined Citi in 2010 as head of EMEA exchange traded derivatives clearing. Before that he worked at UBS for four years as ETD regional head of clearing and was a futures clearing manager at ABN AMRO Futures for six years before that.