Robert de Roeck has left Aberdeen Standard Investments, where he was head of structured solutions and a member of the Bank of England working group on sterling risk-free reference rates. Having served the firm for a decade, he most recently led the teams responsible for structuring complex cross-asset investment solutions for pension and insurance clients.
De Roeck is considering launching his own Libor discontinuation consultancy, offering advice to front-office practitioners. He handed over the firm’s ongoing Libor discontinuation project on his departure in December.
Aberdeen will not name a direct replacement, due to its restructuring of the multi-asset solutions team, Risk.net understands.
De Roeck joined Standard Life Investments in 2010. The company later merged with Aberdeen Asset Management. He previously held derivative structuring positions at Lloyds, JP Morgan and ABN Amro.
Aberdeen has also appointed Aileen Mathieson as global head of insurance. Mathieson succeeds Stephen Acheson, who has retired, and will retain her previous responsibilities as global head of strategic platform investment solutions. She joined the firm in April 2019, from Zurich Insurance Group.
Dominic Byrne has been promoted to head of global equities from his current position as deputy head of global equities. Byrne succeeds Stephen Docherty, who is stepping down for personal reasons.
Adolfo Montoro has joined Bank of America as a director in its global risk analytics department. Based in London, he is responsible for implementing strategic market risk regulatory programmes. Montoro also serves as regional director of the UK chapter of the Global Association of Risk Professionals.
Montoro moves from Deutsche Bank, where he has been replaced by Sudha Srivastava as head of market data for market risk management.
Mark Ersser has joined Citi’s custody and fund services business as head of client reporting product for Europe, the Middle East and Africa. He reports to Paul Kilcullen, head of custody and funds services for Ireland. Ersser joins from Legal & General Investment Management.
José Placido will become chief executive officer of the commercial and investment bank in the Americas at BNP Paribas in June. Based in New York, Placido will report to Yann Gérardin, deputy chief operating officer, and head of corporate and institutional banking, and Jean-Yves Fillion, CEO of BNP Paribas USA. Placido currently serves as head of financial institutions coverage, and global head of client development and strategy for BNPP’s securities services. Before joining the firm in 2014, Placido served as CEO of RBC Investor & Treasury Services and RBC Dexia.
The bank’s current CIB Americas CEO, Bob Hawley, will move to the role of vice-chairman for CIB Americas.
Sandrine Ferdane will succeed Placido as global head of financial institutions coverage, starting in April. She will be based in Paris and report to Gérardin. Ferdane currently serves as the bank’s country head of Brazil and CEO of Banco BNP Paribas Brazil.
ABN Amro is to appoint Robert Swaak as CEO at its upcoming annual general meeting in April. He succeeds Kees van Dijkhuizen, who, the bank announced last year, will not be serving another term. Swaak previously held positions at PwC Netherlands, including chief operating officer and chief financial officer.
UBS has announced it will nominate Nathalie Rachou and Mark Hughes to join its board of directors. Rachou will leave her position on the board of directors at Société Générale. Hughes previously served as group chief risk officer at the Royal Bank of Canada between 2014 and 2018.
They replace David Sidwell and Isabelle Romy, who will have served on the board for 12 and eight years, respectively. The nomination will happen at the April annual general meeting.
Swedish bank SEB has hired James Prasad as head of foreign exchange business development and transformation. Reporting to Svante Hedin, global head of foreign exchange and commodities, Prasad will split his time between Stockholm and Helsinki. Prasad joins from Danske Bank, where he was global head of structuring for currencies, commodities and corporate rates. He held previous positions at TD Securities and DBS Bank.
Nicola White, Citadel Securities’ global chief operating officer for fixed income, currencies and commodities, has left the firm, Risk.net understands. White joined Citadel in 2016, having previously worked at Morgan Stanley for 12 years, according to her LinkedIn profile. It currently lists her as being on “gardening leave”.
Meanwhile, Citadel Securities has hired Michael Sotiropoulos has as a quantitative researcher, Risk.net understands. He leaves Deutsche Bank, where he served as head of quantitative research for algorithmic equities and risk trading at the bank’s New York office. Sotiropoulos joined Deutsche in April 2016, from Bloomberg, according to his LinkedIn profile. It is understood he has been replaced by Caio Natividade, who was part of his team.
Ade Cordell has joined Cboe Global Markets as head of business development for Cboe Europe. He reports to David Howson, president of Cboe Europe. Cordell joins from Intercontinental Exchange, where he worked for 16 years, according to his LinkedIn profile.
Additionally, Ice has announced that vice-chairman Charles Vice will retire at the end of March and remain as an adviser to the firm until February 2022. Vice has worked at the exchange for 20 years.
Lou Eccleston will retire as CEO of TMX Group before his contract expires at the end of this year. The move follows an internal investigation into allegations of past inappropriate sexual conduct. An enquiry initiated by the board of directors found no evidence of sexual harassment or misconduct while Eccleston was at TMX, the company said in a statement.
John McKenzie will serve as interim CEO, in addition to his current role as chief financial officer. McKenzie has worked at the firm for 19 years.
Axa Investment Managers has named Godefroy de Colombe as global chief operating officer. Based in Paris, he will report to Axa IM executive chairman Gérald Harlin and oversee trading operations, as well as operations, innovation, and risk and compliance. De Colombe was most recently CEO for Direct Assurance, Axa’s property and casualty e-insurance business. He replaces Joseph Pinto, who left to join Natixis Investment Managers.
Julien Houdain has joined Schroders as deputy head of credit for Europe. The newly created role will be based in London and Houdain will report to the firm’s head of credit for Europe, Patrick Vogel. Houdain joins after spending more than a decade at Legal & General Investment Management, most recently as head of global bond strategies. Matthew Rees has succeeded Houdain at LGIM.
Aviva Investors has hired Apiramy Jeyarajah as head of UK wholesale. Jeyarajah moves from HSBC Asset Management, where she most recently held the role of head of financial institutions for the UK and Israel. She previously held positions at Royal Bank of Scotland, ABN Amro and SEI Investments. HSBC Asset Management has not named a replacement.
Aviva has also brought in Rula Ipsaryaris to serve as head of client solutions for Switzerland and Liechtenstein. Most recently, Ipsaryaris worked at Vanguard as deputy country head, and senior sales executive for Switzerland and Liechtenstein. She will be based in Zurich.
Jeyarajah and Ipsaryaris will report to TJ Voskamp, director of client solutions for the UK and Europe.
At Vanguard Investments Switzerland, Christophe Collet has been appointed as deputy head of Switzerland and Liechtenstein. Collet joined the firm in 2018, and previously held roles at BlackRock and Amundi.
Invesco has hired Rod Ringrow as head of official institutions. He will report to Zainab Kufaishi, head of Middle East and Africa distribution. Ringrow most recently worked at State Street, where he was responsible for sovereign sales and strategic client coverage in Europe, the Middle East and Africa.
Insurance broker and risk adviser Marsh has appointed Sarah Stephens as head of cyber, international within Marsh JLT Specialty. Stephens will report to Flavio Piccolomini, president of the international division, and Paul Denny, head of the UK financial and professional practice at Marsh JLT Specialty. Stephens will continue to be based in London.
Alternative credit specialist CIFC has made three hires from Millennium Management. Jason Horowitz has joined as head of US high-yield bond investments. On the same team, Brandon Hole has joined as a managing director and Eric Seiden as an executive director.
Horowitz previously served as a portfolio manager at Millennium, overseeing a long/short corporate credit fund. Hole was a senior analyst at Millennium, while Seiden was a trader.
Murray Roos will join the London Stock Exchange Group as group director of capital markets, starting in April. He will report to LSEG CEO David Schwimmer. Roos joins from Citi, where he was most recently global co-head of equities and securities services. Previously, he led global equity sales and trading at the bank, which he joined in 2015, after working for a decade at Deutsche Bank.
Arne Staal has joined LSEG as head of research and product management. The newly created position will connect research with product strategy and development. Staal joins from Aberdeen Standard Investments, where he served as global head of macro systematic strategies and macro risk.
Gavin Wells has been appointed head of swaps strategy at 360T, the foreign exchange unit of Deutsche Boerse. Based in London, Wells reports to chief growth officer Simon Jones. He previously held positions at Citi, LCH and, most recently, Digital Asset Holdings.
Hedge fund trade body, the Managed Funds Association has appointed Bryan Corbett as president and CEO. He succeeds Richard Baker, who held the position from 2008. Corbett comes from the Carlyle Group, where he was a partner and managing director. Previously, he served as an economic adviser in the US government.
Financial markets data provider Refinitiv has named Andrea Remyn Stone as chief customer proposition officer. Stone will work with customers to develop open-platform technologies and report to CEO David Craig. She joins from Dealogic, where she was chief strategy officer. Stone previously worked at Bloomberg.
John Bentley has joined financial technology company TreasurySpring as head of sales. Bentley comes from an asset management background, most recently serving as director of institutional liquidity sales for Europe, the Middle East and Africa at HSBC Asset Management. Previously, he held roles at Deutsche Asset and Wealth Management, BlackRock, Goldman Sachs Asset Management and Morgan Stanley Investment Management.
Collateral management solution provider CloudMargin has promoted Armando Hernandez to the newly created role of executive director and head of North America. Hernandez, who joined the firm in 2018, will report to CEO Stuart Connolly.
Advisory and technology firm ACA Compliance has named Shvetank Shah as CEO and member of the board of directors. Shah moves from research and advisory firm Gartner, where he held various roles, including senior vice-president of its technology and service provider practice.
Consulting firm Mercer has hired Malcolm Reynolds as UK head of pension administration. Reynolds served most recently as managing director of the pension administration business at JLT, which Mercer’s parent company, Marsh & McLennan, recently acquired. Reynolds will report to Benoit Hudon, Mercer’s UK head of wealth.
Mark Findlay has joined data and software provider IHS Markit as global head of its financial risk analytics business. Based in London, he reports to chief technology officer and chief data scientist, Yaacov Mutnikas. Findlay joins from risk management consultancy TLG. He held previous positions at ABN Amro, UBS, Bank of America and HSBC.
Findlay’s position was previously held by Andrew Aziz, who left last year for wealth management analytics start-up d1g1t.
Foreign exchange e-trading firm Digital Vega has hired Rob Wemyss as a non-executive director and head of business development. Wemyss previously served as global head of FX options at JP Morgan, where he worked for 25 years in various positions.
Additional reporting by Julia Bahr and Mikael Latreille of FX Week, Steve Marlin and Tom Osborn. Editing by Vickie Johnstone
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