People moves: Eurex picks Peters as CEO, Citi appoints Italy duo as MSS co-heads, ORX reshuffles board, and more

Latest job changes across the industry

Eurex's Michael Peters is now chief executive officer

Derivatives exchange Eurex has appointed Michael Peters as chief executive officer. Peters has served on Eurex’s executive board since rejoining the firm in 2006, becoming vice-chairman then deputy CEO in 2016. He was previously head of projects at OMX AB in Stockholm – now Nasdaq Nordic – and for both Eurex and Deutsche Börse in the 1990s.

Peters’ appointment is among several executive board moves at Eurex and Eurex Clearing, and at their shared parent Deutsche Börse. Outgoing Eurex CEO, Thomas Book, becomes chairman of the management board of the Frankfurt Stock Exchange, also owned by Deutsche Börse. Book assumes the role previously held by Hauke Stars, who announced her intention to resign in late 2019, following an eight-year term at the company.

Meanwhile, Randolf Roth takes on responsibility for equity and index derivatives, client service trading and clearing at Eurex, He joined the board in 2016 and has worked for the exchange in several cities since 1999.

Jonas Ullmann joins the exchange’s board as chief operating officer (COO). He will also supervise trading design and delivery. Ullman was previously in charge of market functionality in Eurex’s market design arm.

Jens Janka joins the board of Eurex Clearing as COO with responsibility for clearing design and delivery. He succeeds Heike Eckert, who takes up the newly created human resources and compliance division of the Deutsche Börse board.

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Stephen Shapiro becomes group general counsel at Barclays from August 1. Previously company secretary, he retains this role alongside his new duties. He succeeds outgoing general counsel Bob Hoyt, who remains with the bank in an advisory vice-chairmanship until the end of the year. Shapiro, who joined Barclays in 2017, will become part of the group’s executive committee.

Before joining Barclays, Shapiro was group company secretary and deputy general counsel at brewing company SABMiller. He will report to CEO Jes Staley and group chairman Nigel Higgins.

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Aegon Asset Management has appointed Russ Morrison (pictured) as global chief investment officer for its fixed-income investment platform. Morrison will lead the fixed-income investment staff, including credit research, and becomes a member of the management board. He succeeds Kirk Buese, who served as interim chief investment officer. Buese is retiring after several decades at the firm and will assist in the transition.

Morrison previously served as an executive managing director at Barings, having worked for 14 years at Babson Capital, which became part of Barings in 2016. He reports to CEO Bas NieuweWeme.

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Citi has appointed Cristina Paviglianiti and Luca Sabbatini its Italy co-heads of markets and securities services (MSS). They will oversee governance and strategy of these areas in the region. Paviglianiti joined the firm in 2006. She began her career in sales for Citi’s fixed-income arm in London. Sabbatini joined the fixed-income team in 2010. They became co-heads of the fixed-income sales team for Italy in 2013. Prior to Citi, Paviglianiti was a director at ABN Amro. Sabbatini worked in fixed income at Barclays.

The new co-heads will report to Citi’s head of markets for western Europe, Fabio Lisanti, MSS board member Christian Spieler of Citigroup Global Markets Europe, and Citi’s Italy country officer Leopoldo Attolico.

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Asset manager Schroders has appointed Andy Howard (pictured) global head of sustainable investment. He joined the firm in 2016 as head of sustainable research and worked on the development of Schroders’ environmental, social and governance toolkit. He reports to global head of investment, Charles Prideaux. Howard previously held positions at McKinsey and Goldman Sachs. His new role will combine his sustainability research work with stewardship activities.

Jessica Ground has stepped down as global head of stewardship, having worked for the firm since joining its investment division in 1997.

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Operational risk association ORX has made several changes to its board of directors. The group — which contributes monthly columns on operational risk losses to Risk.net — has a board of 10 members and one external director, all of whom are finance professionals at member firms.

Lisa Broomer, who is head of operational risk management at JP Morgan Chase, becomes ORX chair. She takes over from Mark Cooke, who chaired the board for three years; Cooke is group general manager at HSBC.

Claudia Meyer becomes vice-chair of finance. Meyer, who is head of operational risk, reputational risk and governance at Allianz SE, will work alongside vice-chair of services, Giulio Mignola, Intesa Sanpaolo’s head of enterprise risk management.

Three new members join the board: Letitia Smith, group director of conduct, compliance and operational risk at Lloyd’s Banking Group; Sarah Turnbull, head of enterprise operational risk and compliance at ANZ, and Jedediah Turner, head of risk governance, reporting and operations at TIAA. Hamish Lock, a vice-president at RBC, and Howard Stein, who chairs the audit committee of AIG Federal Savings Bank have left the board.

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Steven Maijoor (pictured), chair of the European Securities and Markets Authority, will depart the regulator in March 2021. He will have served two five-year terms, the maximum allowed for a chair.

Esma has begun the process of seeking a replacement. He assumed the role of chair of the authority in Spring 2011, and was previously managing director at the Netherlands Authority for the Financial Markets.

He has also held the chairmanship of the International Forum of Independent Audit Regulators and was dean of the School of Business and Economics at Maastricht University in the Netherlands.