Citi has expanded the role of Thomas Treadwell, naming him head of over-the-counter (OTC) clearing for Europe, the Middle East and Africa (Emea), in addition to his current responsibilities as Asia-Pacific head of OTC clearing, it says in a statement. Treadwell will be relocating to London. He has more than 15 years of OTC derivatives experience, and has been with Citi for more than seven years, after previously working at Barclays and Lehman Brothers.
During Treadwell’s time at Citi, he has contributed to building the OTC clearing franchise of the futures, clearing and collateral management (FCC) business, an area in which the bank says it is investing and focusing on.
The business, headed by Jerome Kemp globally, made some senior appointments in 2017, including Sabrina Wilson, who joined from Deutsche Bank as Emea head of FCC and global head of electronic trading for listed derivatives, and Jason Massey, moving to Citi from Morgan Stanley to take up the role of Emea head of sales for FCC.
Treadwell will continue reporting to Chris Perkins, global head of OTC clearing globally, and Ian Nissen for the Asia-Pacific region, and in addition will report to Wilson in his new role, says a Citi spokesperson.
Credit Suisse has internally announced the appointment of Eugene Budovsky as the head of low-touch trading in Australia. He joins in August, and will report to Mark Malouf locally, and to Raj Mathur and Ross Whittaker regionally. Budovsky joins Credit Suisse from Deutsche Bank, where he led its leading electronic equities execution business in Australia ,while also being responsible for platform development for the broader equities team.
The Swiss bank has also named Melissa Cooper head of low-touch sales in Australia, reporting to Budovsky. Cooper comes from the Australian Securities Exchange. Prior to this, she spent 10 years in the trading division of Citigroup.
These appointments come as Credit Suisse rolls out its next-generation algorithmic trading platform – AES 2.0 – across the region.
Societe Generale Corporate & Investment Banking has appointed Thomas Decouvelaere head of financial engineering for global markets in Asia. He will succeed Jerome Niddam, who was recently promoted to head of global markets for Asia. Decouvelaere has more than 15 years’ industry experience across asset classes, with a particular focus on fixed-income financial engineering in Europe. He was most recently head of European fixed-income pricing.
The French bank has also appointed Mark Liu the country head of its Taiwan office, replacing Godwin Chang, who will retire at the end of June. Liu, who was previously head of markets for Taiwan, will report directly to Hikaru Ogata, chief executive for the Asia-Pacific region. The appointments are subject to regulatory approval.
JP Morgan has appointed Mark Leung chief executive for China, responsible for managing the bank’s on- and offshore activities in the country. He has been with the company for 21 years, in a range of different roles in Singapore, Hong Kong and Japan. Leung’s most recent role was co-head of global equities and prime services in Hong Kong. Additionally, David Li, senior country officer for China, has been promoted to vice-chairman of global banking.
JP Morgan has also given Philippe El-Asmar the newly created role of head of Asia Beta Strategies. El-Asmar was previously chief executive of Amareos, a financial news analytics firm that he co-founded.
The US bank also hired Jim Miller, a Macquarie veteran, as a vice-chairman for its investment bank in Australia. He spent more than 21 years at Macquarie, and led the bank’s infrastructure business until 2015. Miller is expected to strengthen JP Morgan’s infrastructure advisory business in Australia and more broadly in the Asia-Pacific region.
State Street Global Advisors has made Michele Barlow the Asia-Pacific head of investment strategy and research for its Investment Solutions Group. Most recently, Barlow was head of a credit research team at the Bank of America Merrill Lynch. She will report to Ric Thomas, global head of strategy and research for the Investment Solutions Group.
Wolters Kluwer has appointed Rainer Fuchsluger managing director of its finance, risk and reporting business in Asia. Fuchsluger, who will be based in Singapore, replaces James Stewart, who is returning to his native Australia for family reasons. Fuchsluger joins from SS&C Technologies, where he was regional managing director of the institutional and investment management business in Asia.
HSBC has appointed Stuart Milne the new chief executive of its Malaysian unit, effective May 24. He replaces Mukhtar Hussain, who is moving on to be the bank’s Asia-Pacific head of the belt and road initiative. Since joining HSBC in 1981, Milne has worked in a variety of businesses in the United Arab Emirates, Hong Kong, the Philippines, France, the US, Japan and India. Since 2012, he was chief executive for India, before which he was chief executive for Japan.
UBS has named Ranjan Sharma its head of equity capital markets for India. Sharma joins from Bank of America Merrill Lynch, where he spent nearly three-and-a-half-years as a vice-president on the India capital markets desk. He takes over from Rohan Talwar, former India equity capital markets head.