People: Sef start-up CEOs stand down
Chief executives at Javelin Capital Markets and SwapEx move on; Deutsche Bank's Rodgers retires; RBS to wind down rates prime brokerage and OTC clearing; new blood at JP Morgan's CIB; Bagguley gets macro brief at Barclays
Two swap execution facility (Sef) bosses have left their roles only three months after Sef trading became mandatory for some products in the US – a much-anticipated deadline that has not transformed the fortunes of start-up platforms in the way they had hoped.
Javelin Capital Markets founder and chief executive James Cawley is one of those leaving, while Tomas Zikas, head of State Street’s Sef
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