Nitin Gulabani, global head of foreign exchange, rates and credit at Standard Chartered, is to leave the bank by the end of the year.
Gulabani first joined in 2007 as global head of interest rate derivatives in Singapore, reporting to Michael Bass, then-global head of rates and forex.
Before joining StanChart, Gulabani worked at Deutsche Bank for 11 years. After starting as a swaps trader in London in 1995, he rose through the ranks to become head of the bank's global currencies and commodities team in Asia-Pacific.
His responsibilities will now be split between Chris Allington and Neh Thaker, who have been appointed as global co-heads of forex, rates and credit. Both will report to Jonathan Paul, global head of financial markets at StanChart.
Allington was previously head of forex and regional head of forex, rates and credit for Europe. In his new role, he will continue to be based in London.
Since joining the bank in 2013, Thaker has served as head of options and platforms. In his new role, he will be based in Singapore.
Separately, Chris Knight, head of e-trading (east) for forex, rates and credit, is leaving to pursue other interests, the bank says.
Mike Bagguley, London-based head of macro products at Barclays, has been promoted to chief operating officer of Barclays Investment Bank.
Bagguley first joined the bank in 2001, and previously held senior roles including head of US dollar derivatives trading and global head of foreign exchange and commodities.
He is now a member of the executive board and reports directly to Tom King, New York-based chief executive of Barclays Investment Bank.
Replacing him are Robert Bogucki and Nat Tyce, Barclays' co-heads of macro trading, who will share his responsibilities as co-heads of macro business.
Bagguley's promotion comes after former chief operating officer Justin Bull left the bank.
Santander has appointed Gian Luca Fetta as London-based global head of foreign exchange.
In the newly created role, Fetta will focus on consolidating all the bank's forex flows in a single common platform, the bank says.
Fetta, who began his new role at Santander on November 23, previously worked at Societe Generale, where had been since 1998. Having joined as a trader on the Italian equity volatility desk, he rose to become global head of forex before leaving earlier this year.
Commerzbank has promoted Marcus Chromik, its chief credit risk officer, to the post of chief risk officer (CRO). He replaces Stefan Schmittmann, who will become a strategic adviser to the German bank.
Chromik joined Commerzbank in 2009 and previously served as chief market risk officer for its corporates and markets segment, with responsibility for market and liquidity risk management. He previously held roles at US-based consultancy firm McKinsey & Company and German lender Postbank.
He will assume his new role on January 1, 2016, subject to approval by the European
Raghuram Rajan began a three-year term as vice-chairman of the Bank for International Settlements (BIS) on November 10, after being elected by the 21-member board of directors.
Rajan, who is governor of the Reserve Bank of India, first joined the BIS board of directors in December 2013. Previously, he served as chief economic adviser to India's finance ministry and as a chief economist of the International Monetary Fund. His election fills a vacancy left by the earlier resignation of former Bank of Japan governor Masaaki Shirakawa.
New York-based index provider MSCI has hired Alvise Munari as managing director and head of client coverage for Europe, the Middle East and Africa (Emea).
Until July 14, Munari had been at Morgan Stanley, where he had served as global head of equity derivatives sales and financial engineering. He previously held senior positions at Bank of America Merrill Lynch, where he was head of multi-asset structured product and flow equity derivatives distribution for Emea. Prior to that, he was head of equity and interest rate structuring at Goldman Sachs.
Munari will be based in London and report to Laurent Seyer, MSCI's London-based global head of client coverage.
London- and New York-based risk management vendor NetOTC has hired Roger Liddell, previously chief executive of London-based central counterparty LCH.Clearnet, as chief executive.
Liddell became an adviser to NetOTC in 2011 and was appointed as a non-executive board member in 2013. Before joining LCH.Clearnet, he worked at Euroclear and as head of global operations at Goldman Sachs.
Founded in 2011, NetOTC develops risk management and risk mitigation solutions for bilateral over-the-counter derivatives.
The European Securities and Markets Authority (Esma) has elected two new members to its management board of national regulators: Lourdes Centeno, from the Spanish Comisión Nacional del Mercado de Valores; and Elisabeth Roegele, of German regulator Bafin.
The pair replace Kostas Botopoulos, president of the Hellenic Capital Market Commission, and Martin Wheatley, former chief executive of the UK Financial Conduct Authority, both of whom have stepped down.
Klaus Kumpfmüller, executive director of the Austrian Financial Market Authority, was also re-elected to the board on November 5.
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