People moves: CME reshuffle, BlackRock’s new CRO, and more

Latest job changes across the industry

Sunil Cutinho
Sunil Cutinho: new chief information officer at CME Group
Photo: CME

Latest job changes across the industry

Futures exchange giant CME Group has announced a series of changes to senior management. Sunil Cutinho has been appointed chief information officer, replacing the retiring Kevin Kometer. Julie Holzrichter, who has served as chief operating officer since 2014, will take over Cutinho’s post as head of CME’s clearing arm in addition to her existing role. Cutinho joined CME in 2002 and was previously director of enterprise architecture in the company’s technology division.

Chief financial officer John Pietrowicz will retire in 2023, and Lynne Fitzpatrick will take his place. Until then, Fitzpatrick will act as deputy chief financial officer. She was most recently treasurer and head of corporate development.

Elsewhere, Suzanne Sprague becomes global head of clearing and post-trade services, reporting to Holzrichter. Sprague was previously managing director for credit, collateral and liquidity risk and banking.

Tim McCourt has been promoted to global head of equity and foreign exchange products. McCourt has led the company’s equity and alternative investment business since 2013.


BlackRock has appointed Ed Fishwick as chief risk officer, succeeding Ben Golub who becomes a senior adviser at the asset manager. Golub has held the position since 2009 and worked at the company for over three decades.

Fishwick was previously global co-head of BlackRock’s risk and quantitative analysis team. The new role will see him moving from London to New York.

Fishwick joined Merrill Lynch Investment Management in 2003, before its merger with BlackRock three years later. Earlier, he was head of risk management and investment research at Axa Investment Managers, and director of research at Quantec.


Lee Olesky
Photo: Tradeweb

Tradeweb co-founder Lee Olesky (pictured) will step down as chief executive at the end of the year. Current Tradeweb president Billy Hult will take over as chief executive in 2023. Hult joined the company in 2000 after holding several trading roles at Societe Generale.

Olesky co-founded the trading platform in 1996, leaving three years later to launch electronic trading platform BrokerTec. He returned to Tradeweb in 2002 and was appointed chief executive in 2008. The platform offers rates products like US Treasuries, mortgage bonds and interest rate derivatives.

Olesky takes over as chairman of the board, replacing Martin Brand who has left after a three-year stint. Olesky will hold the role until the end of 2023.


Ryan Holsheimer is leaving JP Morgan in Hong Kong where he worked as head of cash equities and equity distribution for Asia-Pacific. Holsheimer joined the bank in 2015, following spells as head of Australian markets at Bank of America and head of execution services for Asia-Pacific at Goldman Sachs, according to his LinkedIn profile.

Sara Perring will be taking over Holsheimer’s role at JP Morgan, moving from Tokyo where she is currently head of Japan cash equity distribution.


Vasileios Gkionakis (pictured) has joined Citi as head of European FX strategy to cover European G10 currencies. He most recently served as global head of FX strategy at Lombard Odier Wealth Management and was previously co-head of strategy research and head of FX strategy at UniCredit.

Vasileios Gkionakis
Vasileios Gkionakis

Gkionakis will report to Ebrahim Rahbari, global head of FX content.

Cecile Gambardella has joined Citi as head of markets for France, Belgium and Luxembourg. She comes from Bank of America where she was head of fixed income, currencies and commodities for the same region and led the fixed income solutions business in Italy.

Gambardella reports to Fabio Lisanti, London-based head of markets for western Europe, and Cedric Pauwels, regional head of financial institutions sales. Locally, Gambardella reports to Sylvie Renaud-Calmel, head of markets for Citi’s operations in Frankfurt, and Cecile Ratcliffe, country officer for France.


Luanne Lim has been named chief executive officer of HSBC Hong Kong. She has acted as interim chief executive since September, and was previously chief operating officer at HSBC Hong Kong.


Pushkaraj Gumaste Barclays
Pushkaraj Gumaste

Pushkaraj Gumaste (pictured) has been appointed head of corporate banking for Asia-Pacific and the Middle East at Barclays. He joined the bank in 2004 and has been head of international corporates since 2018. Previously he was co-head of banking and head of corporate banking in India.

Gumaste will be based in Singapore and report to both Phil Bowkley, head of international corporate banking, and Jaideep Khanna, head of Barclays, Asia-Pacific.


Mizuho International has named Helen Rodriguez as head of credit research for Europe, the Middle East and Africa. She joined the London-based securities and investment banking arm of Mizuho Financial Group last year and reports to Peter Chatwell, head of multi-asset strategy.

Rodriguez previously held positions at Merrill Lynch, Deutsche Bank and JP Morgan.


Leaving Mizuho, Mark Currie is understood to be joining NatWest Markets as head of non-sterling swaps trading. Currie will report to Gary Hawkins, who was recently appointed head of fixed income trading and strategic delivery.

Currie was head of sterling rates trading at Mizuho International and previously spent two decades at Deutsche Bank, according to his LinkedIn profile.

Meanwhile, former NatWest euro swaps head, Owen Coughlan, has moved Eisler Capital as a portfolio manager, his LinkedIn shows. Coughlan joined RBS in 2008.


Anthony Sage has joined RBC Capital Markets’ investment banking team in Europe as vice-chair for sponsor coverage. Based in London, Sage will report to Josh Critchley, head of European investment banking.

Sage joins from BNP Paribas, where he spent 11 years and most recently served as head of sponsor finance. Prior to BNP, Sage worked at RBS for 15 years.


BNY Mellon has named Jennifer Barker as chief executive of its treasury services business. Barker joins from JP Morgan where she most recently acted as head of client service and implementation in the payments business. Paul Adamo, who had assumed the chief executive role on an interim basis, will resume his previous role as chief financial and operating officer for treasury services and report to Barker.


Laine Litman has joined quantitative investment fund Hidden Road Partners as president, according to a LinkedIn post. She was previously head of fixed income and FX and co-head of crypto at electronic market-maker Virtu Financial, and has held positions at Goldman Sachs, Bank of America and KCG Holdings.


MarketAxess has appointed Nash Panchal as chief information officer. He succeeds Nick Themelis, who has retired after 16 years in the role. Based in New York, he will report to Chris Concannon, the trading platform’s president and chief operating officer. Panchal joins from Goldman Sachs, where he most recently served as global co-head of technology in the asset management division.


Australian Securities Exchange chief executive Dominic Stevens will retire this year. He joined ASX in 2013 and was appointed chief executive in August 2016. He will remain in his role until a successor takes over.


Prudential plc group chief executive Mike Wells has announced his retirement. Having joined the group in 1995, he became chief executive in 2015. The company said its next chief executive would be based in Asia, in line with its refocused business. Until then, Mark FitzPatrick will become interim group CEO. Fitzpatrick has served as chief financial officer since 2017 and chief operations officer since 2019.


Isabella Pateman BACB
Isabella Pateman

Isabella Pateman (pictured) has been named as British Arab Commercial Bank’s new chief risk officer. She will report to the bank’s chief executive, Eddie Norton. Pateman moves from UK government agency Homes England, where she was chief risk officer. Before that, she was head of HSBC’s global banking and markets loan management unit.


Richard Lloyd has been named interim chair of the UK’s Financial Conduct Authority, replacing Charles Randell, who had held the role since 2018. Lloyd is currently senior independent director of the FCA board, chair of the Independent Parliamentary Standards Authority and vice-chair of the Money and Mental Health Policy Institute.

Aidene Walsh will become interim chair of the Payment Systems Regulator, where she is currently a non-executive director, replacing Randell. Both positions are temporary until a permanent successor to Randell is found.


Kristine Bastøe has been appointed chief executive of Euronext Securities Oslo. Bastøe, who joined the group in 2017 as a management consultant and became head of products in 2019, takes over from the retiring chief executive, Audun Bø.


Cowen has expanded its fixed-income outsourced trading team by hiring John Orrock as managing director. Based in the UK, he will report to Joram Siegel, head of fixed-income outsourced trading.

Orrock was most recently head of emerging markets and outsourcing at Aurel Partners, a division of BGC. He previously spent 17 years as head of trading at BlueBay Asset Management.


The Investment Company Institute has named Michael Pedroni as its chief global affairs officer. Pedroni worked in the US Treasury under four secretaries, serving as director of the Markets Room, US financial attaché to the European Union and head of the Treasury’s office in Europe.


Binance.US, the US arm of crypto exchange Binance, has appointed Tammy Weinrib as chief compliance officer, reporting to chief risk officer Sidney Majalya. Weinrib moves from Societe Generale where she was a vice-president in the financial crime compliance department. Prior to that, she was deputy chief compliance officer at cryptocurrency exchange Gemini.


The Federal Deposit Insurance Corporation has made three appointments. Kymberly Copa is now deputy to the acting chairman and chief of staff; she has worked at the FDIC for 31 years and, since March 2019, has been the acting deputy to the organisation’s director. Daniel Bendler has been made deputy to the acting chairman and chief operating officer, and will retain his role as director of the administration division. Harrel Pettway has been made general counsel; she joined the FDIC in 2015 and in May 2019 was named senior deputy general counsel in its legal division.


Susan Collins Boston Fed
Susan Collins

Susan Collins (pictured) has been appointed president and chief executive of the Federal Reserve Bank of Boston. Collins is currently provost and executive vice-president for academic affairs at the University of Michigan. She was previously a senior staff economist at the President’s Council of Economic Advisers. She takes over from Kenneth Montgomery, who has held the role on an interim basis following the retirement of Eric Rosengren and who will continue as first vice-president and chief operating officer.


James Martin will become the acting director for the US Department of the Treasury’s Office of Financial Research. He joined the OFR in 2016 and currently serves as the deputy director of operations. Martin replaces the departing Dino Falaschetti.


Lori Price has been appointed as acting director of the US Securities and Exchange Commission’s Office of Credit Ratings. Price joined the OCR in August 2020, after a stint as associate general counsel in the commission’s Office of the General Counsel. She succeeds Ahmed Abonamah, who becomes chief financial officer for the City of Cleveland. Abonamah was appointed director of the OCR in November after serving as acting director from October 2020.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here