Equity derivatives structuring veteran Stephane Mattatia has resigned from Societe Generale Corporate & Investment Banking and is moving to a competitor, Risk.net understands. His most recent position was global head of product strategy for equities and derivatives in Paris.
Mattatia started at SG in 2005, in the pricing and structuring team. He was promoted to global head of engineering in the global equity flow division in 2009, and in 2014 became global head of the macro group, before moving to his latest position in 2017.
While at SG, Mattatia conceived several hedging strategies and investable index products. He also led the development of the first exchange-traded funds linked to dividend derivatives, and a dynamic short-Vix allocation strategy that was effective during February’s volatility.
Most recently he worked with an expert in artificial intelligence and robotics, Martin Ford, and index provider Solactive on SG’s Rise of the Robots index – a benchmark representing a basket of stocks benefiting from the development of artificial intelligence, automation and robotics.
Mattatia is moving at a time when several banks are reinforcing their equity derivatives operations after a spike in volatility encouraged trading. Major US banks such as Goldman Sachs and Citigroup have bolstered their equity derivatives desks in the past few months.
Sam Wisnia, global head of rates and foreign exchange at Deutsche Bank in London, left in March, according to a source.
Wisnia has joined Edward Eisler’s London-based $2.6 billion global macro hedge fund Eisler Capital, Risk.net understands. He started as deputy chief investment officer on April 16.
Societe Generale Corporate & Investment Banking (SG CIB) has named new sales heads within its global markets division.
Julien Lascar has been promoted to head of global markets sales for Europe excluding France. He is based in London and reports to Yann Garnier, head of sales for global markets. The appointment was effective from April 16 and is in addition to Lascar’s current role as head of cross-asset sales for Europe excluding France.
Lascar joined SG in 2003 and has held several management positions within the markets business, including head of distribution and equity solutions for Asia and head of sales for Latin America.
Inhwan Oh will be appointed head of global markets sales for Asia-Pacific, subject to regulatory approval. He will report to Jerome Niddam, head of global markets for Asia-Pacific, and to Garnier, who held both of those roles until earlier this year.
Oh joined SG in 2010 and has worked in top roles covering South Korea. His previous employers included Merrill Lynch, Bank of America and South Korea’s Financial Supervisory Service.
BNY Mellon has hired Nancy Reyda as chief operating officer for technology and Joseph Sieczkowski as head of technology architecture and data. Both are based in New York and report to chief information officer Bridget Engle, according to a spokesperson.
Reyda previously worked at Bank of America, leading transformation and change in business management, risk and controls. She ran the global banking and markets technology division and implemented its technology operating model. She has also held positions at Barclays Capital, Chevron, Deutsche Bank and Goldman Sachs.
BNY Mellon said Reyda’s new duties will include streamlining the firm’s technology operating model, leading the strategic planning process, managing the portfolio of technology investments and strengthening the technology risk and control framework and culture.
Sieczkowski was formerly senior managing director and chief architect for financial services firm TIAA, where he built an analytics platform. He has also previously worked at Bear Stearns, Deutsche Bank and Lehman Brothers.
“Joe will play an integral role in helping BNY Mellon reinvent the way we use data to reduce risk, increase resiliency and enable innovative services,” the bank said.
BNY Mellon has also appointed Hood Qaim-Maqami as head of client service delivery technology and shared/corporate services technology. Reporting to Engle, he will be based in New York.
BNY Mellon’s client service delivery division manages investment monitoring, measurement and processing services for the bank’s clients.
Qaim-Maqami has been tasked with leading the bank’s automation efforts and helping foster closer relations between technology and the business, Engle said in a statement.
Mauricio Sada-Paz will join Barclays as global head of electronic fixed-income, currencies and commodities sales on July 2, Risk.net understands.
He has resigned from his dual role as head of electronic fixed-income, currencies and commodities sales and global head of electronic forex sales at Bank of America Merrill Lynch.
His departure comes two months after that of Liam Hudson, global head of forex e-commerce.
Barclays also says Hamza Hoummady, European head of interest rate options, has left. Risk.net understands he is moving to Goldman Sachs. When contacted about his next role, he declined to comment.
Dominique Blanchard joined Crédit Agricole Corporate & Investment Bank on April 23 as Asia-Pacific head of the global markets division.
Blanchard is based in Hong Kong and reports to Gene Kim, who heads the bank’s global markets business in the Americas, Asia, the Middle East and Africa, and to Michel Roy, senior regional officer for Asia-Pacific. He is set to join Crédit Agricole CIB Asia-Pacific Management Committee.
Previously, Blanchard was global head of sales and debt capital markets at Australia and New Zealand Banking Group. He has also worked for Daiwa Securities, running global financial product activities, and before that he spent more than 15 years at the Crédit Agricole group, with his last position being deputy head of the fixed-income division.
Roberto Virreira joined State Street in London in February as a director of interest rate risk in the banking book (IRRBB).
His responsibilities will include developing a target operating model to implement rules due to be drafted by the European Banking Authority. The EBA ran a consultation on guidelines for the management of IRRBB between October and January.
Virreira said at a Risk.net conference in November that the EBA’s definition of credit spread risk in its consultation was unclear, because it did not distinguish between actual spread exposure and the margin charged by the bank on credit.
Virreira’s previous role was senior manager of IRRBB policy at Standard Chartered, also in London. He was responsible for redesigning the bank’s IRRBB framework in line with the final Basel Committee standards produced in April 2016.
As the new framework is complete, Standard Chartered is not directly replacing Virreira. Instead, Risk.net understands the team has been reshuffled, with Alastair Gunn taking responsibility for implementing the new IRRBB framework. Gunn joined Standard Chartered after leaving RBS, where he had been in charge of asset and liability management in the team preparing for the abortive separation and sale of small business lender Williams & Glyn until January 2017.
Credit Suisse Founder Securities (CSFS), a joint venture between the Swiss bank and Founder Securities in China, has named a chief strategist and an executive director in its research department. The appointments are part of Credit Suisse’s efforts to boost its research and equities trading capabilities ahead of the formal inclusion of China A-shares in MSCI’s benchmark indexes, the bank said in a statement.
Li Chen, previously China A-share strategist at Credit Suisse, has moved to CSFS as chief strategist to lead its A-share coverage. Chen will work with Credit Suisse’s Hong Kong and China equity research team to deliver investment ideas focused on the A-share market to both domestic and international clients, reporting to CSFS chief executive Mingshen Wang.
Herman Chan Hiu Chun has joined the venture’s research department as executive director, reporting to Li Chen.
China A-shares will be included in MSCI’s key global benchmark equity indexes in June. The move is a major milestone in internationalising the world’s second-largest stock market, and is expected to attract more international funds, Credit Suisse said.
The London Stock Exchange Group has appointed David Schwimmer as chief executive, it said in a statement. He is due to join the group on August 1, and will be a member of the board of directors.
Schwimmer has spent 20 years at Goldman Sachs, where he was most recently global head of market structure and global head of metals and mining in investment banking.
Mark Yallop joined financial technology firm OpenFin in London in the fourth quarter of 2017 as a non-executive board director.
His role will be to help drive the firm’s strategic direction, providing oversight and advice. OpenFin has built an operating system to enable the development of financial desktop applications.
Yallop currently serves as an independent member of the Prudential Regulation Committee at the Bank of England and as chair for the Fixed Income, Currency and Commodities Markets Standards Board. Previously he was UK chief executive at UBS, responsible for investment banking, wealth management and asset management activities.
His other former roles include chief operating officer positions at Icap and Deutsche Bank and he was also a board member at the International Swaps and Derivatives Association.
Rosenthal Collins Group has hired Steve Ivey as chief risk officer and executive vice-president, it said in a statement. Ivey, who joined in April, reports to Richard Mackey, RCG deputy president, and is based in Chicago.
Ivey previously worked at the OCC, formerly known as the Options Clearing Corporation, where he served as vice-president of market risk and default management from 2013 until last October, and as vice-president of stress testing and liquidity risk management since then. Overall, he has worked in financial risk management for more than two decades.
Mark Curtis has been named global head of sales and marketing at Mariner Investment Group, the company said in a statement. According to a spokesperson, Curtis is based in New York and reports to Mariner’s Operating Committee.
He joins from systematic macro manager Winton Capital, where he was co-head of Americas Investment Solutions. Previously, he has held senior roles in global banking and markets, and global wealth management at Merrill Lynch.
Didier Bouillard has been appointed chief executive and member of the board of directors at software provider Calypso Technology. He is based in London.
Bouillard has spent more than 20 years in the capital markets technology industry. He most recently served as chief executive of Ullink, a connectivity and trading services provider.
Rothschild & Co has announced that Alexandre de Rothschild will take over from his father David as chairman of the investment bank. David de Rothschild will join the bank’s supervisory board on May 17, replacing Eric de Rothschild as chairman.
Alexandre de Rothschild joined the group in 2008 to focus mainly on establishing the merchant banking division. Previously he worked for Bear Stearns and Bank of America.
David de Rothschild has worked for the group for more than 40 years. He was appointed chairman in 2012.
Mireille Dyrberg has joined data engineering technology company Duco as chief operating officer. She is based in London and reports to chief executive Christian Nentwich, a spokesperson says.
She was previously at Nex Group’s TriOptima service, where she was chief operating officer and formerly chief executive for Europe, the Middle East and Africa. Earlier on in her career she worked as global business manager for rates at Dresdner Kleinwort.
Mark Brown started at Willis Towers Watson in April as global product leader in life financial modelling, the advisory and broking company said in a statement. He is based in London and reports to Joel Fox, managing director of insurance consulting and technology, a spokesperson says.
Brown comes from banking and payments technology provider FIS, where he was product leader for risk management platform Prophet and specialised in governance, Solvency II and International Financial Reporting Standard 17.
Briget Polichene became chief executive of the Institute of International Bankers on April 23, according to a statement by the lobby group for foreign banks in the US. She is taking over from Sarah Miller, who has served in the role since November 2010.
Polichene is based in Washington. Her previous roles include general counsel to the House Financial Committee and general counsel to the Financial Institutions Subcommittee. She has also advised a number of financial institutions including Citigroup and MetLife on regulatory compliance.
Regulatory reporting services firm RegTek.Solutions has appointed Ruwan Weerasekera to its board of directors, it said in a statement. He is based in London and acts as a strategic adviser for RegTek.Solutions, a spokesperson says.
Weerasekera is also a senior independent non-executive director for ICBC Standard Bank, where he chairs the remuneration committee and sits on the board’s audit and risk committees. He also serves as an independent consultant to financial services organisations on strategy, operations, technology, conduct and culture, and acts as an expert witness and adviser in financial crime cases.
His previous experience includes senior positions at UBS.
Michael Cole-Fontayn has been named the new chairman of the Chartered Institute for Securities and Investment (CISI). He will formally take up the role in October when current chairman Alan Yarrow retires.
Cole-Fontayn is chairman of the Association of Financial Markets in Europe, a position he will continue to hold alongside his new role. Previously he had a 35-year career at BNY Mellon.
Additional reporting by Philip Alexander, Helen Bartholomew, Lukas Becker, Narayanan Somasundaram and Eva Szalay
Editing by Olesya Dmitracova
The week on Risk.net, May 12-18, 2018Receive this by email