The U.K. government announced the appointment of Charles Randell, a prominent financial services lawyer and government adviser, as the chairman of the Financial Conduct Authority, starting in April. He is currently an external member of the Prudential Regulation Committee of the Bank of England and a nonexecutive board member of the Department for Business, Energy and Industrial Strategy. Randell worked at the law firm of Slaughter and May from 1980 to 2013, becoming a partner in 1989. During the financial crisis, he advised the U.K. Treasury on the resolutions of several banks and building societies as well as the government's investments into RBS and the merged Lloyds/HBOS. He also advised the Portuguese Ministry of Finance on the recapitalization of the Portuguese banking sector. He will replace John Griffith-Jones, who has served as FCA chairman since April 2013.
In related news, the Financial Conduct Authority appointed Nausicaa Delfas as executive director of international, reporting to Andrew Bailey, the FCA's chief executive. She will be responsible for the FCA’s strategy for international engagement and will lead relationships with foreign regulators, governments and other stakeholders. She will also lead the FCA’s response to the U.K. withdrawal from the EU and its impact on the financial sector. Delfas, who joined the FCA's predecessor, the Financial Services Authority, in 2000, has been the FCA's acting chief operating officer since November 2016. Before that she held several senior roles in the agency's supervision, risk and policy divisions. The FCA also announced that Georgina Philippou, who had taken a leave of absence, has returned to her role as chief operating officer, taking over from Delfas.
ABN Amro Clearing Bank announced several changes within its management team in Europe. Frederik ten Veen was appointed chief risk officer. He joined the clearing firm in 2007 and has been chief risk officer, Europe since 2012. Robbert Booij was appointed chief executive officer for Europe, taking over that role from ten Veen. He previously was the head of the firm's London branch and U.K. country executive for the parent bank. James Egan has been appointed to replace Booij as head of the London branch while continuing in his current role of chief commercial officer for Europe.
CME Group announced two senior sales appointments in Europe and Asia. Michel Everaert was named head of sales, Europe. He has worked at CME since March 2011 and most recently served as international head of sales for the exchange's commercials team. He is replacing Kevin Collins, who is retiring from CME in April 2018. Tim Smith was appointed head of sales, Asia. He joined CME from Deutsche Securities Asia where he was head of listed derivatives for Hong Kong. He replaced Patrick Chan, who left the exchange in May. Everaert will be based in London and Smith in Hong Kong. Both report to David Hartney, the exchange's global head of client development and sales.
TP Icap hired Michel Planquart as global head of client relationship management. He is based in London and reports to Niccolas Breteau, chief executive officer of the group's global broking businesses, which covers rates, FX and money markets, equities, credit and local markets. Planquart previously worked at Citi, where he managed client relationships across EMEA investor services and headed sales for futures, clearing and collateral management.
Veteran industry executive Lee Hodgkinson plans to step down in April from his position at Euronext after nine years at the exchange. He will join OSTC, a London-based proprietary trading firm, as chief executive officer. Mark Slade, the current CEO, will assume the newly created role of vice chairman. At Euronext, Hodgkinson serves as head of markets and global sales for the group as a whole and chief executive of its London subsidiary. Earlier in his career he led sales and client coverage in Europe and Asia for Liffe and served on the management board of SIX Swiss Exchange. OSTC Chairman Jonny Aucamp said in a statement that Hodgkinson's experience with working in the highly regulated environment for exchanges positions him well to “drive OSTC's expansion at a transformative time in our industry.”
Citadel Securities, the market making and brokering arm of Citadel LLC, hired Jonathan Finney as director for European business development, a newly created role. He joined the firm from Fidelity International, where he was the head of systematic trading for Europe and the Americas. In that role he developed a systematic framework for broker selection, analysis and allocation for options, futures and electronic equity trading, and oversaw internal and external due diligence regarding the selection of trading venues. At Citadel Securities, he will oversee electronic trading relationships with European banks, brokers and exchanges and focus on identifying new business opportunities across Europe. He will report to Remco Lenterman, head of global business development.
Eurex hired Adam Husted as co-head of relationship management for the exchange's clearing member partnership program. He is based in London and reports to Philip Simons, global head of fixed income and FX derivatives trading and clearing sales. Husted previously was head of European sales at CloudMargin, a provider of collateral management solutions to the derivatives industry. Earlier in his career he worked at CME Clearing Europe as head of clearing and business development. Eurex also announced that Ricky Maloney has returned to the exchange to lead its buyside fixed income trading and clearing sales. He previously worked at Eurex from 2013 to 2015, then moved to Old Mutual Global Investors as a business manager for its fixed income products.
CME Group announced that Leo Melamed and Jack Sandner will retire from the company's board of directors at the end of their terms in May. Both will serve as consultants for CME for a further two years. Melamed, one of the central players in the creation and development of the financial futures markets, was CME chairman from 1968 until 1976 and held various leadership positions at CME for more than three decades. Sandner, a member of CME for more than 45 years, served several stints as chairman. He also served as chairman of E*Trade Futures from 2003 to 2013 and as president and CEO of RB&H Financial Services, a futures commission merchant and clearing firm, from 1985 to 2003.
Gary Gensler, the former chairman of the Commodity Futures Trading Commission, has been appointed senior lecturer at the MIT Sloan School of Management, where he will teach graduate classes on public policy and global markets. He also will serve as senior advisor to MIT's Media Lab, which will include working with the Lab's digital currency initiative and a project on the ethics and governance of artificial intelligence.
The London Metal Exchange appointed former U.K. regulatory official Gavin Hill as a senior member of its compliance team and the designated chief compliance officer for LME Clear, its clearinghouse, with effect from March 19. He joined LME from the World Federation of Exchanges where he has been head of regulatory affairs since 2015. Before that he worked for 14 years at the U.K. Financial Conduct Authority, where he had a variety of roles related to market infrastructure. He will report to Kirstina Combe, head of regulation and compliance for the LME Group.
BMO Capital Markets promoted Vincent Mattera to global head of listed derivatives clearing operations. He is based in the company's New Jersey office and oversees the bank's listed derivatives clearing teams in Toronto and New Jersey. He previously was head of U.S. listed derivative clearing operations.
The Depository Trust & Clearing Corporation promoted Jennifer Peve to managing director, business development and fintech strategy. Peve joined DTCC in 2015 from CME Group's cleared OTC business and has been serving as DTCC's co-head of fintech strategy.
The European Energy Exchange, the commodity-focused subsidiary of Deutsche Börse, made two hires for its London office. Isabella Kurek-Smith joined the exchange from LCH as senior key account manager, global commodities. She will focus on freight and shipping-related products and will report to Egbert Laege, the chief executive officer of the exchange's Cleartrade subsidiary and member of the EEX management board. Peter Blogg joined from CME Group as senior manager, agricultural commodities. He reports to Sascha Segal, head of agricultural commodities.
Bittrex, a U.S.-based trading platform for cryptocurrencies, announced the hiring of three senior executives, including two former U.S. government officials, to help manage the company’s rapid growth and ensure compliance with the emerging legal and regulatory environment. Jim Waschak, a former Amazon executive with high-level experience in managing IT infrastructure, information security and payments infrastructure, joined the company as chief operating officer. He will lead the company’s business, technical operations and administrative functions. Kiran Raj joined the firm as chief strategy officer. He previously was a partner at the law firm of O'Melveny & Myers, a deputy general counsel at the U.S. Department of Homeland Security Department, and senior counsel at the Justice Department.John Roth joined the firm as chief compliance and ethics officer, with responsibility for ensuring that the company remains in compliance with the evolving legal landscape. He previously served as Inspector General of the Department of Homeland Security and before that worked at the Justice Department for 25 years. Bittrex, which participated in the 2016 FIA Innovators Pavilion, was created by several former tech industry security professionals. The company estimates that it ranked as the third most active cryptocurrency trading platform in the world by volume as of December 2017. "Our mission is to develop the most trusted cryptocurrency exchange in the world, and we believe the breadth of experience that these individuals bring will be critical to achieving that goal," said CEO Bill Shihara (pictured). "They will drive our enduring commitment to foster a secure and regulated trading environment that creates more opportunities for blockchain technology and the future of finance and security.”
Predata, a New York-based fintech startup specializing in predictive analytics, announced two hires to accelerate the company’s next growth phase. Hazem Dawani, the former chief executive officer of OptionsCity Software, has joined the company as chief executive officer with responsibility for setting the go-to-market strategy and managing all aspects of the business. Dawani spent the past 10 years at OptionsCity, where he led the business through various growth stages culminating in the sale of the company in June 2017 to Vela Trading Systems. Predata also hired Joel Meyer, a former staffer at the National Security Council and the Department of Homeland Security, to develop business with corporate and government partners. Predata, which participated in FIA’s 2017 Innovators Pavilion, was founded in 2015 and is developing a predictive analytics platform that anticipates political events and market moves. “We’re really fortunate to have Hazem join Predata as our CEO,” commented James Shinn, the company’s co-founder and its chief executive for the last the three years, who is moving to the role of chairman. “He’s an accomplished entrepreneur, a talented software engineer and has a sophisticated mastery of finance. With Hazem’s risk management and trading expertise and Joel’s experience in the public sector, Predata now has the talent and leadership to succeed in our next stage of growth.”
Rosenthal Collins Group promoted Jason Manumaleuna to president and Richard Mackey to deputy president. Manumaleuna previously was executive vice president and chief financial officer, and Mackey was executive vice president, strategic initiatives. They have a combined 45-year history in the futures industry.
PhillipCapital USA, the Chicago-based futures and securities brokerage subsidiary of Singapore's PhillipCapital Group, appointed Maureen Downs as special advisor, providing strategic guidance to the firm's executive management team. Downs joined PhillipCapital from Rosenthal Collins Group, where she had been president. She is also vice chair of the National Futures Association, a member of FIA's board of directors, and chairman of FIA Tech's board of directors.
Flow Traders, the Amsterdam-based proprietary trading firm, promoted Diederick Dorst to global head of regulatory compliance, market structure and advocacy. He was previously global head of legal and compliance.
Joanne Moffic-Silver retired from CBOE Global Markets after 37 years at the company. Patrick Sexton, previously the deputy general counsel, was promoted to take her place as executive vice president, general counsel and corporate secretary.