People: CME hires new energy head for Asia-Pacific

Plus: Commonwealth Bank's new commods hire; SocGen's Ricke moves to UK; Icap's Apac appointment

cme
CME's Chicago HQ

Nicolas Dupuis has joined CME Group as senior director of energy products for the Asia-Pacific region, based in Singapore.

He started the new role in September and reports to Pete Keavey, managing director for energy products at CME Group.

Dupuis joins from Societe Generale, where he worked as head of the energy derivatives desk for Asia-Pacific. During his time at Societe Generale, he was responsible for sales, trading, and clearing brokers' activities. He joined the French bank in 2007. Previously, Dupuis worked at French oil major Total, in supply and optimisation as well as shipping roles.

At CME, Dupuis replaces Alan Bannister, who left the role earlier this year to join price reporting agency Platts.

 

Commonwealth Bank has appointed Jason Dunn as global head of commodities structuring in Singapore, according to a source familiar with the move.

Prior to joining the Australian bank in September, Dunn worked for Noble Group as a director of client solutions. Noble Group has seen a number of departures over the past few months as the Hong Kong-based commodity trading firm's shares slumped due to repeated questions over its accounting practices. One of the most senior departures, that of founder and executive chairman Richard Elman, was announced by the firm in June.

 

Sadia Ricke, Hong Kong-based head of global finance for Asia-Pacific at Societe Generale, has been appointed as chief country officer for the UK.

Ricke will report to Thierry D'Argent and Sylvie Remond, co-heads of coverage and investment banking. She will move to London for her new position, which she will begin from January 1, 2017.

She will replace Paris-based Ian Fisher, who on October 1 became head of the culture and conduct programme.

Fisher, who reports to Frédéric Oudéa, chief executive of Societe Generale, will maintain his role as group country head for the UK and head of the coverage and investment banking division in the UK until the end of 2016.

Meanwhile, Stephen Swift, deputy head of global syndicate, will become head of global finance for Asia-Pacific on January 1, 2017.

In Hong Kong, Swift will report to Hikaru Ogata, chief executive of Societe Generale in Asia-Pacific, and Pierre Palmieri, global head of global finance.

 

The governor of the Central Bank of the Republic of China (Taiwan) is set to step down in 2018 at the end of his fourth term. Perng Fai-nan, who is Asia's longest serving governor, has said he will not seek a fifth term after 20 years in the post.

Since becoming governor, Perng has looked to improve wage growth with a view to encouraging consumption and consequently boosting economic growth. His successor is yet to be named and will be appointed by the island's president, on the premier's recommendation, in accordance with Taiwan's Central Bank Act.

 

Interdealer broker Icap has appointed Guy Rowcliffe as its head of Asia-Pacific for post-trade risk and information services (PTRI), with responsibility for Asia-Pacific regional strategy for the PTRI business, and for representing the company in its dealings with regulators, industry bodies and committees.

In addition to the newly created role, Rowcliffe will continue to fulfil his current duties as chief executive of Reset, the post-trade derivatives risk mitigation business (then called Switchfix) that Icap acquired in 2008, and will report to Jenny Knott, chief executive of the Icap PTRI division.

He has more than 20 years of experience in post-trade services and interest rate derivatives markets in Asia and London, having spent the first half of his career as an interest rate derivatives trader.

 

Jacqueline Loh, deputy managing director at the Monetary Authority of Singapore (MAS), has been appointed the chair of the Bank for International Settlements' Markets Committee. She succeeds Guy Debelle, deputy governor of the Reserve Bank of Australia, who has chaired the committee since June 2013.

At the MAS Loh oversees central banking functions of monetary policy, and markets and investments. She also heads the development and international group as well as the fintech and innovation group.

 

Singapore-based Jonathan Paul, former global head of financial markets at Standard Chartered, left the bank on September 30 to pursue other interests.

Paul first joined Standard Chartered in Singapore in April 2015. In 2008, he founded hedge fund Ardmore Park Capital and held the position of chief executive and chief risk officer.

Singapore-based Neh Thaker and London-based Chris Allington, global co-heads of forex, rates and credit, have stepped in to Paul's position on an interim basis. They report to Simon Cooper, chief executive of corporate and institutional banking.

Both Thaker and Allington had been appointed global co-heads of forex, rates and credit in December 2015.

 

The Reserve Bank of India (RBI) has replaced G Mahalingam as executive director, after he voluntarily retired from the institution. M Rajeshwar Rao has been appointed in his stead.

As executive director, Rao will oversee the department of statistics and information management, the financial markets operations department and the international department. Prior to taking over as executive director, Rao acted as chief general manager for the financial markets operations department.

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