People: Nex loses TriOptima COO as reboot continues

Nex Group is set to lose Mireille Dyrberg, the chief operating officer of its TriOptima service – the latest in a series of departures that have followed the carving-out of the company from former owner, Icap.

Nex aims to bring together and cross-sell Icap’s portfolio of post-trade and analytics acquisitions – including TriOptima. These businesses had previously enjoyed more autonomy, according to one insider: “It’s a smart strategy, but for old-timers, it’s a lot of change.”

A spokesperson for Nex declined to comment on Dyrberg’s departure.

Mireille Dyrberg

Dyrberg joined TriOptima in 2008 as chief executive of the firm’s Europe, Middle East and Africa region. The company is best known for its TriReduce compression service, which helps banks and others manage the size of their derivatives portfolios, but also offers other portfolio optimisation and analytics services.

Dyrberg is currently handing over her responsibilities and will leave the firm in October.

She will be the third senior departure this year. In June, TriOptima’s head of sales and relationship management, Ian Hunt, left the firm. He had been with the company for more than 15 years. Per Sjoberg, the Stockholm-based firm’s then-chief executive, stepped down in February.

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HSBC has named Dave Watts chief finance officer (CFO) of its new ring-fenced retail entity, HSBC UK. The unit was created in response to the UK’s bank ring-fencing rules that require large UK lenders to separate their retail banking activities from the rest of their business.  

Watts currently serves as CFO for HSBC Bank plc in addition to holding the position of head of finance for Europe. He will continue in his current role until July 2018, when the UK entity becomes fully operational and transitions out of the rest of the banking group.

Watts will now report to both Antonio Simoes, chief executive of HSBC Bank plc, and Ian Stuart, chief executive of the ringfenced entity, as well as Iain Mackay, group finance director.

James Calladine will serve as the new entity’s chief risk officer (CRO). Calladine is relocating from Latin America, where he most recently served as regional CRO and head of wholesale credit and market risk. He will take up his new role in October, reporting to Stuart on an entity basis and Marc Moses, group CRO, on a functional basis.

Emma Bunnell has been appointed as chief operating officer (COO) for HSBC UK. She previously worked for Boston Consulting Group as a partner and managing director, heading its technology practice in the UK and Ireland.

Bunnell has previously worked in retail and corporate banking in Europe, Asia and Australia, focusing on digitisation, distribution and customer service. She will assume her new responsibilities in October 2017, reporting to Stuart and James Emmett, COO of HSBC Bank plc.

Paul Seward, meanwhile, is retiring from the HSBC Group after 33 years, having spent the past six years as UK CRO.

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Barclays has appointed Stephen Dainton as global head of equities. He will join the bank at the beginning of September. Dainton will be based in London, reporting to Tim Throsby, chief executive of the corporate and investment bank.

Dainton will be in charge of Barclays’ global equities business, spanning cash, program trading, convertibles, derivatives and syndicate. He spent more than 13 years at Credit Suisse.

While at the Swiss bank, Dainton headed global equities for the UK and Europe, Middle East and Africa (Emea) as well as leading the bank’s global markets Emea division alongside Eraj Shrivani. He joined Credit Suisse in 2003 as head of equity distribution for Emea. Before that, he worked for Goldman Sachs.

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Joram Siegel

MUFG has made a number of changes to its London credit trading team. Joram Siegel has been appointed head of credit trading and sales Emea. He will move to the firm’s London office from New York, where he has spent the past three years heading investment-grade credit trading. He previously worked for RBC, Barclays Capital and Credit Suisse.

Alex Popov has joined the bank as a director in the emerging markets credit team. He will oversee trading of Turkish sovereign, bank and corporate debt in London. He previously worked at Commerzbank in a similar role. Before that, Popov held positions at VTB Capital, Deutsche Bank and UBS.

Siegel will report to David King, chief executive of Emea securities, and Jim Higgins, international head of credit trading and sales. Popov will report to Sean O’Keeffe, head of emerging markets, Central and Eastern Europe, Middle East and Africa.

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Citadel has hired Laszlo Korsos as its chief data officer. Korsos joins from Uber Technologies, where he most recently served as lead data scientist. At Uber, he was in charge of developing pricing systems. Korsos set up Uber’s optimisation and economics quant team, which he oversaw for three years.

Before Uber, Korsos interned at the Blackstone Group and worked as a quant analyst at Nuveen Investments.

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Jefferies has appointed Peter Seccia as global head of equity derivatives, a newly created role. Seccia’s previous role was with Goldman Sachs, which he left in 2016. He became partner at Goldman in 2008 and most recently headed the North American derivatives sales business for the equities division.

Seccia started his career in J. Aron, the currency and commodities trading house later acquired by Goldman Sachs.

He will be based in New York, working with global head of equities Peter Forlenza and Matt Foulds, global head of equities distribution.

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Michael Grimaldi, chief information officer for Deutsche Bank’s corporate and investment bank, has departed the German lender and joined JP Morgan as chief information officer for its global markets business and head of global corporate and investment bank engineering.

He also becomes chief information officer for the Emea region.

Grimaldi started his career at Deutsche in 2014, leading the technology division. He had previously spent more than 20 years at Goldman Sachs, most recently as global head of securities and equity research technology, spanning fixed income, currencies and commodities, prime services, clearing, sales and core services.

Separately, Deutsche Bank’s Tom Patrick has been promoted to chief executive of the lender’s US entity and the Americas region. All heads of business divisions and infrastructure functions in the Americas and the US will now report to Patrick, as well as their existing reporting lines. In this role, Patrick will report to John Cryan, Deutsche’s chief executive.

Patrick will remain head of equities and co-head of corporate and institutional banking for the Americas, reporting to Garth Ritchie, the bank’s co-president.

Patrick joined Deutsche in 2012, having previously spent 18 years at Bank of America Merrill Lynch, where he held a number of senior roles across banking and markets.

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Standard Chartered has appointed Jens Andersen and Molly Duffy as co-heads of financial markets in the Americas region. In addition to his role as co-head of financial markets, Andersen will serve as head of trading for foreign exchange, rates and credit in the Americas.

Duffy will head financial markets sales in the region.

Andersen joined StanChart in April 2016. Prior to assuming his role at the bank, he worked as a portfolio manager at Element Capital in New York. In the past, he held a number of senior financial markets roles at Morgan Stanley.

Duffy previously worked at Credit Suisse as managing director in its global markets, key account management group. Before that, she headed macro sales for the Americas.

Based in New York, both employees will report to Chris Allington, regional head of financial markets for Europe and the Americas and Torry Berntsen, chief executive for the Americas and regional head of corporate and institutional banking for the same region.

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Wendy Phillis

Royal Bank of Canada has made Wendy Phillis its managing director of governance and regulatory solutions in Europe and Apac for its investor and treasury services division. She most recently worked at broker TP-Icap, where she served as group chief risk and compliance officer, in charge of setting the firm’s global risk management strategy and operating model. She also led the global teams within these functions.

Before moving to Icap, Phillis spent more than 16 years with State Street, where she held a number of senior roles with a focus on risk and compliance. She later became chief operating officer of the bank’s global markets division in Emea.

Phillis will be based in London, reporting to Andrea Horton, global head of governance and regulatory solutions at RBC investor and treasury services.

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Paul Shotton has been appointed as head of global risk and analytics at Crisil, an S&P company providing ratings, research, and risk and policy advisory services. The risk and analytics team provides business and IT services to front and middle offices, advice on model risk management and governance, and model validation services to clients, which include some of the largest banks.

Prior to Crisil, Shotton worked at UBS between 2008 and 2017, most recently as deputy head of the enterprise risk control and methodology team, overseeing UBS’s market risk and statistical and stress-scenario based risk aggregation methodologies.